Ita/390/2018 Of M/S Ghodawat Realty Private Limited v. The Joint Commissioner Of Income Tax (Osd)

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 21 DAY OF APRIL 2021 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’BLE MR. JUSTICE M.G.S. KAMAL| 1LT.A. NO.390 OF 2018 BEI|WEEN M/S. GHODAWAT REALTY PRIVATE LIMITED(FORMERLY KNOWN AS TOPAZ INVESTMENTS PVT LTD)#204, 26TH CROSS, 7TH BLOCK|JAYANAGAR, BENGALURU-560082 PAN: , APPELLANT| (BY MR. NARENDRA SHARMA, ADV., FOR-MR. M. LAVA, ADV.,). AND" THE JOINT COMMISSIONER OF INCOME TAX (OSD) COMPANY CIRCLE, BMTC BUILDING80 FEET ROAD, 6TH BLOCKKORAMANGALA, BENGALURU-560095. ... RESPONDENT (BY MR. DILEEP KUMAR, ADV., FORMR. K.V. ARAVIND, ADV.,) THIS I.T.A. IS FILED UNDER SEC. 260-A OF INCOMETAX ACT 1961, ARISING OUT OF ORDER DATED 15.11.2017|PASSED ITA NO.1687/BANG/2016, FOR THE ASSESSMENTYEAR 2011-2012, VIDE ANNEXURE-A, PRAYING TO (i) FORMULATE THE SUBSTANTIAL QUESTIONS OFLAW STATED ABOVE AND ANSWER THE SAME IN FAVOUR OF|THE APPELLANT. (ii) ALLOW THE APPEAL AND SET ASIDE THE FINDINGSTHEREIN AGAINST THE APPELLANT IN THE ORDER PASSED|BY THE INCOME-TAX APPELLATE TRIBUNAL ~B’ BENCH,BANGALORE IN ITA NO.168/7/BANG/2016 DATED:15.11.201/FOR THE ASSESSMENT YEAR 2011-2012 (ANNEXURE-A). (il)PASS SUCH OTHER ORDERS, AS THIS HON BLECOURT DEEMS FIT AND PROPER TO MEET THE ENDS OF!JUSTICE. THIS I.7T.A. COMING ON FOR HEARING, THIS DAY, |ALOK ARADHE J.,DELIVERED THE FOLLOWING: JUDGMENT Srl.NarendraSharma,learned.counsel|for |Sri. M. Lava, learned counsel for the assessee. Sri. Dileep Kumar, learned counsel for the revenue. Learned counsel for the assessee has filed a memo|seeking leave of tnis Court to withdraw the appeal onthe ground that the matter has been amicably settiedunder ‘Vivad se Vishwas’ scheme. The aforesaid memois placed on record. For the reasons assigned in the memo, the appeal|is disposed of with liberty to the appellant to seekrevival of the same in case of occasion so arises. Sd/-JUDGE Sd/-JUDGE Mds/-