SRI T D RAMAKRISHNA vs. PRINCIPAL COMMISSIONER
What did the High Court hold?
The High Court noted the submission regarding the settlement under the 'Vivad Se Vishwas' scheme. Consequently, the appeal was dismissed as withdrawn.
What were the facts?
The assessee filed an appeal before the High Court challenging an addition made by the revenue. The assessee's counsel submitted that the dispute has been settled under the 'Vivad Se Vishwas' scheme.
What were the issues?
Whether the appeal can be withdrawn due to settlement under the Vivad Se Vishwas scheme.
Which sections of the Income-tax Act were involved?
AI-generated summary — verify with the full judgment below
1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28TH DAY OF JULY, 2021 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND THE HON’BLE MR. JUSTICE HEMANT CHANDANGOUDAR ITA NO.686 OF 2016 BETWEEN: SRI T D RAMAKRISHNA, S/O LATE DESUNAIDU, AGED ABOUT 72 YEARS, PAN NO.ABLPR5616F NO.44/1, T.C.PALYA ROAD, BEHIND RAMAMURTHY NAGAR POLICE STATION, BENGALURU-560 016 AND FLAT NO. 203, R.K.HOYSALA RESIDENCY, 3RD MAIN, 9TH CROSS, HOYSALANAGAR, BENGALURU - 560016. ... APPELLANT (BY SRI KIRAN KUMAR K, ADVOCATE) AND: 1. PRINCIPAL COMMISSIONER
OF INCOME TAX,
BENGALURU-4,
BMTC BUILDING,
80 FEET ROAD,
KORAMANGALA,
BENGALURU-95.
2 2. ITO
WARD-12(2),
BMTC BUILDING, 80 FEET ROAD,
KORAMANGALA,
BENGALURU-95. ... RESPONDENTS (BY SRI T.N.C.SRIDHAR, ADVOCATE) - - - THIS ITA IS FILED UNDER SECTION 260-A OF INCOME TAX ACT 1961, PRAYING TO: (a) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED IN THIS MEMORANDUM OF APPEAL.
(b) DELETING THE IMPUGNED ADDITION OF RS. 11,42,707/-.
(c) PASS SUCH OTHER SUITABLE ORDERS AS THIS HON'BLE HIGH COURT DEEMS FIT TO GRANT, ON THE FACTS AND CIRCUMSTANCES OF THIS CASE, AND IN THE INTEREST OF JUSTICE AND EQUITY. THIS ITA COMING ON FOR HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING: JUDGMENT Mr. Kiran Kumar K., learned counsel for the assessee. Mr.T.N.C. Sridhar, learned counsel for the Revenue. Learned counsel for the assessee submits that the dispute in this appeal has been amicably settled under the provisions of the “Vivad Se Vishwas’ scheme, therefore he seeks leave of this Court to withdraw the
3 appeal with a liberty to revive the same, if occasion so arises. The aforesaid submission is placed on record. In view of the aforesaid submission, the appeal is dismissed as withdrawn with a liberty as prayed for. Sd/- JUDGE Sd/- JUDGE HR
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