Ita/25/2019 Of M/S Arya Vysya Sri Kannika v. The Income Tax Officer
High Court
19 Feb 2021 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/25/2019 Of M/S Arya Vysya Sri Kannika v. The Income Tax Officer
Date of order
19 Feb 2021
Assessment year(s)
2014-15
Outcome
Allowed
Case summary
In Ita/25/2019 Of M/S Arya Vysya Sri Kannika v. The Income Tax Officer, the High Court (2021) allowed the appeal. The decision went in favour of the assessee.
Decision: Tne appeal is dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
IN THE HIGH COURT OF KARNATAKA, BENGALURUDATED THIS THE 19 DAY OF FEBRUARY, 2021.
PRESENT
THE HON'BLE MR. JUSTICE SATISH CHANDRA SHARMA|
AND
THE HON'BLE MR. JUSTICE V.SRISHANANDA|
L.T.A. NO.25/2019
BETWEEN:
M/S.ARYA VYSYA SRI.KANNIKAPARAMESHWARI CO-OPERATIVESOCIETY LIMITED,REP. BY ITS PRESIDENT,T.G.RAMAKANTH,|HULIYAR,CHIKKANAYAKANAHALLI TALUK,|TIPTUR-5/2 218.
APPELLAN I]
(BY SRI M.LAVA, ADVOCATE)
AND:
THE INCOME TAX OFFICER,WARD-1, JAYADEVA COMPLEX, RAILWAY STATION ROAD,TIPTUR-5/2 JZOL1
.. RESPONDENT
THIS APPEAL IS FILED UNDER SECTION 260-A OF THE!INCOME TAX ACT 1961, PRAYING TO (1) FORMULATE THESUBSTANTIAL QUESTION OF LAW AS STATED ABOVE AND ANSWERTHE SAME IN FAVOUR OF THE APPELLANT AND TO ALLOW THEAPPEAL (2) SET ASIDE THE FINDINGS TO THE EXTENT AGAINST|THE APPELLANT IN THE ORDER PASSED BY THE INCOME TAX)
APPELLATE TRIBUNAL, ‘SMC-C’ BENCH, BANGALORE IN ITANO.2219/BANG/2018 DT.07.09.2018 FOR THE ASSESSMENT YEAR2014-15 (ANNEXURE-A) (3) PASS SUCH OTHER SUITABLE ORDERSAS THIS HON BLE COURT DEEMS FIT TO GRANT ON THE FACTSAND CIRCUMSTANCES OF THE CASE IN THE INTEREST OF JUSTICEAND EQUITY.
THIS APPEAL COMING ON FOR ORDERS THIS DAY,SATISHCHANDRA SHARMA J.,DELIVERED THE FOLLOWING:
JUDGMENT
Learned counsel for the appellant has filed a Memo for.
witndrawal of the appeal.
The same is allowed. Tne appeal is dismissed as
withdrawn.
The Memo be placed on record. Liberty is also granted.
to file a fresh appeal, in case need so arise in future.
Sd/-.
JUDGE
Sd/-.
JUDGE.
Dnv*~
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