Ita/209/2021 Of The Pr. Commissioner Of Income Tax v. Sree Lakshmi Venkateshwara Transport

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 15 DAY OF NOVEMBER, 2021 PRESENT THE HON’BLE MRS.JUSTICE S.SUJATHA AND THE HON’BLE MR. JUSTICE V.SRISHANANDA I.T.A.No.209/2021 BETWEEN : 1 . THE PR. COMMISSIONER OF INCOME TAX CENTRAL CIRCLE, C.R.BUILDING, QUEEN’S ROAD, BENGALURU-560 001. 2 . THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(1), CENTRAL CIRCLE-2(1), C.R.BUILDING, QUEEN’S ROAD, BENGALURU-560 001. ...APPELLANTS (BY SRI K.V.ARAVIND, ADV.) AND : SREE LAKSHMI VENKATESHWARA TRANSPORT BELLARY ROAD CIRCLE, 21 WARD, HOSPET-583 201, PAN: …RESPONDENT (BY SRI A.SHANKAR, SENIOR COUNSEL FOR SRI S.ANNAMALAI, ADV..) THIS INCOME TAX APPEAL IS FILED UNDER SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 30.09.2020 PASSED IN ITA NO.1813/BANG/2017, FOR THE ASSESSMENT YEAR 2008-2009, PRAYING TO A) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED ABOVE B) ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, BENGALURU, IN ITA NO.1813/BANG/2017 DATED 30.09.2020 FOR ASSESSMENT YEAR 2008-2009 ANNEXURE-C AND CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER CONFIRMING THE ORDER PASSED THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), BENGALURU. THIS APPEAL COMING ON FOR ORDERS, THIS DAY, S. SUJATHA, J., DELIVERED THE FOLLOWING: J U D G M E N T Learned counsel appearing for the appellants has filed a memo seeking leave of the Court to withdraw the appeal, which reads thus; “The Appellant in the above matter respectfully seeks leave of this Hon’ble Court to withdraw the above appeal in view of the monetary limit Circular no.17/2019 dated 08.08.2019, the tax effect in the above appeal for AY 2008-09 is Rs.9,70,235/-. It is further submitted that without prejudice to similar issues pending in ITA 184/2021, 185/2021, 186/2021, 187/2021, 193/2021 and 194/2021 the above appeal may kindly be dismissed in view of Circular no.17/2019 dated 08.08.2019 in the interest of justice and equity.” The memo is placed on record. The appeal stands dismissed as withdrawn. Sd/- JUDGE Sd/- JUDGE