2023 (6) TMI 1359 - HC - Income Tax

Taxability of waiver of loan as used for the purpose of acquisition of capital equipment - HELD THAT - As assessee submits that the Income Tax Appellate Tribunal has passed the subsequent Order on 05.09.2022 2022 (9) TMI 1514 - ITAT BANGALORE and therefore, this Appeal does not survive for consideration and sought leave to withdraw the Appeal. He has filed a Memo of even date to the said effect. His submission is placed on record. Memo be kept in record.

Summary

The High Court of Karnataka dismissed the appeal as withdrawn by the appellant due to a subsequent order by the Income Tax Appellate Tribunal on 05.09.2022. No costs were awarded.