Ita/157/2007 Of The Commissioner Of Income Tax v. M/S Intel Technology India Pvt Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 31 DAY OF MAY 2021 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND THE HON’BLE MR. JUSTICE HEMANT CHANDANGOUDAR BETWEEN: I.T.A. NO.157 OF 2007 1. THE COMMISSIONER OF INCOME-TAX INTERNATIONAL TAXATION, RASTROTHANA BUILDING, NRUPATHUNGA ROAD, BANGALORE. 2. THE INCOME-TAX OFFICER INTERNATIONAL TAXATION, WARD-19(1), RASTROTHANA BUILDING, NRUPATHUNGA ROAD, BANGALORE. ... APPELLANTS (BY SRI K.V. ARAVIND, ADVOCATE) AND: M/S INTEL TECHNOLOGY INDIA PVT. LTD., NO.136, AIRPORT ROAD, BANGALORE-17. ... RESPONDENT (BY SRI T. SURYANARAYANA, ADVOCATE A/W MS. MANASA, ADVOCATE) THIS I.T.A. IS FILED UNDER SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 26.04.2006 PASSED IN ITA NO.972/BANG/2004 FOR THE ASSESSMENT YEARS 2003-04, PRAYING TO: (i) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED THEREIN. (ii) ALLOW THE APPEAL AND SET ASIDE THE ORDER PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, BANGALORE, IN ITA NO.972/BANG/2004 DATED 26.04.2006 AND CONFIRM THE ORDER PASSED BY THE APPELLATE COMMISSIONER CONFIRMING THE ORDER PASSED BY THE INCOME TAX OFFICER, INTERNATIONAL WARD-19(1), BANGALORE, IN THE INTEREST OF JUSTICE AND EQUITY. TAXATION, THIS I.T.A. COMING ON FOR HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING: JUDGMENT Mr. K.V. Aravind, learned counsel for the Revenue. Mr. T. Suryanarayana, learned counsel for the assessee. 2. The learned counsel for the assessee submits that the assessee has availed the benefit of “Vivad Se Vishwas’ scheme and along with the memo, true copy of Form-3 has been produced. It is therefore submitted that the appeal may be disposed of. 3. In view of the aforesaid submission, the learned counsel for the revenue seeks leave of this Court to withdraw the appeal with a liberty to revive the same if occasion so arises. 4. In view of the aforesaid submission, the appeal is disposed of in terms of the liberty as prayed for. Sd/- JUDGE Sd/- JUDGE HR