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dismissed as withdrawn with liberty to the assessee to revivethe same if occasion so arises.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
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