Ita/44/2019 Of Principal Commissioner Of Income Tax - 4 v. M/S. Lsi India Research & Development Pvt Ltd

Digitally signedby SHAKAMBARILocation: HighCourt ofKarnataka IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2 DAY OF APRIL, 2025 PRESENT THE HON'BLE MR JUSTICE KRISHNA S DIXIT AND THE HON'BLE MR JUSTICE RAMACHANDRA D. HUDDAR INCOME TAX APPEAL NO. 44 OF 2019 BETWEEN: 1. PRINCIPAL COMMISSIONER OF INCOME TAX - 4 BMTC COMPLEX, KORAMANGALA BENGALURU 2. THE INCOME TAX OFFICER WARD-11(2), BENGALURU …APPELLANTS (BY SMT. SANMATHI E.I., ADVOCATE) AND: M/S. LSI INDIA RESEARCH & DEVELOPMENT PVT. LTD. (ERSTWHILE LSI RESEARCH (INDIA) PVT. LTD.,) M/S LSI INDIA RESEARCH & DEVELOPMENT P. LTD (ERSTWHILE LSI TECHNOLOGIES INDIA PVT. LTD.,) BLOCK C, GLOBAL TECHNOLOGY PARK MARATHAHALLI, OUTER RING ROAD, DEVARABEESANAHALLI BENGALURU-560103 …RESPONDENT (BY SRI. TANMAYEE RAJKUMAR, ADVOCATE) THIS INCOME TAX APPEAL IS FILED UNDER SEC.260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 07.09.2018 PASSED IN IT(TP)A NO.45/BANG/2014 FOR THE ASSESSMENT YEAR 2009-2010, PRAYING THIS HON'BLE COURT TO A. DECIDE THE FOREGOING QUESTION OF LAW AND/OR SUCH OTHER QUESTIONS OF LAW AS MAY BE - 2 - FORMULATED BY THE HONBLE COURT AS DEEMED FIT. B. SET ASIDE THE APPELLATE ORDER DATED 07.09.2018 PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, 'B' BENCH, BANGALORE, IN APPEAL PROCEEDINGS NO. IT(TP)A NO.45/BANG/2014 FOR THE ASSESSMENT YEAR 2009-2010 AS SOUGHT FOR IN THIS APPEAL AND TO GRANT SUCH OTHER RELIEF AS DEEMED FIT, IN THE INTEREST OF JUSTICE. THIS APPEAL, COMING ON FOR HEARING, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MR JUSTICE KRISHNA S DIXIT and HON'BLE MR JUSTICE RAMACHANDRA D. HUDDAR ORAL JUDGMENT (PER: HON'BLE MR JUSTICE KRISHNA S DIXIT) It is submitted by the learned counsel appearing for the assessee and not much disputed by the panel counsel appearing for the revenue that lis in this appeal has been settled under "Vivad Se Vishwas" Scheme and therefore, the same be accordingly disposed off. Ordered accordingly and appeal is disposed off. Sd/- (KRISHNA S DIXIT) JUDGE Sd/- (RAMACHANDRA D. HUDDAR) JUDGE