{"id":161815,"date":"2009-12-09T00:00:00","date_gmt":"2009-12-08T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-ms-k-lakshmansa-co-on-9-december-2009"},"modified":"2017-08-05T02:32:19","modified_gmt":"2017-08-04T21:02:19","slug":"the-commissioner-of-income-tax-vs-ms-k-lakshmansa-co-on-9-december-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-ms-k-lakshmansa-co-on-9-december-2009","title":{"rendered":"The Commissioner Of Income Tax vs M\/S K Lakshmansa &amp; Co on 9 December, 2009"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">The Commissioner Of Income Tax vs M\/S K Lakshmansa &amp; Co on 9 December, 2009<\/div>\n<div class=\"doc_author\">Author: K.L.Manjunath And Kumar<\/div>\n<pre>Bangalore in ITA No. 'I24\/Bang!' 266.0\n\ndat\u00a2d.25.3.20\u00a334 confirming thd order pa_ss9d._V\nby the Appallate commissioner  \nconsaquently confirm the letter is_rsi\u00a3ee:\u00ab  \nthe Assessing Gfficar dated 14~09~19\u20aci9\" aVt4:V.'*-  _  '\n\n-mrs ITA comwc as FOR    \n\nx.L.MAnaunArH 3., DELIVERSD ran roLLc$Iss: \u00bb_-_._\n\nJ U D a\u00bbxVx.w T g\"V\n\nThis appeal is  \nthe legality and    judgment\npassed by thag   Tribunal.\nBangalaze a\u00a2g\u00a2~;=1g rig R9\u00a7\u00a7\u00a7\u00a7:\u00a7ang\/zooo dated\n\n25.3.2<\/pre>\n<p>o$\u00a2;*4 \u00a7+ &#8220;\u00a7= &#8221;\n<\/p>\n<p>2._ T1i6:.i9&#8242;}:&#8221;a\u00a7:pea1 is ackaittad to<\/p>\n<p>  substantial quaatiana or<\/p>\n<p>v. M X -_&#8230;&#8230;.4.A.,_._~  unmwunmw auwarn mwuna wr RHKNAIAER Hl\ufb01\u00e9\ufb01 \u20ac.,;.0Ui{&#8216;f 0? KARNATAKA HIGH COUR? OF KARMAYAKA HKSH COUR<\/p>\n<p>a My; &#8216;MR <\/p>\n<p>  Pazathar, their Appellate<br \/>\nAuthbritias were correct in holding<\/p>\n<p>&#8221; A.  the aaseaaea was entitled to<br \/>\n _ xz:_!:ex*\u00a2wt under saatiarz 24-M of the<br \/>\n &#8216;\u00a362&#8242;: an that amount of interest paid<\/p>\n<p> under Sectian 23%, 234.3 inc? 2343&#8217; of<br \/>\n&#8216; the Act: which was waived in<\/p>\n<p>acacszdancze with the Baud<br \/>\nnotificatian dated: 23.5.1996 iaaued<br \/>\nunder section 129 :31? the Act: by the<br \/>\nSettlaaaxzt camtisszon.\n<\/p>\n<p>xv&#8217;<\/p>\n<p>Wm\ufb01amw mama amnnmnnmg Mg. II:<\/p>\n<p>.  3<\/p>\n<p>.\u00bb -w  wmy&#8230; .m.m&#8230;mm .,.w, Wm&#8230; W nnxaunxnn\ufb02 nmvn Wm&#8221; W mama-mm mcm cmmr \u00abW mmmmeerg mm mm:<\/p>\n<p>T. 2. ahathar, the Appellate ;<br \/>\nAz1t;h\u00a2.r1:;e&#8217;.9s&#8217;, have jurisdiction to .. ~\/<\/p>\n<p>entertain ex&#8221;&#8216;a&#8217;\u00a3:&amp;\u00a3:utg.;,y appeal<br \/>\nthe pravisixma af tiw Incme Tax aict&#8221;  _<br \/>\nagainst the 1nt1mt1on,passed by  . &#8216;<\/p>\n<p>Assessing Officer \/  <\/p>\n<p>Camiaaioner of Incme &#8216;.E&#8217;\u00a7:x&#8221;&#8216;ds:c;lix;i._r:_ig&#8221;\u00ab_&#8217;  .