Ita/100008/2020 Of M/S.kanrataka Vikas Grameena Bank v. Asst. Commissioner Of Income Tax

ITA No. 100008 of 2020 IN THE HIGH COURT OF KARNATAKA, DHARWAD BENCHDATED THIS THE 31 DAY OF OCTOBER, 2022PRESENT| THE HON'BLE MR JUSTICE S.SUNIL DUTT YADAV| AND THE HON'BLE MR JUSTICE UMESH M ADIGA|%INCOME TAX APPEAL NO. 100008 OF 2020 (&BETWEEN: M/S.KANRATAKA VIKAS GRAMEENA BANKREP. BY ITS GENERAL MANAGER, P NAGESHWARA RAO, HEAD OFFICE, H.O. BUILDING, BELAGAVI ROAD, DHARWAD-5380008. _ APPELLAN (BY SRI. SHASHANK S HEGDE.,ADVOCATE) AND: ASST. COMMISSIONER OF INCOME TAXCIRCLE 2(1),CIRCLE 2(1), CENTRAL REVENUE BUILDING,| HUBBALLI-580025. RESPONDENT| THIS ITA FILED U/SEC.260A OF THE INCOME-TAX ACT, 1961,|PRAYING TO, a) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAWAS STATED ABOVE AND ANSWER THE SAME IN FAVOUR OF THE|APPELLANT. b) ALLOW THE APPEAL AND SET ASIDE THE FINDINGS|TO THE EXTENT AGAINST THE ASSESSEE IN THE COMMON ORDER|PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, BENGALURU ‘B’|BENCH IN ITA NOS.636/BANG/2015 FOR THE A.Y. 2007-08 AND IN}ITA NOS.627/BANG/2015 AND ITA NO.637/BANG/2015 FOR THE A.Y.2011-12 DATED 19.02.2020 VIDE ANNEXURE A. THIS ITA COMING ON FOR ORDERS THIS DAY, S.SUNIL DUTT.YADAV J., DELIVERED THE FOLLOWING: ITA No. 100008 of 2020 JUDGMENT Learned counsel for the appellant nas filed a memo,|which reads as under: “1. Tne above named Appellant nas_ filedIncome Tax Appeal under Section 260A of the|Income Tax Act, 1961 challenging the order passedby the Income Tax Appellate Tribunal, Bangalore|Bencn in ITA No.636/Bang/2015 dated 19.02.2020|for the Assessment Year 2007-08 and challenging|the order passed by tne Income Tax Appellate|Tribunal, BangaloreBenchIn|LIA|No.627/Bang/2015and637/Bang/2015dated|19.07.7070 for the Assessment Year 2011-12. 2. Tne Appellant fileaq Form-1 and Form-2 fordeclaration and undertaking for paying taxes on|disputeq income under the scheme named The}Direct Tax Vivad Se Vishwas Act, 2020 for the}Assessment Yeer. 3. Thereafter, the Principal Commissioner of Income Tax, Hubil issued Form-s3 certificate undersub-section (1) of Section 5 of the Direct Tax Vivad|Se Vishwas Act, 2020 dated 19.04.2021, after|verifying Form-1 and Form-2. Copy of the Form-3|are encloseqd herewith for this Hon’bile Court'reference and records. ITA No. 100008 of 2020 4Wherefore, in view of the abovesubmissions the Appellant numbly— prays tnisHon’ble Court may be pleased to permit the|Appellant to withdraw the above Income Tax|Appeal with liberty to review, in case, if the disputeIs not settled under the scheme the Direct Tax|Vivad Se Vishwas Act, 2020 in the tnterest ofjustice and egulity. In the light of the same, the appeal is dismissed as_ withdrawn. Liberty is reserved to review the matter, in case,the dispute is not settled under the Direct Tax Vivad SeVishwas Act, 2020. MBS.List No.: 1 SI No.: 3/ Sd/-| JUDGE| Sd/-|JUDGE|