Ita/542/2014 Of M L Krupal (Huf) v. The Income-Tax Officer

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 1ST DAY OF FEBRUARY 2071 PRESENT| THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’BLE MR. JUSTICE NATARAJ RANGASW AMYILT.A. NO.542 OF 2014BETWEEN: M.L. KRUPAL (HUF)REP. BY KARTHA OF HUF.SRI. M.L. KRUPAL.AGED ABOUT 52 YEARS.PROP: M/S. ASSOCIATED COFFEEBLV COMPLEX, SOMAWARPET-571236 KODAGU DISTRICT. .... APPELLAN/ (BY MR. A. SHANKAR, SR. COUNSEL WITH.MR. S. ANNAMALAI, ADV., FOR MR. M. LAVA, ADV.,). AND* THE INCOME TAX OFFICER|WARD-1, SRIVALLI BUILDING|CHICKPET, MADIKERI-571201.. (BY MR. K.V. ARAVIND, ADV.,) .., RESPONDENT THIS I.T.A. IS FILED UNDER SEC. J6O0-A OF INCOME TAXACT 1961, ARISING OUT OF ORDER DATED 18.07.2014 PASSEDIN ITA NO.584/BANG/2011 FOR THE ASSESSMENT YEAR 2006-07,PRAYING TQ: | (i) FORMULATE THE SUBSTANTIAL QUESTION OF LAW AS.STATED ABOVE AND ANSWER THE SAME IN FAVOUR OF THE.APPELLAN!. | (ii) ALLOW THE APPEAL AND SET ASIDE THE FINDINGS TO.THE EXTENT AGAINST THE APPELLANT IN THE ORDER PASSED BY.TRIBUNAL, IN ITA NO.584/BANG/2011 DATED 18.07.2014. THIS I.7T.A. COMING ON FOR’ HEARING, THIS’ DAY, |ALOK ARADHE J.,DELIVERED THE FOLLOWING: | JUDGMENT Mr.A.Shankar, learned Senior counsel for Mr.M.Lava,|learned counsel for the assessee. Mr.Dilip Kumar, learned counsel for Mr.K.V.Aravind,|learned counsel for the revenue. Learned counsel for tne assessee nas filed a memo'seeking leave of this Court to withdraw the appeal. Theaforesaid memo is taken on record. 2. For the reasons assigned in the memo, the appeal isdismissed as withdrawn with liberty to the assessee to revivethe same if occasion so arises. Sd/-—JUDGE Sd/-—JUDGE