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IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 15TH DAY OF JULY 2020
PRESENT
THE HON’BLE MR. JUSTICE ALOK ARADHE
AND
THE HON’BLE MR. JUSTICE S.R.KRISHNA KUMAR
I.T.A. NO.354 OF 2011
BETWEEN:
THE DIRECTOR OF INCOME-TAX (INTERNATIONAL TAXATION) RASHTROTHANA BHAVAN NRUPATHUNGA ROAD BANGALORE-560001.
THE DEPUTY DIRECTOR OF INCOME-TAX INTERNATIONAL TAXATION CIRCLE-1(1), RASHTROTHANA BHAVAN NRUPATHUNGA ROAD, BANGALORE. ... APPELLANTS (BY SRI. K.V. ARAVIND, ADV.)
AND:
M/S. ANZ OPERATIONS AND TECHNOLOGY PVT. LTD., EMBASSY GOLF LINKS BUSINESS PARK OFF. INTERMEDIATE RING ROAD BANGALORE-560071. ... RESPONDENT (BY MS. TANMAYEE RAJKUMAR, FOR SRI. T. SURYANARAYANA, ADV.) - - -
THIS I.T.A. IS FILED UNDER SECTION 260-A OF I.T. ACT, 1961 ARISING OUT OF ORDER DATED 28.4.2011 PASSED IN ITA NO.479/BANG/2010, FOR THE ASSESSMENT YEAR 2006-07, PRAYING TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED THEREIN. ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE ITAT, BANGALORE IN ITA NO.479/BANG/2010 DATED 28-4-2011 AND CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER CONFIRMING THE ORDER PASSED BY THE DEPUTY DIRECTOR OF INCOME TAX, INTERNATIONAL TAXATION, CIRCLE-1(1), BANGALORE, IN THE INTEREST OF JUSTICE AND EQUITY.
THIS I.T.A. COMING ON FOR HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING:
JUDGMENT
Mr.K.V.Aravind, learned counsel for the revenue. Ms.Tanmayee Rajkumar, learned counsel for Sri.T.Suryanarayana, learned counsel for the respondent.
Learned counsel for the revenue submits that the tax effect in this appeal is less than `1 Crore and therefore, he be granted liberty to withdraw the same in view of the Circular No.17/2019 dated 08.08.2019, without prejudice to revenue’s right to raise the issues involved in this appeal.
In view of the aforesaid submissions, the appeal is disposed of with liberty as prayed for by learned counsel for the revenue.
Sd/- JUDGE
Sd/- JUDGE
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