SRI SAKALA NARASHIMHULU CHETTY vs. DEPUTY COMMISSIONER OF INCOME TAX

1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 9TH DAY OF MARCH, 2021 PRESENT THE HON’BLE MR.JUSTICE ALOK ARADHE AND THE HON’BLE MR.JUSTICE ASHOK S.KINAGI I.T.A. NO.612 OF 2016 BETWEEN: SRI.SAKALA NARASHIMHULU CHETTY #33/3, SRI RANGADHAMA 2ND CROSS, SHANKAR MUTT ROAD BASAVANGUDI BANGALORE-560 004 ...APPELLANT (BY SRI.S.ANNAMALAI FOR MR.M.LAVA, ADVOCATE) AND: DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(4) C.R.BUILDING, QUEENS ROAD BANGALORE-560 001

…RESPONDENT (BY SRI.JEEVAN J. NEERALGI, ADVOCATE) THIS APPEAL IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT, 1961 ARISING OUT OF ORDER DATED 04.07.2016 PASSED IN ITA NO.118 & 119/BANG/2015, FOR THE ASSESSMENT YEAR 2006-2007 & 2010-11 (ANNEXURE-A) PRAYING TO;

2 (1) FORMULATE SUBSTANTIAL QUESTION OF LAW AS STATED ABOVE AND ANSWER THE SAME IN FAVOUR OF THE APPELLANT. (2) ALLOW THE APPEAL AND SET ASIDE THE FINDINGS TO THE EXTENT AGAINST THE APPELLANT IN THE ORDER PASSED BY THE ITAT, SMC ‘C’ BENCH, BENGALURU IN ITA NO.118 & 119/Bang/2015 DATED 04.07.2016 FOR THE ASSESSMENT YEAR 2006-07 AND 2010-11 (ANNEXURE-A). THIS APPEAL COMING ON FOR HEARING THIS DAY, ALOK ARADHE, J., DELIVERED THE FOLLOWING: JUDGMENT Mr.S.Annamalai for Mr.M.Lava, learned counsel for the assessee.

Mr.Jeevan J. Neeralgi, learned counsel for the revenue.

Learned counsel for the assessee has filed a memo seeking leave of this Court to withdraw the appeal on the ground that the matter has been amicably settled under ‘Vivad se Vishwas’ Scheme. 2. The aforesaid memo is taken on record. For the reasons assigned in the memo, the appeal is dismissed

3 as withdrawn with liberty to the assessee to revive the same in case the occasion so arises. Sd/- JUDGE Sd/- JUDGE GH