Ita/684/2016 Of M/S Mahalakshmi Co-Operative Bank Ltd v. Deputy Commissioner Of Income Tax

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 26 DAY OF MARCH, 2021 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND THE HON’BLE MR. JUSTICE M.G.S. KAMAL BETWEEN: I.T.A. NO.684 OF 2016 M/S. MAHALAKSHMI CO-OPERATIVE BANK LTD. REP. BY ITS GENERAL MANAGER, SRI RAMAPPA B. KUNDAR, HO, I FLOOR, SHIVA KRUPA BUILDING, WEST BLOCK, MARUTHI VEETHIKA UDUPI-576 101. (BY SRI M.LAVA, ADVOCATE) ...APPELLANT AND: DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 AAYAKAR BHAVAN, ADIUDUPI, MALPE ROAD, UDUPI-576 103. (BY SRI DILEEP KUMAR, ADVOCATE FOR SRI K.V. ARAVIND, ADVOCATE) …RESPONDENT THIS ITA IS FILED UNDER SECTION 260-A OF INCOME TAX APPEAL ACT 1961, PRAYING (i) TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW AS STATED ABOVE AND ANSWER THE SAME IN FAVOR OF THE APPELLANT (ii) TO ALLOW THE APPEAL AND SET ASIDE THE FINDINGS, TO THE EXTENT AGAINST THE APPELLANT, IN THE ORDER PASSED BY THE ITAT, BENGALURU IN ITA NO.266/BANG/2013 DATED:26/8/2016 RELATING TO ASSESSMENT YEAR 2007-08 AND ETC., THIS ITA COMING ON FOR HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING: JUDGMENT Shri M.Lava, learned counsel for the assessee. Shri Dileep Kumar, learned counsel for Shri K.V.Aravind, learned counsel for the revenue. Learned counsel for the assessee has filed a memo seeking leave of this Court to withdraw the appeal on the ground that the dispute has been settled under the 'Vivad se Vishwas' Scheme. The aforesaid memo is taken on record. In the result, the appeal is dismissed as withdrawn with the liberty to revive the same, in case occasion so arises. Sd/- JUDGE Sd/- JUDGE