Ita/697/2023 Of Pr. Commissioner Of Income Tax v. M/S Meta Platforms Ireland Ltd

Digitally signedby SHARADAVANI BLocation: HIGHCOURT OFKARNATAKA IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 8 DAY OF JULY, 2024 PRESENT THE HON'BLE MR JUSTICE KRISHNA S DIXIT AND THE HON'BLE MR JUSTICE RAMACHANDRA D. HUDDAR INCOME TAX APPEAL NO. 697 OF 2023 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION) KORMANGALA, BANGALORE. (INTERNATIONAL TAXATION) KORMANGALA, BANGALORE. 2. THE JOINT COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION, CIRCLE 1(1), KORAMANGALA, BANGALORE. …APPELLANTS (BY SRI. SANMATHI E I.,ADVOCATE) AND: M/S META PLATFORMS IRELAND LTD., (FORMERLY KNOWN AS FACEBOOK IRELAND LTD.,) 4 GRAND CANAL SQUARE, GRAND CANAL HARBOUR, DUBLIN 2 D02X25, IRELAND, PAN. …RESPONDENT (BY SRI. KARAN JOSEPH.,ADVOCATE) THIS ITA / INCOME TAX APPEAL UNDER SEC.260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 03/03/2023 PASSED IN IT(IT)A NO.230/BANG/2023, FOR THE ASSESSMENT YEAR 2014-2015. PRAYING TO (1) DECIDE THE FOREGOING QUESTION OF LAW AND / OR SUCH OTHER QUESTIONS OF LAW AS MAY BE FORMULATED BY THE HON’BLE COURT AS DEEMED FIT AND SET ASDIE THE APPELLATE ORDER DATED 03/08/2023 PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, A BENCH, BENGALURU, AS SOUGHT FOR, IN THE RESPONDENT-ASSESSEES CASE, IN APPEAL PROCEEDINGS IN IT(IT)A NO. 230/BANG/2023 FOR A.Y.2014- - 2 - 2015, ANNEXURE –A AND GRANT SUCH OTHER RELIEF AS DEEMED FIT, INTEREST OF JUSTICE. THIS INCOME TAX APPEAL, COMING ON FOR FINAL HEARING, THIS DAY, KRISHNA S DIXIT.J., DELIVERED THE FOLLOWING: JUDGMENT Learned counsel appearing for the Revenue having argued the matter, in all fairness seeks leave of the Court to withdraw the Appeal in the light of Circular No.17/2019. A Memo dated 08/07/2024 has also been filed to the same effect. The same reads as under: “The appellant respectfully prays that this Hon’ble Court to permit appellants to withdraw the above income tax appeal as Tax effect is less than one crore which is less than prescribed limit as stipulated in Circular No.17 of 2019 issued by CBDT dated 8/8/2019 in the interest of justice.” In view of the above, Appeal is disposed off as having been withdrawn in terms of the Memo filed. Sd/- JUDGE Bsv/List No.: 1 Sl No.: 33.3 Sd/- JUDGE