2021 (10) TMI 284

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..... t of the building along with other amenities in the industrial park - HELD THAT:- Substantial questions of law Nos.1 and 2 raised herein, are squarely covered by the decision of the coordinate Bench of this Court in the case of M/s. RAO COMPUTERS CONSULTANTS PRIVATE LTD. [ 2021 (6) TMI 152 - KARNATAKA HIGH COURT] wherein the coordinate Bench placing reliance on the Judgment of this Court in the ca .....

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..... of the business of complex commercial letting out services, in an expedite manner.
THE HON'BLE MRS.JUSTICE S.SUJATHA AND THE HON'BLE MR. JUSTICE RAVI V. HOSMANI APPELLANT: SMT.VANI H., ADV. RESPONDENT: SRI K.V.ARAVIND, ADV. JUDGMENT This appeal is filed under Section 260-A of the Income Tax Act, 1961 ('the Act' for short) by the assessee challenging the order dated 28-09-2018 passed in ITA .....

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..... id down by this Hon'ble Court in the case of Velankani Information Systems and the Circular issued by the Department? 3. Whether on the facts and circumstances of the case, the authorities below erred in disallowing the expenditure towards insurance, brokerage and depreciation incurred wholly and exclusively for the purposes of the business of complex commercial letting out services and whether .....

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..... the relevant assessment year therein, allowing the appeal filed by the assessee. 3. In view of the aforesaid ruling of this Court, the substantial question of law Nos. 1 and 2 are answered against the revenue and in favour of the assessee. 4. As regards the substantial question of law No.3 is concerned, there is no finding by the assessing authority inasmuch as disallowing the expenditure referr .....

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