{"id":9789,"date":"2009-11-24T00:00:00","date_gmt":"2009-11-23T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-ms-balaji-agencies-on-24-november-2009"},"modified":"2015-05-16T20:50:59","modified_gmt":"2015-05-16T15:20:59","slug":"the-commissioner-of-income-tax-vs-ms-balaji-agencies-on-24-november-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-ms-balaji-agencies-on-24-november-2009","title":{"rendered":"The Commissioner Of Income-Tax vs M\/S Balaji Agencies on 24 November, 2009"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">The Commissioner Of Income-Tax vs M\/S Balaji Agencies on 24 November, 2009<\/div>\n<div class=\"doc_author\">Author: K.L.Manjunath And Kumar<\/div>\n<pre>IN THE HIGH COURT OF KARNATAKA,  2 V\n\nDATED THIS THE 24TH DAY OF NOVEMB. f\u00a7R,V    \n\nPRESENT A\n\nTHE HONBLE MR. JUSTICE K:.1.,MANJ':UN';4\\T'H '  7\n\nAND . ..   \u00ab.  \nTHE HONBLE MR. JUSTICE ALRAVIND,I{{ \n\nrm Nd';3.:i;\/2004;-. T \nBETWEEN in 3\n\n1. The Commissioner Qf_I:'r:V:;o.z'i_iVef;ta\u00a7c.V  '  \nC.R.Bui1ding{,Q_ue\u00a2'ns '  '\nBailgaloreif AA      \n\n2. The De13z,;tyi_ Cor1ixni.sVusixon\u20ac:r'V'0f En(:0me---tax,\n\ncircle-\u00bb;--8[1v}, C:\u00a3;;Bus.1d:ng; \"Queens Road,\nBa11gaI_0_1'\u00e9.*T;      -- I\n\n(By 811. M'.V,Sesf12\ufb01_ch;{'la;\"'Adv0cate]\n\n    %%%%% \n\n  M V\/  Bal\ufb01jl i\ufb02w\u00e9\u00e9ncies,\n4.4'\/A, 3%\"?-1\\\"&amp;aLii1v.I'ndustria1 town,\n\nR9\u00bb-_Iaj1nagari;j_ Bangaiore.\n   Respondent:<\/pre>\n<p>T WV&#8221;(ByLSrf.&#8217;R..V.S.Naik, for M \/ s King and Partridge,<br \/>\n\u00bb . &#8216;2&#8217;\\,cV1v(&#8216;)vz:ates)<\/p>\n<p>53\/<\/p>\n<p>Appe\ufb02antst<\/p>\n<p>This Appeal is \ufb01led under Section 26053 dofivln-some<br \/>\nTax Act, 1961 praying to allow the appeai andv jseti&#8217;asid.e_<br \/>\nthe order passed by the WIVTAT &#8216;-fiT(SS&#8217;j.V<br \/>\nNo.87\/Bang\/2002, dated 10-11.&#8217;42o0at and Con_fi1fir1&#8217;the<br \/>\norder passed by the Deputy Co.mn1is.s&#8217;ior1er&#8217;~ _&#8221;of &#8220;metoi-;::e<\/p>\n<p>Tax, Circ1e&#8211;8[1], Bangalore. _<\/p>\n<p>This appeal coming &#8220;&#8216;o1j:f=.for   day,<br \/>\nMANJUNATH J. deiivered the__foi1owir1g: 7<\/p>\n<p>The Revenue h:as&#8221;&#8216;\u00bbeomde    appeal being<\/p>\n<p>aggrieved   passed by the<\/p>\n<p>ITAT, B_anga}Vo&#8217;1 \u00e91:.;_ iT{E-KS)&#8217; A -.  \/ Bang\/ 2002, raising<\/p>\n<p>the fofioxnring.siiiistantia1_:questions of law:<\/p>\n<p>Wi1_ether::_&#8221;the Tribunal was correct in<br \/>\n ign.oring&#8221;thesta::ement of one Sri.Chander Sha<br \/>\n in  of the firms of the assessee&#8217;s<br \/>\n  financier of the assessee that 3 to<br \/>\n.&#8221;*d5\u00b0\/yo&#8217;  taking place outside the books of<\/p>\n<p> aeeotirit which was not disputed and the<\/p>\n<p> ..  