Case LawHigh Court › Ita/421/2016 Of M/S Panchajanya Chits Pv...

Ita/421/2016 Of M/S Panchajanya Chits Pvt Ltd v. Deputy Commissioner Of Income Tax

High Court 19 Apr 2021 In favour of: Revenue
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/421/2016 Of M/S Panchajanya Chits Pvt Ltd v. Deputy Commissioner Of Income Tax
Date of order
19 Apr 2021
Assessment year(s)
2009-10
Outcome
Dismissed

Case summary

In Ita/421/2016 Of M/S Panchajanya Chits Pvt Ltd v. Deputy Commissioner Of Income Tax, the High Court (2021) dismissed the appeal. The decision went in favour of the Revenue.

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 BENGALURUDATED THIS THE 19TH DAY OF APRIL 20271 PRESENT| THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’/BLE MR. JUSTICE M.G.S. KAMAL BETWEEN: ILT.A. NO.421 OF 2016 M/S. PANCHAJANYA CHITS PVT. LTD.,NO.344, 1ST FLOORVINAYAKA COMPLEXCHICKPET, BANGALORE-560053PAN: AACCP55506H REPRESENTED BY ITS.MANAGING DIRECTOR AND|AUTHORIZED SIGNATORY HOLDER|MR. PRASHANTH R. DHONDALE|AGED ABOUT 40 YEARS|S/O D. RAMACHANDRASA. (BY MR. SHIVAPRASAD E, ADV.,) — ADPELLANT AND" DEPUTY COMMISSIONER OF INCOME TAXCIRCLE-12(2), NO.14/3, 4TH FLOORRASTROTHANA BHAVANOPP. RBI, NRRUPATHUNGA ROADBANGALORE. (BY MR. K.V. ARAVIND, ADV.,) .., RESPONDENT THIS I.T.A. IS FILED UNDER SEC.2Z60-A OF INCOME TAXACT 1961, ARISING OUT OF ORDER DATED 11.5.2016 PASSED IN- ITA 393/BANG/2013 FOR THE ASSESSMENT YEAR 2009-10,PRAYING TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAWAS STATED ABOVE OR FRAME SUCH OTHER QUESTIONS AS THIS—HON'BLE COURT DEEMS IT FIT. CALL FOR THE ENTIRE LOWER|COURT/APPELLATE TRIBUNAL/APPELLATE AUTHORITY/ASSESSINGOFFICER RECORDS PERTAINING TO THE ASSESSMENT ORDER.DATED 26.12.2011 FOR THE ASSESSMENT YEAR 2009-10,PERTAINING)TO]THE|APPELLAN [COMPANYBEARINGPANNO.AACCP556H, FROM THE RESPONDENT NO.OL AUTHORITY &ETC. THIS|I.7T.A. COMING ONFORORDERS,THISDAY, |ALOK ARADHE J.,DELIVERED THE FOLLOWING: | JUDGMENT Mr.Shivaprasad E., learned counsel for the appellant.has filed a memo seeking leave of this Court to withdraw theappeal. Tne aforesaid 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 For the reasons assigned in the memo, the appeal is_ dismissed as withdrawn with liberty to the assessee to revivethe same if occasion so arises. Sd/-JUDGE Sd/-JUDGE
Facing a similar income-tax issue?
Our CA-led litigation team handles notices, scrutiny, penalties and appeals (CIT(A) & ITAT) end-to-end.
✅ File an income-tax appeal (CIT(A)/ITAT) → 💬 Ask our CA
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation. Full disclaimer & Terms.
Contact Careers Media / Press · Privacy Terms Refund Cancellation Cookies Disclaimer
© 2026 EaseValue Advisors LLP · LLPIN ACN-4920 · Jaipur, Rajasthan