2019 (2) TMI 1699

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.... for the Respondent. P.C.: 1 The Revenue is in Appeal against the order dated 23/12/2015 of the Income Tax Appellate Tribunal (in short "the Tribunal"), raising the following questions for our consideration:­ "(i) Whether on the facts and circumstances of the case and in Law, the Hon'ble ITAT erred in holding that the income of the assessee is taxable in the hands of contrib....

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.... counsel for the parties brought to our notice the fact that such a judgment of the Bangaluru was carried in Appeal by the Revenue before the Karnataka High Court in case of Commissioner of Income Tax and Another v/s India Advantage Fund ­VII reported in (2017) 392 ITR 209 (Karn). The Karnataka High Court had dismissed the Appeal of the Revenue. The High Court in a detailed judgment while dism....