Deputy Commissioner of Income Tax, Circle-1(1)(1), Bangalore V. M/s Autodesk India Pvt. Ltd., Bangalore

MA 359/BANG/2018

• Counselvise Citation: [2019] 118 COUNSELVISE.COM (IT) 7205 (ITAT-BANGALORE)
• Duration Of Justice: 2 month(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 14-01-2019
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: A
• Assessment Year: 2010-2011
• Appeal Filed On: 13-11-2018
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: T SURYANARAYANA

Judgement Text

MP.359/BANG/2018 PAGE - 1 IN THE INCOME TAX APPELLATE TRIBUNAL BENGALURU BENCH 'A', BENGALURU BEFORE SHRI. A. K. GARODIA, ACCOUNTANT MEMBER AND SHRI. LALIET KUMAR, JUDICIAL MEMBER MISC.PETITION NO.359/BANG/2018 (IN I.T(TP).A NOS.303 & 322/BANG/2015) (ASSESSMENT YEAR : 2010-11) DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE 1(1)(1), BENGALURU .. APPLICANT V. M/S. AUTODESK INDIA P. LTD, LEVEL-111, A4, A WING, 2 ND FLOOR, DIVYASHREE CHAMBERS, LANGFORD ROAD, BENGALURU 560 025 .. RESPONDENT PAN : AABCA6924B ASSESSEE BY : SHRI. T.SURYANARAYANA, ADVOCATE REVENUE BY : SHRI. VIKAS M. SURYAVANSHI, ADDL. CIT HEARD ON : 11.01.2019 PRONOUNCED ON : 14.01.2019 O R D E R PER LALIET KUMAR, JUDICIAL MEMBER : THIS MP IS FILED BY THE REVENUE, SEEKING RECTIFICA TION OF THE MISTAKE THAT HAS CREPT IN THE ORDER OF THE TRIBUNAL IN ITA NO.303/BANG/2015 & 422/BANG/2015, DT.08.06.2018, FO R THE ASSESSMENT YEAR 2010-11. MP.359/BANG/2018 PAGE - 2 02. THE REVENUE HAS ALLEGED IN THE MP THAT THE TRIB UNAL HAS NOT ADJUDICATED THE FOLLOWING SIX COMPARABLES : I) M/S. KALS INFORMATION SYSTEMS LTD II) M/S. ICRA TECHNO ANALYTICS LTD III) M/S. PERSISTENT SYSTEMS LTD IV) M/S. INFOSYS LTD V) M/S. SASKEN COMMUNICATION TECHNOLOGIES LTD VI) M/S. PERSISTENT SYSTEMS & SOLUTIONS LTD., 03. THE LD. AR HAS NOT DISPUTED THE PROPOSITION AND HAS SUBMITTED THAT ASSESSEE IS NOT HAVING ANY OBJECTION IF THE MATTER IS RECALLED FOR THE LIMITED PURPOSE OF ADJUDICATING TH E EXCLUSION OF THE ABOVE SIX COMPARABLES. 04. WE HAVE HEARD THE RIVAL CONTENTIONS AND PERUSED THE RECORD. UNDOUBTEDLY THESE SIX COMPARABLES, NAMELY, M/S. KAL S INFORMATION SYSTEMS LTD, M/S. ICRA TECHNO ANALYTICS LTD, M/S. PERSISTENT SYSTEMS LTD, M/S. INFOSYS LTD , M/S. SASKEN COMMUNICATION TECHNOLOGIES LTD AND M/S. PERSISTENT SYSTEMS & SOLUTIONS LTD., WERE NOT ADJUDICATED BY THE TRIBUNA L IN ITS ORDER DT.08.06.2018. ACCORDINGLY THE ORDER OF THE TRIBUN AL IS RECALLED FOR THE LIMITED PURPOSE OF ADJUDICATING THE INCLUSION / EXCLUSION OF THESE COMPARABLES. REGISTRY IS DIRECTED TO POST THE APPE ALS FOR HEARING IN THE NORMAL COURSE. MP.359/BANG/2018 PAGE - 3 05. IN THE RESULT, MP OF THE REVENUE IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON ____ DAY OF J ANUARY, 2019. SD/- SD/- (A. K. GARODIA) (LALIET KUMAR) ACCOUNTANT MEMBER JUDICIAL MEMBE R BENGALURU DATED : 14. 01.2019 MCN* COPY TO: 1. THE ASSESSEE 2. THE ASSESSING OFFICER 3. THE COMMISSIONER OF INCOME-TAX 4. COMMISSIONER OF INCOME-TAX(A) 5. DR 6. GF, ITAT, BANGALORE BY ORDER ASSISTANT REGISTRAR INCOME TAX APPELLATE TRIBUNAL, BANGALORE.