M/S KARNATAKA STATE INDUSTRIAL INVESTMENT & vs. THE ASSISTANT COMMISSIONER

1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 24TH DAY OF JULY, 2018 PRESENT THE HON’BLE Dr.JUSTICE VINEET KOTHARI AND

THE HON’BLE MRS.JUSTICE S.SUJATHA ITA Nos.9 & 10/2010 Between:

M/s. Karnataka State Industrial Investment & Development Corporation Limited, “Khanija Bhavan” No.49, 4th Floor, East Wing, Race Course Road, Bangalore-560 001, Represented by its Managing Director, Smt. Vandita Sharma, Aged about 46 years, W/o. Sri. ISN Prasad. …Appellant

(By Sri. S. Parthasarathi, Advocate)

And:

The Assistant Commissioner of Income-tax, Circle-11(5), Bangalore. …Respondent

(By Sri. K.V, Aravind, Advocate)

These ITAs are filed under Section 260-A of Income Tax Act 1961, arising out of Order dated:31.08.2009 passed in ITA No.1178/BNG/2008 & C.O.No.109/Bng/08, for the Assessment Years 1999-00, praying to formulate the substantial questions of law stated therein to allow the appeal and set aside the order passed by the ITAT Bangalore in ITA No.1178/BNG/2008 & C.O.No.109/Bng/08, dated:31.08.2009.

These ITAs coming on for Hearing this day, Dr.Vineet Kothari, J., delivered the following:

Date of Judgment:24.07.2018 in ITA Nos.9 & 10/2010 M/s. Karnataka State Industrial Investment & Development Corporation Limited. Vs. The Assistant Commissioner of Income tax.

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JUDGMENT

Mr.S.Parthasarathi, Adv. for Appellant-Assessee. Mr.K.V.Aravind, Adv. for Respondent-Revenue.

The learned counsel for the appellant-Assessee – Karnataka State Industrial Investment & Development Corporation Limited, Bengaluru, (KSIIDC), seeks permission to withdraw the present Appeals.

The learned counsel for the Revenue has no objection.

Accordingly, the Appeals are dismissed as withdrawn.

Sd/- JUDGE

Sd/- JUDGE

bk/ (List No.1 Sl.No.6)