Ita/405/2023 Of Sri. P Harshavardhana Reddy v. The Assistant Director Of Income Tax

Digitally signed byLAKSHMINARAYANNLocation: HighCourt of Karnataka NC: 2025:KHC:5383-DB IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 6 DAY OF FEBRUARY, 2025 PRESENT THE HON'BLE MR JUSTICE KRISHNA S DIXIT AND THE HON'BLE MR JUSTICE G BASAVARAJA INCOME TAX APPEAL NO.405 OF 2023 BETWEEN: SRI. P HARSHAVARDHANA REDDY S/O P JANARDHAN REDDY AGED ABOUT 48 YEARS NO 401/4, 14 MAIN VENKATESHWARA LAYOUT, MADIWALA, BENGALURU - 560 068 KARNATAKA. …APPELLANT (BY SRI. ANNAMALAI .S, ADVOCATE) AND: THE ASSISTANT DIRECTOR OF INCOME TAX, CENTRAL PROCESSING CENTER, INCOME TAX DEPARTMENT, BENGALURU – 560 500, KARNATAKA …RESPONDENT (BY SRI. E.I. SANMATHI, ADVOCATE) THIS INCOME TAX APPEAL IS FILED UNDER SEC. 260-A OF THE INCOME TAX ACT, 1961, PRAYING THAT THIS HON’BLE COURT MAY BE PLEASED TO: I. TO FORMULATE THE SUBSTANTIAL QUESTION OF LAW STATED ABOVE AND ANSWER THE SAME IS FAVOUR OF THE APPELLANT. II. TO ALLOW THE APPEAL AND SET ASIDE FINDINGS TO THE EXTENT AGAINST THE APPELLANT IN THE ORDER PASSED BY THE INCOME-TAX APPELLATE TRIBUNAL, BANGALORE C BENCH ITA NO. 1016/BANG/2022 (ASSESSEE APPEAL) DATED 17.01.2023 FOR THE ASSESSMENT YEAR 2018-2019 (ANNEXURE-A).III. TO PASS SUCH OTHER ORDERS, AS THIS HON’BLE COURT FIT AND PROPER TO MEET THE ENDS OF JUSTICE AND EQUITY. THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE KRISHNA S DIXIT AND HON'BLE MR JUSTICE G BASAVARAJA ORAL JUDGMENT (PER: HON'BLE MR JUSTICE KRISHNA S DIXIT) The Appellant has filed a memo dated 04.05.2025 seeking leave of the Court to withdraw the Appeal with liberty to revive it in the event his efforts to have the lisresolved does not yield fruit. To this there is no objection from the Senior Panel Counsel representing the Revenue. In view of the above, the Appeal is permitted to be withdrawn and accordingly disposed off with liberty as sought for. Costs made easy. Sd/- (KRISHNA S DIXIT) JUDGE Sd/- (G BASAVARAJA) JUDGE DR List No.: 1 Sl No.: 4