Ita/691/2017 Of The Pr Commissioner Of Income Tax v. M/S Bank Note Paper Mill India Pvt Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 13 DAY OF MARCH, 2018 PRESENT THE HON'BLE MR. JUSTICE B.S. PATIL. AND THE HON’BLE MR. JUSTICE S. SUNIL DUTT YADAV| 1L.T.A. No.691 of 2017 BETWEEN 1.THE Pr. COMMISSIONER OF INCOME TAX CIT(A),5 FLOOR, BMTC BUILDING,8O FEET ROAD, KORMANGALA,BENGALURU-560095.5 FLOOR, BMTC BUILDING,8O FEET ROAD, KORMANGALA,BENGALURU-560095. 2.THE INCOME TAX OFFICER|WARD-1(1)(3),2 FLOOR, BMTC BUILDING,8O FEET ROAD, KORMANGALA,BENGALURU-560095. ... APPELLANTS| (BY SRI K V ARAVIND, ADVOCATE) AND: M/s. BANK NOTE PAPER MILL INDIA PVT. LTD.,I FLOOR, SR COMPLEX, NO.2, | TAVARAKERE MAIN ROAD, | SG PALY, DRC POST,BENGALURU-560029.PAN: AAECB 327245.. RESPONDENT(BY Ms. JINITA CHATTERJEE, ADVOCATE FORSRI S PARTHASARATHI, ADVOCATE) THIS ITA IS FILED UNDER SECTION 2J60-A OF INCOME TAXACT 1961, ARISING OUT OF ORDER DATED 17.03.2017 PASSED IN-C.O.No.177/BANG/2015, FOR THE ASSESSMENT YEAR 2011-2012,PRAYINGTHISHON BLECOURTTO]1)|FORMULATE.THE| SUBSTANTIAL QUESTIONS OF LAW ti) ALLOW THE APPEAL AND SETASIDE THE ORDERS PASSED BY THE [INCOME-TAX APPELLATETRIBUNAL,BENGLAURUIN|C.O.No.177/BANG/2015.DATED17.03.2017 AND CONFIRM THE ORDER OF THE APPELLATE.COMMISSIONER CONFIRMING THE ORDER PASSED BY THE INCOMETAX OFFICER, WARD-1(1)(3),BENGALURU. fii) TO PASS SUCHOTHER SUITABLE ORDERS AS THIS HON BLE COURT DEEMS FIT TO.GRANT IN THE FACTS AND CIRCUMSTANCES OF THE CASE IN THE!INTEREST OF JUSTICE AND EQUITY.| THIS ITA COMING ON FOR FURTHER ORDERS, THIS DAY|B.S.PATIL J.,DELIVERED THE FOLLOWING: JUDGMENT There is delay of 20 days in filing this appeal. Learned counsel! for the appellants files a memo stating tnat the appeal may be dismissed as withdrawn. Memo Is placed on record. Appeal is dismissed as withdrawn. In view of dismissal of appeal, I.A.No.2/2017 does not survive for consideration. Sd/-JUDGE Sd/-—JUDGE MV