Ita/100003/2021 Of M/S Karnataka Vikas Grameena Bank v. Asst. Commissioner Of Income Tax

1 IN THE HIGH COURT OF KARNATAKA|DHARWAD BENCH DATED THIS THE 12 DAY OF NOVEMBER, 2021. PRESENT THE HON'BLE MR.JUSTICE S. SUNIL DUTT YADAV. AND THE HON BLE MS.JUSTICE JI.M. KHAZI I.T.A.NO.L100003/202 BEIWEEN® M/S KARNATAKA VIKAS GRAMEEN BANK,REP. BY ITS GENERAL MANAGER, CHANDRASHEKAR D. MORO,HEAD OFFICE, H.O. BUILDING,BELAGAUM ROAD,DHARWAD. (BY SRI SHASHANK S. HEGDE, ADV.) AND « —. APPELLAN| ASST. COMMISSIONER OF INCOME TAX)CIRCLE 2(1), CENTRAL REVENUE BUILDING,HUBBALLI. ... RESPONDENTTHIS APPEAL IS FILED UNDER SECTION 260-A OFTHE INCOME TAX ACT, 1961 PRAYING TO FORMULATE THESUBSTANTIAL QUESTION OF LAW AS STATED ABOVE ANDANSWER THE SAME IN FAVOUR OF THE APPELLANT AND.TO ALLOW THE APPEAL AND SET ASIDE THE FINDINGS TO.THE EXTENT AGAINST THE ASSESSEE IN THE COMMON. 2 ORDER.PASSEDBYTHE|INCOME|TAXAPPELLATETRIBUNAL, BENGALURUCBENCHIN|ITANOS.2054/Bang/2017 FOR THE A.Y. 2014-15 VUDE|ANNEXURES-A. THIS APPEAL COMING ON FOR ORDERS THIS DAY,S.SUNIL DUTT YADAV J,, DELIVERED THE FOLLOWING: JUDGMENT The counsel for the appellant has filed a memo,which reads as follows: 1.The above named Appellant has_ filedIncome Tax Appeal under Section 260A ofthe Income Tax Act, 1961 challenging tne|order passed by the Income Tax Appellate|Tribunal,BangaloreBenchInTTA|No.2054/Bang/201/7 dated 10.09.2020 forthe Assessment Year 2014-15. 2.The Appellant filed Form-1 and Form-2 for|declaration and undertaking for paying|taxes on disputed income undaer_ tnScheme named [The Direct Tax Vivad SeVisnwas Act, 2020 for the Assessment.Year. 3.Thereafter, the Principal Commissioner for|Income-Tax, HubliISSUCGForm-3certificate under sub-section (1) of Section| 5 of the Direct Tax Vivad Se Viswas Act,|2020 dated 19.04.2021, after verifying|Form-1 and Form-2. Copy of the Form-3|IS enclosed hnerewith for this Hon’bliCourt’s reference and records. 4 Wherefore,|InVICWoftheabove|submissions the Appellant numbly prays|this Hon’ble Court may be pleased fo)permit tne Appellant to withdraw tne)above Income Tax Appeal with liberty to)revive, in case, if the dispute is not settled|under the scheme the Direct Tax Vivad Se|Vishwas Act, 2020 in the interest ofjustice|and egulty.| In light of the same, appeal is dismissed as withdrawn. Sd/-JUDGE| Sd/-JUDGE. Naa |