Ita/192/2011 Of M/S. Aadhar Housing Finance Ltd v. The Assistant Commissioner Of Income-Tax

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 17 DAY OF FEBRUARY, 2021 PRESENT THE HON’BLE MR.JUSTICE ALOK ARADHE AND THE HON’BLE MR.JUSTICE NATARAJ RANGASWAMY I.T.A. NO.192 OF 2011 BETWEEN: M/S AADHAR HOUSING FINANCE LIMITED REP. BY ITS MANAGING DIRECTOR SRI. DEO SHANKAR TRIPATHI NO.3, 8 ‘A’ MAIN ROAD, JVT TOWERS, HUDSON CIRCLE, BEHIND PUNJAB NATIONAL BANK, SAMPANGIRAMNAGAR, BANGALORE-560027. Amended as per court order dated 18.06.2020. ...APPELLANT (BY SRI. S.ANNAMALAI, ADVOCATE FOR SRI. M.LAVA, ADVOCATE) AND: THE ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-11 (1), R.P.BHAVAN, OPP. RBI, NO.14/3, 5 FLOOR, NRUPATHUNGA ROAD, BANGALORE-560001. …RESPONDENT (BY SRI. E.I.SANMATHI, ADVOCATE FOR SRI. K.V.ARAVIND, ADVOCATE) THIS APPEAL IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT, 1961 ARISING OUT OF ORDER DATED 08.02.2011 PASSED IN ITA NO.376/(BANG)/2010, FOR THE ASSESSMENT YEAR 2005-2006 PRAYING TO; (a) FORMULATE SUBSTANTIAL QUESTION OF LAW AS 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 APPELLANT IN THE ORDER PASSED BY THE TRIBUNAL IN ITA NO.376/(BANG)/2010 DATED 08.02.2011 IN THE INTEREST OF JUSTICE AND EQUITY. THIS APPEAL COMING ON FOR HEARING THIS DAY, ALOK ARADHE, J., DELIVERED THE FOLLOWING: JUDGMENT Mr.S.Annamalai, learned counsel for Mr.M.Lava, learned counsel for the assessee. Mr.E.I.Sanmathi, learned counsel for Mr.K.V.Aravind, learned counsel for the revenue. Learned counsel for the assessee has filed a memo seeking leave of this Court to withdraw the appeal. 2. The aforesaid memo is taken on record. For the reasons assigned in the memo, the appeal is dismissed as withdrawn with liberty to revive the same in case the occasion so arises. Sd/- JUDGE Sd/- JUDGE GH