Ita/218/2015 Of The Commissioner Of Income-Tax v. M/S Hical Technologies Pvt. Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 10 DAY OF AUGUST, 2015. PRESENT THE HON'BLE MR. JUSTICE VINEET SARAN AND| THE HON’BLE MR. JUSTICE B.MANOHAR- ITA NO.218 /201 BETWEHR 1.THR COMMISSIONER OF INCOME-TAX C.R.BUILDING, QUEENS ROAD, BANGALORE. 2.THER DBPUTY COMMISSIONER OFINCOME-TAX, CIRCLE-11(4)INCOME-TAX, CIRCLE-11(4) RASHTROTHANA BHAVAN, NRUPATHUNGA ROAD,BANGALORE-560 001.|BANGALORE-560 001.| .. APPELLANTS (BY SRILK.V.ARAVIND, ADV. A/W SRI E.LSANMATHI, ADV.,, ) AND M/S.HICAL TECHNOLOGIES PVT. LTD.,460 & 47, ELECTRONIC CITYPHASE IT, HOSUR ROAD,BANGALORE. RESPONDENT THIS ITA IS FILED UNDER SKC.260-A OF INCOME TAX.ACT 1961, ARISING OUT OF ORDER DATED: 14.11.2014 PASSED IN ITA NO.1579/BANG/2013, FOR THE ASSESSMENT YEAR 2006-07|WITH A PRAYER TO: I.FORMULATE THE SUBSTANTIAL QUESTIONSOF LAW STATED ABOVE;OF LAW STATED ABOVE; II.ALLOW THER APPBAIL AND SBT ASIDE THORDER PASSED BY THE ITAT, BANGALOREIN ITA NO.1579/BANG/2013 DATED 14.11.2014CONFIRMINGTHEORDER.QO)THEAPPELLATE COMMISSIONER AND CONFIRMTHR ORDER PASSED BY THR DEBPUTYCOMMISSIONER OF INCOME TAX, CIRCLE-11(4), BANGALORE. THISITA!COMING.ONFORADMISSIONTHISDAY,VINFET SARANwhDELIVERED THER FOLLOWING: JUDGMENT The question involved in this appeal 1s covered by the)decision of this Court in the case ofCommissioner of Income Tax -vs- Yokogawa India Ltd., (341 ITR 385).In the lightof the aforesaid judgment, this appeal stands|dismissed. oDHowever, it is submitted by learned Counsel for theappellants that against the judgment of this Court, an appeal isfiled to the Apex Court and is pending consideration. oDHowever, it is submitted by learned Counsel for the 2.In the event of the Apex Court reversing the judgement of this Court, the assessing authority shall passconsequential orders in terms of Section 260(1A) of the Income Tax Act, 1961, in conformity with the outcome of the appealbefore the Supreme Court. TL Sd/-JUDGE) Sd/-JUDGE