Ita/90/2018 Of John Crane Sealing Systems v. Deputy Commissioner Of Income-Tax

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 7 DAY OF APRIL, 2021 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND THE HON’BLE MR. JUSTICE M.G.S. KAMAL I.T.A. NO.90/2018 BETWEEN: JOHN CRANE SEALING SYSTEMS INDIA P. LTD. PRESENTLY AT NO.11, I PHASE, PEENYA INDUSTRIAL AREA BANGALORE-560 058 REPRESENTED HEREIN BY ITS FINANCE DIRECTOR MR. AMOL.S.DEORUKHKAR (PREVIOUSLY AT 1, GROUND FLOOR, 'CASA BLANCA', 6, CASA MAJOR ROAD, EGMORE, CHENNAI-600 008) PAN NO. ...APPELLANT (BY MS.MAHIMA GOUD, ADVOCATE FOR SRI T.SURYANARAYANA, ADVOCATE) AND: 1. DEPUTY COMMISSIONER OF INCOME-TAX COMPANY CIRCLE -2(2) ROOM NO.512, 5 FLOOR, WANAPARTHY BLOCK, 121 UTHAMAR GANDHI ROAD, NUNGAMBAKKAM CHENNAI-600 034 2. ASSISTANT COMMISSIONER OF INCOME TAX-CIRCLE 4(1)(1) 2 FLOOR, BMTC BUILDING KORAMANGALA, 6 BLOCK BANGALORE-560 095 3. PRINCPAL COMMISSIONER OF INCOME TAX-4 5 FLOOR, BMTC BUILDING, KORAMANGALA, 6 BLOCK BANGALORE-560 095. …RESPONDENTS (BY SRI DILEEP KUMAR, ADVOCATE FOR SRI K.V.ARAVIND, ADVOCATE) THIS ITA IS FILED UNDER SECTION 260-A OF INCOME TAX APPEAL ACT 1961, ARISING OUT OF ORDER DATED:15/09/2017 PASSED IN ITA NOS.621 AND 785/MDS/2016 (ANNEXURE-G), FOR THE ASSESSMENT YEAR 2011-2012 PRAYING (i) TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW AS STATED ABOVE (ii) TO ALLOW THE APPEAL AND SET ASIDE THE ORDER OF THE TRIBUNAL, DATED:15/09/2017 IN ITA NOS.621 AND 785/MDS/2016 (ANNEXURE-G) TO THE EXTENT QUESTIONED HEREIN AND (iii) PASS SUCH OTHER OR SUITABLE ORDERS AS THIS HON'BLE COURT DEEMS FIT TO PASS ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE AND IN THE INTEREST OF JUSTICE AND EQUITY. THIS ITA COMING ON FOR ORDERS, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING: JUDGMENT Ms. Mahima Goud, learned counsel for Shri T. Suryanarayana, 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. The aforesaid memo is taken on record. For the reasons assigned in the memo, the appeal is dismissed as withdrawn with the liberty to revive the same, in case occasion so arises. Sd/- JUDGE Sd/- JUDGE