diserepancy in stock which was added back by<\/p>\n<p>it  ffthe Assessing officer was totally ignored in<\/p>\n<p>5\/<\/p>\n<p>order to arrive at a conclusion that&#8221;&#8216;-trim<\/p>\n<p>additions could not be made and  *<\/p>\n<p>recorded a perverse finding.<\/p>\n<p>2. Whether the  arrived <\/p>\n<p>perverse find that &#8216;lt..hv&#8221;e~..__departments h._:as*~rijot<br \/>\nfound any material e_viden&#8211;c_e to&#8217;  the<br \/>\nadditions rnad:e;&#8221;~p..   search&#8217; when<br \/>\nadmittedly there  one of the<br \/>\nparties well   the de\ufb01cit of<\/p>\n<p>stocirto ppstitpfpjortj&#8217;:fhe._claiI\ufb02pof  department?<\/p>\n<p> iiii  &#8221;  Eh elrutlhe &#8216;Tribnna1 relied on the View<br \/>\ne~Xpressed&#8217;case of the same group of<\/p>\n<p>assessee vVhe&#8217;n  case had to be appreciated<\/p>\n<p>;&#8217;on the facts and circumstances prevailing in<\/p>\n<p>that &#8220;case landlthe entire set of facts could not<\/p>\n<p>   to one other case and consequently,<\/p>\n<p> no consideration by the Tribunal in<\/p>\n<p> respect of facts and controversy which arose in<\/p>\n<p>the&#8221; present case.&#8217;?\n<\/p>\n<p>6\/<\/p>\n<p>2. In connected matter in ITA No.3<\/p>\n<p>very same order of the Tribunal has been&#8221;&#8216;::set\u00bb;3siVde  V&#8217; <\/p>\n<p>us and the matter has been re:-..n\u00e9tndedVt_o <\/p>\n<p>for fresh consideration as. the &#8216;order of\u00bbt.i1ev&#8221;&#8216;1&#8217;ribur1:::I*~t\u00bb<\/p>\n<p>suffers from iilega\ufb01ty. Thedfeetbre&#8217;  vdd\u00e9gbbeal is<br \/>\nallowed and the order   Tax<br \/>\nAppellate Tribunai ie\ufb02 matter is<br \/>\nremanded     Tribunal,<br \/>\nBangalore  tn accordance with<br \/>\nlaw   us in ITA 312\/2004<\/p>\n<p>Sd\ufb02i<br \/>\nIudje<\/p>\n<p>Sdff<br \/>\nfudge<\/p>\n<p>&#8220;9 n\u00a7m\ufb025<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court The Commissioner Of Income-Tax vs M\/S Balaji Agencies on 24 November, 2009 Author: K.L.Manjunath And Kumar IN THE HIGH COURT OF KARNATAKA, 2 V DATED THIS THE 24TH DAY OF NOVEMB. f\u00a7R,V PRESENT A THE HONBLE MR. JUSTICE K:.1.,MANJ&#8217;:UN&#8217;;4\\T&#8217;H &#8216; 7 AND . .. \u00ab. THE HONBLE MR. JUSTICE ALRAVIND,I{{ rm Nd&#8217;;3.:i;\/2004;-. [&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-9789","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 v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Commissioner Of Income-Tax vs M\/S Balaji Agencies on 24 November, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-ms-balaji-agencies-on-24-november-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Commissioner Of Income-Tax vs M\/S Balaji Agencies on 24 November, 2009 - Free Judgements of Supreme Court &amp; 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