Case LawHigh Court › Ita/632/2017 Of M/S Panchajanya Chits Pv...

Ita/632/2017 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/632/2017 Of M/S Panchajanya Chits Pvt Ltd v. Deputy Commissioner Of Income Tax
Date of order
19 Apr 2021
Assessment year(s)
Outcome
Dismissed

Case summary

In Ita/632/2017 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: LT.A. NO.632 OF 2017 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), NEW CIRCLE 5(1)(1)NO.14/3, 4TH FLOORRASTROTHANA BHAVANOPP. RBI, NRRUPATHUNGA ROADBANGALORE. (BY MR. T.N.C. SRIDHAR, ADV., FOR|MR. SANMATHI E.I. ADV.,). ~. RESPONDENT THIS I.T.A. IS FILED UNDER SEC.260-A OF INCOME TAX|ACT1961,PRAYING|TO]FORMULATETHESUBSTANTIAL.QUESTIONS OF LAW AS STATED ABOVE OR FRAME SUCH OTHER:QUESTION OR QUESTIONS AS THIS HON'BLE COURT DEEMS IT.FIl.CALLFOR|THE|ENT ILRLOWERCOURT/APPELLATETRIBUNAL/APPELLATE AUTHORITY/ASSESSING OFFICER RECORDSPERTAINING TO THE ASSESSMENT ORDER DATED 22.72.2013 FORTHEASSESSMENTYEAR2010-11,|PERTAINING|TO]THEAPPELLANT COMPANY BEARING PAN NO.AACCP556H, FROM THERESPONDENT NO.OL AUTHORITY & ETC. THIS|I.7T.A. COMING ONFORORDERS,THISALOK ARADHE J.,DELIVERED THE FOLLOWING: | DAY, | 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 For the reasons assigned in the memo, the appeal is_dismissed as withdrawn with liberty to the assessee to revivethe same if occasion so arises.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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