2010 (6) TMI 561

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.... - The revenue is in appeal assailing the order passed by the Income-tax Appellate Tribunal, Bangalore in ITA No. 15/Bang./2003, dated 7-6-2005 for the assessment year 1999-2000. 2. The facts leading to filing of this petition are as follows:-  (a)  For the assessment year 1999-2000, the assessee filed return of income on the book profits of the assessee in accordance with secti....

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....tial questions of law:- "(1)  Whether the law declared by this Hon'ble Court in M/s. Kwality Biscuits holding that no levy of interest can be made under sections 234B and 234C of the Act when computation of total income is made under section 115J of the Act can also be extended to computation of total income made under section 115JA of the Act which commences with a non-obstante clause to ....

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....coordinate Bench of this Court in ITA No. 320 of 2004 and other connected matters dated 20-9-2009, wherein the questions of law raised in this appeal have been answered in favour of the revenue and against the assessee. In view of the same, the questions of law formulated hereinabove are answered in favour of the revenue and against the assessee. 5. It is brought to our notice by Sri. K.P. Kuma....