Ita/197/2020 Of Pr.commmissioner Of Income Tax-5 v. M/S Opto Circuits (India) Ltd

Digitally signedby NARAYANAUMALocation: HIGHCOURT OFKARNATAKA IN THE HIGH COURT OF KARNATAKA AT BENGALURUDATED THIS THE 16 DAY OF DECEMBER, 2024 PRESENT| THE HON'BLE MR JUSTICE V KAMESWAR RAO ANDTHE HON'BLE MR JUSTICE S RACHAIAH |INCOME TAX APPEAL NO. 197 OF 2020 BETWEEN: 1PR.COMMMISSIONER OF INCOME TAX-5BNTC COMPLEX, KORAMANGALA, BANGALOREBNTC COMPLEX, KORAMANGALA, BANGALORE 2DTHE DY. COMMISSIONER OF INCOME TAXCIRCLE-5(1)(2), BANGALORE. APPELLANTS| (BY SRI. SANMATHI E I, ADVOCATE) AND: M/S OPTO CIRCUITS (INDIA) LTDC/O H SHIVA PRASAD REDDY, IRS (RETD)N N YUVRAJ, ASSOCIATES, ‘VISION POINT|NO. 23, 3 FLOORPARK ROAD, OFF QUEENS ROADBANGALORE - 560 O51.. RESPONDENT| (V/O DTD 20/02/2023BY SRI. NARENDRA KUMAR JAIN,AMICUS CURIAE) THIS ITA IS FILED UNDER SECTION 2J60-A OF INCOME TAXACT 1961, PAYING TO SET ASIDE THE APPELLATE ORDER DATED|26/02/2020 PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, ‘A’|BENCH, BENGALURU, AS SOUGHT FOR, IN THE RESPONDENT-ASSESSEE'S|CASE,IN|APPEAL|PROCEEDINGSTTA.NO.1044/BANG/2018 (ANNEXURE-'A’) FOR A.Y. 2012-2013. THIS APPEAL, COMING ON FOR FINAL HEARING, THIS DAY,JUDGMENT WAS DELIVERED THEREIN AS UNDER: NC: 2024:KHC:51/753-DITA No. 197 of 2020 CORAM:HON'BLE MR JUSTICE V KAMESWAR RAOandHON'BLE MR JUSTICE S RACHAIAH ORAL JUDGMENT (PER: HON BLE MR JUSTICE V KAMESWAR RAO) Mr.Sanmathi E.I., learned counsel for the appellants|Submits that he has an instruction to state as the tax effect in|this appeal is less than Rupees Two Crores, the appeal is notpressed. The said submission is placed on record. In view of the aforesaid submission, the appeal is’dismissed as not pressed. JS)List No.: 1 S| No.: 5/7 Sd/-|(V KAMESWAR RAO).JUDGE| Sd/-|(S RACHAIARH)JUDGE|