Profit arising to mediator from Purchase & sale of land to be taxed in his hands

HIGH COURT OF KARNATAKA Commissioner of Income-tax, Central Circle Versus Krishnappa IT APPEAL NOS. 1133, 1148 & 1150 OF 2006 AUGUST 14, 2012 JUDGMENT 1. Being aggrieved by the order dated 24.3.2006 made in ITA No.1276/Bang/2003, ITA No. 1116/Bang/2002 and ITA No. 1277/Bang/2003 passed by the Income Tax Appellate Tribunal, Bangalore dismissing the appeals and confirming the order passed by the Commissioner of Income Tax (appeals) Bangalore, the revenue has preferred these three appeals under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as ‘Act...