Ita/723/2015 Of M/S Novo Nordisk India Pvt.ltd v. Deputy Commissioner Of Income-Tax

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 11[TH|]DAY OF JANUARY 2071 PRESENT| THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’‘’BLE MR. JUSTICE NATARAJ RANGASW A BETWEEN: ILT.A. NO.723 OF 2O15 M/S. NOVO NORDISK INDIA PVT. LITD.,( A PRIVATE COMPANY LIMITED BY SHARESINCORPORATED UNDER THE COMPANIES ACT, 1956)HAVING ITS OFFICES AT: PLOT NO. 3247-50, EPIP AREA, WHITEFIELDBANGALORE. — ADPELLANT (BY MR. NAGESHWAR RAO, ADV.,) AND" DEPUTY COMMISSIONER OF INCOME-TAX. CIRCLE-5(1)(2), BANGALORE. (BY MR. DILIP KUMAR, ADV.,.MR. K.V. ARAVIND, ADV.,) | ~. RESPONDENT THIS I.T.A. IS FILED UNDER SEC. 260-A OF INCOME TAX|ACT 1961, ARISING OUT OF ORDER DATED 30.07.2015 PASSEDIN IT(TP)A NO.146/BANG/2015 FOR THE ASSESSMENT YEAR.2010-11, ANNEXURE-A PRAYING TO: (i)ADMITTHEINSTANTAPPEAL|TO]ANSWER.THESUBSTANTIAL QUESTIONS OF LAW SET OUT IN PARA 38 ABOVE. (ii) SET ASIDE THE IMPUGNED ORDER OF ANNEXURE-A_PASSED BY THE TITAT IN IT(TP)A NO.146/BANG/2015 FORASSESSMENT YEAR 2010-11, ANNEXURE-A, TO THE EXTENT.CHALLENGED|IN|PRESENTAPPEAL,AND|QUASHANY, PROCEEDINGS INSTITUTED OR CONTEMPLATED PURSUANT TO.SUCH DIRECTIONS ISUED THEREUNDER & ETC. THIS I.7T.A. COMING ON FOR’ HEARING, THIS’ DAY, | ALOK ARADHE J.,DELIVERED THE FOLLOWING: | JUDGMENT Mr.Nageshwar Rao, learned counsel for the appellant. Mr.Dilip Kumar, learned counsel for Mr.K.V.Aravind,|jearned counsel for the revenue. At the outset, learned counsel for the assessee submitstnat the assessee be permitted to withdraw the appeal witnliberty to contest the substantial question of law No.(o) in.subsequent years. 2. Ine aforesaid prayer is not opposed by the learnedcounsel for the revenue. 3. In view of the aforesaid submission, the appeal isdismissed as withdrawn with liberty as aforesaid. Sd/- JUDGE RV Sd/-JUDGE