<br \/>\ntwo great interest: under &#8216;\u00bb.$ec;\u00a3:T.\u00a3r:x1&#8217;T=2=\u00a7.\u00ab\u00a7_.t; x  <\/p>\n<p>or the Act. _ <\/p>\n<p>we have raframad the qucs !fi\u00a7\u00a7:z-.V_Vo\u00a3  in} ETA<br \/>\nN&#8217;o.486\/2006 as herein1{t1c1e&#8217;\u00a7t % &#8216; %<br \/>\n&#8220;E2\u00a2.tf\u00a3e\u00a7zf.  of<br \/>\nIncome, 4&#8217;i&#8221;&#8216;;1e2J.-_;&#8217;    Income<br \/>\nTax  ~  were<br \/>\njus;&#8217;\u00a33}ia\u00a2\u00a7;_.V  . &#8216;2\u00a7\u00a71gxzj\u00a7  that the<br \/>\nassiiasa\u00e9n\u00e9a&#8217;  to claisa<br \/>\nintar\u00e9sfz&#8221; _u\u00a7.5c$_\u00a7.t&#8217; _ &#8220;S\u00a7at.:a:: 244A of the<br \/>\nV  arbor}  .i:i&#8217;!:eraa\u00a3: was waived off<br \/>\n  i.t;.?1\u00a2\u00a7%&#8217;..&#8217;ASeti:\u00a7i&#8217;\u00a7\u00a7\u00a7\u00a2v-ant: Comziaaion based<br \/>\n Dhgardahip pleaded by me<\/p>\n<p>&#8220;* k5s\u00a73\u00a7$e?\ufb02s<br \/>\nV S\ufb01.x:&lt;;;\u00a2;_  tickets at this case are similar<br \/>\n   facts of the case in 2E&#039;1&#039;.&#039;A NOAB6\/2094<br \/>\n&#039;&quot;\u00a2 &amp;ia\u00a7osea or by us today g9.12.20e9;, the<br \/>\n\ufb01vearned counsel appearing for both the patties<\/p>\n<p>submit that zfollawing the judgment in ITA.<\/p>\n<p>6\/<\/p>\n<p>_ .. &#8230; &#8211; &#8230;wA-V_,  1111235 1:-&#039;Ir-\\zw\u00b0&#039;I a-u\u00ab..~.-an uwum ur EVRKNAIAKR HEGR COURT OF KARNAXAKA HKGH CQURT OF KARNAYAECA Hi\ufb01v\ufb01 (SOUR<\/p>\n<p>823.486\/2004, the present appeal he dispo\ufb01e\ufb01.<\/p>\n<p>of.\n<\/p>\n<p>3. Accordingly, we     &#8221;\n<\/p>\n<p>answering the quaation of ix:-;\u00a3\u20aczvA\u00a2:.:_.&#8217;.r:&#8217; <\/p>\n<p>E19&#8243; \u20ac.&amp;._75\u20ac&#8217;x*\u20ac*&#8221;\\&#8217;~*&#8221;\u00bb -(in, <\/p>\n<p>f&#8221;I&#8221;%\u00a5IB&#8217;!* he U\ufb01\ufb02kinmnum &#8230;&#8230;.- __.._._ _ <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court The Commissioner Of Income Tax vs M\/S K Lakshmansa &amp; Co on 9 December, 2009 Author: K.L.Manjunath And Kumar Bangalore in ITA No. &#8216;I24\/Bang!&#8217; 266.0 dat\u00a2d.25.3.20\u00a334 confirming thd order pa_ss9d._V by the Appallate commissioner consaquently confirm the letter is_rsi\u00a3ee:\u00ab the Assessing Gfficar dated 14~09~19\u20aci9&#8243; aVt4:V.&#8217;*- _ &#8216; -mrs ITA comwc as FOR [&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-161815","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>The Commissioner Of Income Tax vs M\/S K Lakshmansa &amp; 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