Ita/416/2015 Of M/S. Jeans Knit Pvt Ltd v. The Asst Commissioner Of Income-Tax

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 19 DAY OF OCTOBER 272020 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’BLE MR. JUSTICE H.T.NARENDRA PRASADLT.A.§NC.416 OF 2015 BETWEEN: M/S JEANS KNIT PVT. LTD.,{A PRIVATE COMPANY LIMITED BY SHARES,INCORPORATED UNDER THE COMPANIES ACT, 1956]|HAVING ITS OFFICE AT.NO.21, E1, 2ND PHASE|PEENYA INDUSTRIAL AREA |BANGALORE - 560 Q58. ... APPELLAN I (BY Mr. T. SURYANARAYANA RAO, ADV.,) AND* THE ASST. COMMISSIONER OF INCOME-TAXCIRCLE-11(5), BANGALORE. (BY Mr. K.V. ARAVIND, ADV.) .., RESPONDENT THIS ITA IS FILED UNDER SECTION 260-A OF I.T. ACT,|1961L ARISING OUT OF ORDER DATED 17.04.20L5 PASSED IN ITANO.1382/BANG/2012 FOR THE ASSESSMENT YEAR 2007-08,PRAYING THAT THIS HON’ BLE COURT MAY BE PLEASED TO:(1) ADMIT THE INSTANT|APPEAL TO ANSWER THESUBSTANTIAL QUESTIONS OF LAW SET OUT IN PARA 22 ABOVE.(II) SET ASIDE THE IMPUGNED ORDER AT ANNEXURE A.PASSED BY THE ITAT TO THE EXTENT DISMISSING ITA. NO.1382/BANG/2012 FOR ASSESSMENT YEAR 2007-08 AS FILEDBY THE APPELLANT -ASSESSEE BEFORE THE TRIBUNAL & ETC., THIS|ITACOMING|ONFOR.HEARING,THISDAY, |ALOK ARADHE J.,DELIVERED THE FOLLOWING: | JUDGMENT This appeal under Section 260A of the Income TaxAct, 1961 (hereinafter referred to as the Act for short)has been preferred by the revenue. The subject matter| of the appeal pertains to the Assessment year 2007-08. The appeal was admitted by a bench of this Court videorder dated 21.01.2019 on the following substantial|questions of law:| (i) Whether on the facts and circumstancesof the case, Tribunal erred in dismissing the|appeal filed by Appellant holding the issues to.be academic? (il)Whether the Tribunal erred in notdeciding all the grounds raised in Appeal on.meritsby consideringmaterialandSUDMISSIONS On record? 2 |For the reasons assigned by us in the.judgmentpassed.today|In|I.T.A.Nos.559/2015,571/2016 and 5800/2016, the questions involved in theseappeals are rendered academic. Therefore, the appeal is.dismissed. Sd/-JUDGE. SS| Sd/-.JUDGE.