Case LawHigh Court › Ita/149/2013 Of M/S Sipani Fibres Limite...

Ita/149/2013 Of M/S Sipani Fibres Limited v. The Deputy Commissioner Of Income Tax

High Court 01 Feb 2021 In favour of: Revenue
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/149/2013 Of M/S Sipani Fibres Limited v. The Deputy Commissioner Of Income Tax
Date of order
01 Feb 2021
Assessment year(s)
2006-07
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In Ita/149/2013 Of M/S Sipani Fibres Limited v. The Deputy Commissioner Of Income Tax, the High Court (2021) dismissed the appeal. The decision went in favour of the Revenue.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 1ST DAY OF FEBRUARY 27027 PRESENT| THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’‘’BLE MR. JUSTICE NATARAJ RANGASW A BETWEEN: I1T.A. NO.149 OF 2013 M/S. SIPANI FIBRES LIMITEDREP. BY SHRI. RAJKUMAR SIPANL|MANAGING DIRECTORNO.309, II] FLOOR, RAHEJA ARCADEKORAMANGALA, BANGALORE-560095. (BY MR. A. SHANKAR, SR. COUNSEL WITH. MR. S. ANNAMALAI, ADV., FOR| MR. M. LAVA, ADV.,) .... APPELLAN/ AND* THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-12(3), R.P. BHAVAN NRUPATUNGA ROAD, BANGALORE-S60001.— (BY MR. E.I. SANMATHI, ADV.,)— .., RESPONDENT THIS I.T.A. IS FILED UNDER SEC. 260-A OF INCOME TAX|ACT 1961, ARISING OUT OF ORDER DATED 09.11.2012 PASSEDIN ITA NO.979 & 980/BANG/2011 FOR THE ASSESSMENT YEAR2006-07, PRAYING TO: (i) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW,STATED THEREIN. | (ii) ALLOW THE APPEAL AND SET ASIDE THE ORDER DATED.09-11-2012 PASSED BY THE ITAT, BANGALORE A’- BENCH,BANGALORE IN ITA NO.979 & 980/BANG/2011.| THIS I.7T.A. COMING ON FOR’ HEARING, THIS’ DAY, | ALOK ARADHE J.,DELIVERED THE FOLLOWING: | JUDGMENT Mr.A.Snankar, jiearnecSenior.counsel]for| Mr.S.Annamalali, learned counsel for the assessee. Mr.E.I.Sanmathi, learned counsel for the revenue. Learned counsel for tne assessee nas filed a memo'seeking leave of this Court to withdraw the appeal. Theaforesaid memo is taken on record. 2. For the reasons assigned in the memo, the appeal is_ dismissed as withdrawn with liberty to the assessee to revivetne same if occasion so arises. Sd/-JUDGE Sd/-JUDGE RV
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