The Commissioner of Income Tax (Central) vs. Sri Balwinder Singh Bagga

1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 17TH DAY OF FEBRUARY, 2021

PRESENT

THE HON’BLE MR.JUSTICE ALOK ARADHE

AND

THE HON’BLE MR.JUSTICE NATARAJ RANGASWAMY

I.T.A. NO.192 OF 2011

BETWEEN:

M/S AADHAR HOUSING FINANCE LIMITED REP. BY ITS MANAGING DIRECTOR SRI. DEO SHANKAR TRIPATHI NO.3, 8TH ‘A’ MAIN ROAD, JVT TOWERS, HUDSON CIRCLE, BEHIND PUNJAB NATIONAL BANK, SAMPANGIRAMNAGAR, BANGALORE-560027. ...APPELLANT

(BY SRI. S.ANNAMALAI, ADVOCATE FOR SRI. M.LAVA, ADVOCATE)

AND:

THE ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-11 (1), R.P.BHAVAN, OPP. RBI, NO.14/3, 5TH FLOOR, NRUPATHUNGA ROAD, BANGALORE-560001.

…RESPONDENT

(BY SRI. E.I.SANMATHI, ADVOCATE FOR SRI. K.V.ARAVIND, ADVOCATE)

Amended as per court order dated 18.06.2020.

2 THIS APPEAL IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT, 1961 ARISING OUT OF ORDER DATED 08.02.2011 PASSED IN ITA NO.376/(BANG)/2010, FOR THE ASSESSMENT YEAR 2005-2006 PRAYING TO;

(a) FORMULATE SUBSTANTIAL QUESTION OF LAW AS STATED ABOVE AND ANSWER THE SAME IN FAVOUR OF THE APPELLANT;

(b) ALLOW THE APPEAL AND SET ASIDE THE FINDINGS TO THE EXTENT AGAINST THE APPELLANT IN THE ORDER PASSED BY THE TRIBUNAL IN ITA NO.376/(BANG)/2010 DATED 08.02.2011 IN THE INTEREST OF JUSTICE AND EQUITY.

THIS APPEAL COMING ON FOR HEARING THIS DAY, ALOK ARADHE, J., DELIVERED THE FOLLOWING:

JUDGMENT

Mr.S.Annamalai, learned counsel for Mr.M.Lava, learned counsel for the assessee.

Mr.E.I.Sanmathi, learned counsel for Mr.K.V.Aravind, learned counsel for the revenue.

Learned counsel for the assessee has filed a memo seeking leave of this Court to withdraw the appeal.

3 as withdrawn with liberty to revive the same in case the occasion so arises.

Sd/- JUDGE

Sd/- JUDGE