"Whether On The Facts And In The Circumstanceof The Case, The Tribunal Ts Right In Law Insetting Aside The Levy Of Interest Under Section v. Texasinstrumentsincorporated:(2020)7 Ataxmann.com 75 (Kar).The Aforesaid Submission Couldnot Be Disputed By The Learned Counsel For The Revenue

IN THE HIGH COURT OF KARNATAKA AT BENGALURUDATED THIS THE 16[TH|]DAY OF DECEMBER 27070PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’BLE MR. JUSTICE H.T.NARENDRA PRASADILT.A. NO.722 OF 2017 BETWEEN: 1.|THE COMMISSIONER OF INCOME-TAX INTERNATIONAL TAXATION. 71H FLOOR, BMTC BUILDING 8O FEET ROAD, KORAMANGALA| BENGALURU-560095. 2.|THE DEPUTY COMMISSIONER OF INCOME TAX! INTERNATIONAL TAXATION CIRCLE-1(1), 4TH FLOOR| BMTC BUILDING, 80 FEET ROAD KORAMANGALA, BENGALURU-S560095. .... APPELLANTS (BY SRI. DILIPKUMAR, ADV., FORSRI. K.V. ARAVIND, ADV.,)SRI. K.V. ARAVIND, ADV.,) AND" M/S. IBM SINGAPORE PVT. LTD.,C/O M/S IBM INDIA PVT LTD)NO.12, SUBRAMANYA ARCADEBANNERGHATTA MAIN ROAD BENGALURU-560029PAN:AACCI 291 7B. (BY SRI. T. SURYANARAYANA, ADV.,) .., RESPONDENT THIS I.T.A. IS FILED UNDER SEC. 260-A OF INCOME TAX|ACT 1961, ARISING OUT OF ORDER DATED 04.04.2017 PASSEDIN IT(TP)A NO162/BANG/2016 FOR THE ASSESSMENT YEAR 2011-12, ANNEXURE-D, PRAYING TO: (i) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW,STATED ABOVE. (ii) ALLOW THE APPEAL AND SET ASIDE THE ORDERS.PASSED BY THE INCOME-TAX APPELLATE TRIBUNAL, BENGALURUIN IT(TP)A No.162/BANG/2016 DATED 04.04.2017 ANNEXURE-DCONFIRMING THE ORDER OF THE DRP AND CONFIRM THE ORDER.PASSED BY THE DEPUTY COMMISSIONER OF INCOME TAX,INTERNATIONAL TAXATION, CIRCLE-1(1), BENGALURU & ETC. THIS ILT.A. COMING ON FOR’ HEARING, THIS DAY, |ALOK ARADHE J.,DELIVERED THE FOLLOWING: | JUDGMENT Mr.Dilip Kumar, learned counsel for Mr.K.V.Aravind,|learned counsel for the revenue. Mr.T.Suryanarayana, learned counsel for the assessee. 2. This appeal under Section 260-A of the Income TaxAct, 1961 (hereinafter referred to as ‘the Act’, for short) has|been filed by the revenue. The subject matter of the appealpertains to the Assessment Year 2011-12. Tne appeal wasadmitted by a Bencn of this Court vide order dated|19.11.2018 on the following substantial question of law: "Whether on the facts and in the circumstanceof the case, the Tribunal ts right in law in|setting aside the levy of interest under Section 234B of the Act by following the decision of Hon'ble Delhi High Court in case of Jacobs|Civil Incorporate / Mitsubishi Incorporate|wnicn has been challenged before Apex Courtby Revenue and all tne conditions for sucn|imposition of interest under Section 254B of|the Act are satisfied in case of assessee?” 3. When the matter was taken up today, learnedcounsel for tne assessee submitted tnat tne substantialquestion of law involved in this appeal nas been answered|against the revenue and in favour of the assessee byJuagment of tnis Court in.‘DIRECTOR OF INCOME TAX,INTERNATIONAL TAXATION, BANGALORE Vs. TEXASINSTRUMENTSINCORPORATED:(2020)7 aTAXMANN.COM 75 (KAR).The aforesaid submission couldnot be disputed by the learned counsel for the revenue. 4 For the aforementioned reasons and for the reasons.assigned in the aforesaid decision, the substantial question oflaw framed in this appeal is answered against the revenueand in favour of the assessee. "����������������������������������������������������������������������������������������������� ������������ ����������� $