Ita/719/2019 Of The Commissioner Of Income Tax v. M/S Mangalore Reginery And Petrochemicals Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 27 DAY OF DECEMBER, 2020 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’BLE MR. JUSTICE H.T.NARENDRA PRASADILT.A. NO.719 OF 2019 BETWEEN: 1.|THE COMMISSIONER OF INCOME-TAX INTERNATIONAL TAXATION, 4TH FLOOR, BMTC BUILDING 80 FEET ROAD, KORMANGALA BENGALURU-560095. 2.|THE DEPUTY COMMISSIONER OF INCOME-TAX. INTERNATIONAL TAXATION, CIRCLE-2(2), 4TH FLOOR| BMTC BUILDING, 80 FEET ROAD. KORMANGALA, BENGALURU-560095. _.. APPELLANTS. (BY Mr. K.V. ARAVIND, ADV.,). AND: M/S. MANGALORE REFINERY ANDPETROCHEMICALS LID.,KUTHETHOOR, P.O. VIA.KATIPALLA, MANGALURU-575030. RESPONDENT (BY Mr. VENKATESH ARABATTI, ADV.,) THIS I.7T.A. IS FILED UNDER SECTION J260-A OI.T.ACT, 1961, ARISING OUT OF ORDER DATED)06.02.2019 PASSED IN IT(IT)A No.1754/BANG/201/7,FOR THE ASSESSMENT YEAR 2015-2016, PRAYING TOFORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE. ALLOW THE APPEAL AND SET ASIDE|THE ORDERS PASSED BY THE INCOME-TAX APPELLATE|TRIBUNAL, BENGALURU IN IT(IT)A No.1754/BANG/2017|DATED 06.02.7019 FOR ASSESSMENT YEAR 2015-2016|ANNEXURE-C_CONFIRMINGTHE|ORDER.OF|THEAPPELLATE COMMISSIONER AND CONFIRM THE ORDER.PASSED BY THE DEPUTY COMMISSIONER OF INCOME|TAX,INTERNATIONAL|TAXATION, CIRCLE-2(2),.BENGALURU &® ETC. THIS I.T.A. COMING ON FOR FINAL HEARING,|THIS.DAY,ALOKARADHE|J.,DELIVEREDTHEFOLLOWING: JUDGMENT Mr.K.V.Aravind, learned counsel for the revenue. Mr.Venkatesh Arabatti, learned counsel for the)aSSeSSAE., 2 |Learned counsel for the revenue has filed amemo seeking leave of this Court to withdraw theappeal. 3.Learned counsel for the revenue submits thatduring the pendency of this appeal, the assessee haspreferred an application under ‘Vivad se _ VishwasScheme, which has been entertained and on account ofpendency of the appeal, the application submitted bythe assessee could not be processed further. He,therefore, seeks leave of this Court to withdraw theappeal with liberty to revive the same as and whenoccasion so arise. | 4Tne memo is taken on record. 5.|In view of the aforesaid submissions, theappeal is disposed of in terms of liberty as prayed. qn/-|CT-HR. Sd/-JUDGE Sd/-'|JUDGE|