Karnataka High Court
ITA/675/2017 of M/S IDEB PROJECTS PRIVATE LIMITED Vs THE ASSISTANT COMMISSIONER OF on 18 June 2026
NC: 2026:KHC:29920-DB ITA No. 675 of 2017 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 18TH DAY OF JUNE, 2026 PRESENT THE HON'BLE MR. JUSTICE S.G.PANDIT AND THE HON'BLE MR. JUSTICE RAJESH RAI K INCOME TAX APPEAL NO. 675 OF 2017 BETWEEN: M/S IDEB PROJECTS PRIVATE LIMITED
HC-KAR
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 18TH DAY OF JUNE, 2026
PRESENT
THE HON'BLE MR. JUSTICE S.G.PANDIT
AND
THE HON'BLE MR. JUSTICE RAJESH RAI K
INCOME TAX APPEAL NO. 675 OF 2017
BETWEEN:
M/S IDEB PROJECTS PRIVATE LIMITED
REPRESENTED BY ITS DIRECTOR SRI HARKIRAT
SINGH BEDI, 10TH FLOOR,
DELTA TOWERS,
SIGMA SOFT TECH PARK,
VARTHUR KODI,
WHITEFIELD MAIN ROAD,
BENGALURU – 560 066.
PAN :AAACI5570N
…APPELLANT
(BY SRI. M LAVA.,ADVOCATE)
AND:
THE ASSISTANT COMMISSIONER OF
INCOME TAX CIRCLE - 11(4)
BMTC BUILDING
6TH BLOCK, 80 FEET ROAD,
KORAMANGALA, BENGALURU - 560095
…RESPONDENT
(BY SRI. E.I.SANAMTHI, ADVOCATE)
THIS INCOME TAX APPEAL IS FILED UNDER SEC.260-A
OF INCOME TAX ACT 1961, ARISING OUT OF ORDER
DATED28/04/2017PASSED IN ITA NO.1531/BANG/2012, FOR
THE ASSESSMENT YEAR 2009-2010.PRAYING THIS HON'BLE
COURT TO(A) TO FORMULATE THE SUBSTANTIAL QUESTIONS
OF LAW STATED ABOVE AND ANSWER THE SAME IN FAVOUR
OF THE APPELLANT AND ETC.,
Digitally signed by
NANJUNDACHARI
Location: HIGH
COURT OF
KARNATAKA
HC-KAR
THIS APPEAL, COMING ON FOR HEARING, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER:
CORAM: HON'BLE MR. JUSTICE S.G.PANDIT
AND
HON'BLE MR. JUSTICE RAJESH RAI K
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ORAL JUDGMENT
(PER: HON'BLE MR. JUSTICE RAJESH RAI K)
Learned counsel for the appellant has filed a memo dated 16.06.2026, which reads as under: “1. The above named appellant has filed Income Tax Appeal under Section 260A of the Income Tax Act, 1961 challenging the order passed by the Income Tax Appellate Tribunal for the Assessment Years 2009-10 against the order of the Tribunal in ITA.No.1531/Bang/2012 dated 28.04.2017 to the extent held against the appellant.
2. The appellant submits that the period for set off losses arising out of the present appeal, in the event the appeal were to be held in favour of the appellant, has lapsed in accordance with the provisions of the Act. Further, the appellant company is under liquidation and already has huge losses.
HC-KAR
3. In view of the above, the appellant prays leave of the Court to permit the appellant to withdraw the appeal and the same may be disposed off to liberty to revive if the occasion arises.
4. The appellant prays the Hon’ble Court to pass such orders as this Hon’ble Court may deem fit on the facts and circumstances of the case.”
2. Placing reliance on the memo, appeal is dismissed as withdrawn.
SD/- (S.G.PANDIT) JUDGE
SD/- (RAJESH RAI K) JUDGE
NC CT: RK List No.: 1 Sl No.: 24