Ita/391/2018 Of M/S Archidply Industries Limited v. The Deputy Commissioner Of Income Tax
High Court
15 Jul 2021 In favour of: Revenue
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/391/2018 Of M/S Archidply Industries Limited v. The Deputy Commissioner Of Income Tax
Date of order
15 Jul 2021
Assessment year(s)
2011-2012
Outcome
Dismissed
Case summary
In Ita/391/2018 Of M/S Archidply Industries Limited v. The Deputy Commissioner Of Income Tax, the High Court (2021) dismissed the appeal. The decision went in favour of the Revenue.
Decision: Accordingly, the appeal stands dismissed as withdrawn with a liberty to the appellant to approach this Court in case need so arises in future.
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 15 DAY OF JULY, 2021
PRESENT
THE HON'BLE MR. JUSTICE SATISH CHANDRA SHARMA
AND
THE HON'BLE MR. JUSTICE NATARAJ RANGASWAMY
ITA NO.391/2018
BETWEEN
M/S ARCHIDPLY INDUSTRIES LIMITEDREP BY ITS COMPANY SECRETARY SRI RAJNEESH SHARMA # 29/2, G K MANOR , 1ST FLOOR, NEHRU CIRCLE, SHESHADRIPURAM BENGALURU - 560020 PAN NO:
...APPELLANT
(By SRI : M LAVA, ADVOCATE)
AND
THE DEPUTY COMMISSIONER OF INCOME TAXCIRCLE -11(1) BMTC BUILDING 80 FEET ROAD, 6TH BLOCK, KORAMANGALA BENGALURU - 560095
(By SRI : K.V.ARAVIND, ADVOCATE)
…RESPONDENT
THIS ITA IS FILED UNDER SEC.260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 31.01.2018 PASSED IN ITA NO. 1151/BANG/2017, FOR THE ASSESSMENT YEAR 2011-2012 , PRAYING TO A) TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW AS STATED AND ANSWER THE SAME IN FAVOUR OF THE APPELLANT. B) TO ALLOW THE APPEAL AND SET ASIDE THE
FINDINGS TO THE EXTENT AGAINST THE APPELLANT IN THE ORDER PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, BENGALURU BENCH 'B' BENGALURU IN ITA NO. 1151/BANG/2017 DATED 31.01.2018 FOR THE ASSESSMENT YEAR 2011-2012 AND ETC.,
THIS ITA IS COMING ON FOR HEARING THIS DAY, SATISH CHANDRA SHARMA J., DELIVERED THE FOLLOWING:
JUDGMENT
A memo has been filed by the learned counsel for the appellant for withdrawal of the appeal as the assessee has approached the Income Tax Department under Vivad Se Vishwas Scheme.
The memo is accepted. Accordingly, the appeal stands dismissed as withdrawn with a liberty to the appellant to approach this Court in case need so arises in future.
Sd/- JUDGE
Sd/- JUDGE
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