Date Of Judgment 14-8-2018, Ita.crob v. Pr. Commissioner Of Income Tax (Central) & Another

IN THE HIGH COURT OF KARNATAKA, BENGALURU DATED THIS THE 14 DAY OF AUGUST 2018. PRESENT THR HON’BLEK DR.JUSTICE VINBBT KOTHARI ANT) THR HON’BLE MRS.JUSTICEK S.SUJATHA I.T.A. CROB. No.1/2018INI.T.A. No.884/2017 BETWEEN: M/S SWISS RE GLOBAL BUSINESSSOLUTIONS INDIA PRIVATE LIMITED,(FORMERLY KNOWN AS SWISS RE SHAREDSERVICES (INDIA) PRIVATE LIMITED),VASWANICENTROPOLIS, 2 ‘TO6[‘T]FLOOR,NO.21, LANGFORD ROAD,BANGALORE - 560027._. CROSS OBJBCTOR (BY SRI.LNAGESWARA RAO, ADV. FOR SRI. MALLAHARAO, ADV.) AND: 1.PR. COMMISSIONER OF INCOME TAX (CENTRAL)C.R. BUILDING, QUEENS ROAD,BRNGALURU — 560 OO].C.R. BUILDING, QUEENS ROAD,BRNGALURU — 560 OO]. 2.DY. COMMISSIONER OF INCOME TAX, CIRCLE 6(1)(2), BMTC BUILDING, |CIRCLE 6(1)(2), BMTC BUILDING, | KORMANGALA, BENGALURU._. RESPONDENTS (BY SRI.K.V.ARAVIND , ADV.) THIS ITA CROB. IS FILED UNDBR ORDER 41 RULE 22 OF.THE CPC, ARISING OUT OF ORDER DATED: 13.04.2017 PASSEDIN IT)TP|JA NOS. 2315/BANG/2016, FOR THE ASSESSMENTYEAR 2012-2013, VIDE ANNEXURE-A, PRAYING TO: (I) DISMISS Date of Judgment 14-8-2018, ITA.CROB No.1/2018 M/s Swiss Re Global Business Solutions India Pvt. Ltd. Vs. Pr. Commissioner of Income Tax (Central) & Another. 2/2 THEAPPEALKRILE]BY|REVENUE.TO|ANSWER|THRESUBSTANTIAL|QUESTION.OF)LAWIN|KAVOUR.OF|APPELLANT/CROSS OBJECTOR; M(II) ALTERNATIVELY ADMIT.PRESENT CROSS OBJBCTION AND UPHOLD BXCLUSION OF|COMPANIBS AS COMPARABLES AS HBLD THR IMPUGNBEDORDER AT ANNBXURE-'A’ PASSED BY THR INCOMEBE-TAAPPBRLLA TTRIBUNALDATED:13.04.2017IN|IT(TP)ANOS.2315/BANG/2016 FORASSEKSSMENTYRBAR:2012-2901KEEPING IN VIEW ENTIRETY OF FACTS AND LAW; (III) PASS)SUCH RFURTHBRR AND OTHBR ORDERS IN FAVOUR OF THAPPBRELLANT. CROSS OBJBCTOR AS THIS HON'BLE COURT MADEEM FIT TO GRANT, IN THE FACTS AND CIRCUMSTANCES OF|THE CASE, AND IN THE INTEREST OF JUSTICE AND EQUITY. THIS ITA.CROB. COMING ON FOR ORDERS, THIS DAY,|Dr. VINEET KOTHARI, J., MADE THE FOLLOWING: ORDER Mr. Nageswar Rao, Mr. Mallaharao, Mr. Parth,|Advs.,for Cross Objector— Assessee.Mr. K.V. Aravind,Adv. for Respondents — Revenue. Learned Counsel for the Cross Objector-Assesseesubmits that the Cross Objections is not required to bepressed on merits. Cross Objections is dismissed as not pressed. AN/-| Sd/-.JU DGE Sd/-.JUDGE|