{"id":138887,"date":"2008-09-23T00:00:00","date_gmt":"2008-09-22T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/kamaladevi-j-jain-vs-income-tax-officer-on-23-september-2008"},"modified":"2017-08-07T00:00:31","modified_gmt":"2017-08-06T18:30:31","slug":"kamaladevi-j-jain-vs-income-tax-officer-on-23-september-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/kamaladevi-j-jain-vs-income-tax-officer-on-23-september-2008","title":{"rendered":"Kamaladevi J Jain vs Income Tax Officer on 23 September, 2008"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">Kamaladevi J Jain vs Income Tax Officer on 23 September, 2008<\/div>\n<div class=\"doc_author\">Author: V.G Sabhahit S.N.Satyanarayana<\/div>\n<\/p>\n<pre><\/pre>\n<p> &#8221; WARD &#8216;:2 fax,&#8217; HUBLI.<\/p>\n<p>IN THE HIGH COURT OF KARNATAKA<br \/>\nCIRCUIT BENCH AT DHARWAE)<\/p>\n<p>DATED &#8220;ms THE 2329 DAY 0:? sEPrEM;n_sEfR~&#8211;..29\u20aci:3~ <\/p>\n<p>PREsEN::*; _ V _ V<br \/>\nTHE HONBLE MR.JusT1ci\u00a7;.y\u00a7:3,_\u00e9ABii5\u00ab}\u00a7;*r. ~. &#8221;<br \/>\nTHE HONTBLE Mg,.JusT;c:19:s,N;sg.&#8217;1Y\u00e9;NARAYg,ivA<br \/>\nMCOME &#8216;I&#8217;AX.V:APf;F,._!&#8217;\u00a7.L&#8217;, .1\\i'(i).&#8221;_2: 1&#8242;.&#8217;}8_L2005<br \/>\nBetween: H<\/p>\n<p>KO?PIKAR F?._O!\u00a7D;_<br \/>\nHUBL1;a:=so 9022:.) <\/p>\n<p>SMT. KAMALAm.\\}: 99a9%~9gAmk.%%<br \/>\nV .  APPELLANT<br \/>\n(By Sri \u00e911\u00a7&#8217;1&#8242;;~.$R<\/p>\n<p>PASSED BY THE ITAT BANGA.m;es&#8217;_&#8217;s-&#8220;V;~ mi<br \/>\nM.P.NO.51\/BANG\/03 ANS ALSO 1*:&#8217;A.1.fri&#8217;.;3{J}9;.{&#8220;&#8216;3-;'(3&#8242;:a\u00abs<br \/>\nDATED 19.12.03 FOR THE) AssEss;\u00a7jje&#8217;,N*i*..: 313::-s._I\u00e9 &#8211;. &#8221;<\/p>\n<p>l998-99.\n<\/p>\n<p>THIS rm COMING 01%: &#8216;~..lf&#8217;OR &#8216;.\u00a7:I&#8217;EAl?IN.C{ &#8216;  <\/p>\n<p>mama J., DELIVERED THE &#8216;F=Q\u00a7;Low1N&#8217;a*2.:__ &#8216; <\/p>\n<p> s  1<\/p>\n<p>This  being aggrieved<br \/>\nby t}:1s&#8217;.V  ViI&#8217;1comc-tax Apmiiate<br \/>\n  . _&#8217; V Bsnch &#8216;C&#8217; in<br \/>\nITA.No .60:9\/$&#8217;as;g;&#8217;.2{i(\u00a7:?\u00bb:&#8221;dated 19.12.2003 and also<\/p>\n<p> fsr the assessment year 1998\u00bb-99<\/p>\n<p>  order passed by the Commissioner of<\/p>\n<p>  Hubli, who inmm. had conflrmed<\/p>\n<p>  &#8216; passsd by the assessing authsrity, wherein<\/p>\n<p>  &#8220;ti:\u20ac;&amp;t1?fasnsactio:1 declared in the regular returns as cash<\/p>\n<p> under Section 68 of the Income-tax Act, 1961.<\/p>\n<p>2. The substantial questions of Law arises for our<\/p>\n<p>determination in this appeal are,<\/p>\n<p>\\9+J.\n<\/p>\n<\/p>\n<p>1) Whether the \ufb01nding of the Income; .1<br \/>\nTax Appellate Tribunal that the sale:   U<\/p>\n<p>transaction as revealed in the  ~ <\/p>\n<p>returns \ufb01led are taxable under .Sfe_&lt;_&#039;:i:io&#039;1:a.:&quot; _<\/p>\n<p>68 of the Income-tax Aet;~is4pe\u00a7&#039;ve1&#039;se\u00ab\ufb01Qr V&#039;<br \/>\narbitrary for non consideratie\ufb01 oz&#039; &#039;thew.<br \/>\nmaterial fact as to whetller &quot;the  &quot; <\/p>\n<p>&#039; that are sold under the._t:ransacifio1j1s 2<br \/>\nrelied upon by the assesse are the   &#039;V<br \/>\ngoods which had betzrg&#039; declared Ttjnder<br \/>\nthe applimtion \ufb01led&quot;  Volmatary<br \/>\nDeclaration &#039;:)fI11(-\u00a7\u00aboxI;e,&#039;  1997,<br \/>\nwhich was accepted&#039; by :1;h1&quot;j:_remI1:1e?<\/p>\n<p>2) Whateemexi?  3}<\/p>\n<p>3. 1&#8242;  questions of law have<br \/>\n  186\/2004 arising on identical<br \/>\nfacts a&#8217;x&#8217;1d i.&#8217;3w&#8217;  \u00e92.9.2008 by a detailed erder<\/p>\n<p>peQ11e&#8217;unoee <\/p>\n<p>V   T.   reasons assigned in the said appeal,<\/p>\n<p> which is applicable on all fours to the<\/p>\n<p> facts&#8221;  the preaent case, We answer the substantial<\/p>\n<p>7 question of law No.1 in af\ufb01rmatitve and substantiai<\/p>\n<p>&#8216;  of law No.2 as per \ufb01nal order and pass the<\/p>\n<p>foilowing:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court Kamaladevi J Jain vs Income Tax Officer on 23 September, 2008 Author: V.G Sabhahit S.N.Satyanarayana &#8221; WARD &#8216;:2 fax,&#8217; HUBLI. IN THE HIGH COURT OF KARNATAKA CIRCUIT BENCH AT DHARWAE) DATED &#8220;ms THE 2329 DAY 0:? sEPrEM;n_sEfR~&#8211;..29\u20aci:3~ PREsEN::*; _ V _ V THE HONBLE MR.JusT1ci\u00a7;.y\u00a7:3,_\u00e9ABii5\u00ab}\u00a7;*r. ~. &#8221; THE HONTBLE Mg,.JusT;c:19:s,N;sg.&#8217;1Y\u00e9;NARAYg,ivA MCOME &#8216;I&#8217;AX.V:APf;F,._!&#8217;\u00a7.L&#8217;, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-138887","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kamaladevi J Jain vs Income Tax Officer on 23 September, 2008 - Free Judgements of Supreme Court &amp; 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