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Ita/30/2011 Of The Commissioner Of Income Tax v. M/S Texas Instruments ( India ) Pvt., Ltd

High Court 02 Feb 2021 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/30/2011 Of The Commissioner Of Income Tax v. M/S Texas Instruments ( India ) Pvt., Ltd
Date of order
02 Feb 2021
Assessment year(s)
2003-04
Outcome
Dismissed

Case summary

In Ita/30/2011 Of The Commissioner Of Income Tax v. M/S Texas Instruments ( India ) Pvt., Ltd, the High Court (2021) dismissed the appeal. The decision went in favour of the assessee.

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 AT BENGALURU DATED THIS THE J2JND DAY OF FEBRUARY 270PRESENT| THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’BLE MR. JUSTICE NATARAJ RANGASW AMYLT.A. NO.30 OF 2011 BETWEEN: 1.|THE COMMISSIONER OF INCOME-TAX LTU, JSS TOWERS BSK III STAGE, BANGALORE. 2.|THE ASST. COMMISSIONER OF INCOME-TAX CIRCLE-12(3), C.R. BUILDING QUEENS ROAD, BANGALORE. _... APPELLANTS (BY MR. K.V. ARAVIND, ADV.,) AND* M/S. TEXAS INSTRUMENTS (INDIA) PVT., LTD.,BAGAMANE TECHNOLOGIES PARKC.V. RAMAN NAGAR| BANGALORE-560093. (BY MS. MAHIMA GOUD, ADV., FOR) MR. T. SURYANARAYANA, ADV.,) .., RESPONDENT THIS I.T.A. IS FILED UNDER SEC. J6O0-A OF INCOME TAXACT 1961, ARISING OUT OF ORDER DATED 09.09.2010 PASSEDIN ITA NO.381/BANG/2010 FOR THE ASSESSMENT YEAR 2003-04,PRAYING TQ: | (i) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW AS.STATED THEREIN.» (ii) ALLOW THE APPEAL AND SET ASIDE THE ORDERS.PASSED BY THE ITAT, BANGALORE IN ITA NO.381/BANG/2010DATED QO9-09-20O0LO CONFIRMING THE ORDER OF THE APPELLACOMMISSINONER AND CONFIRM THE ORDER PASSED BY THE.ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-12(3),_BANGALORE IN THE INTEREST OF JUSTICE AND EQUITY. THIS|1LT.A. COMING ONFORORDERS,THISDAY,ALOK ARADHE J.,DELIVERED THE FOLLOWING: | JUDGMENT Mr.Dilip Kumar, learned counsel for Mr.K.V.Aravind,|jearned counsel for the revenue. Smt.Mahima Goud, learned counsel for the assessee. Learned counsel for the assessee has filed a memo'seeking leave of this Court to withdraw the appeal. Theaforesaid memo is taken on record. 2. For the reasons assigned in the memo, the appeal is_dismissed as withdrawn with liberty to the assessee to revive the same if occasion so arises. Sd/-JUDGE RV Sd/-JUDGE
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