- 1 - HC-KAR NC: 2026:KHC:30353 WP No. 5287 of 2026 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 19TH DAY OF JUNE, 2026 BEFORE THE HON'BLE MR. JUSTICE B M SHYAM PRASAD WRIT PETITION NO. 5287 OF 2026 (T-IT) BETWEEN: ALTISOURCE ASIA HOLDINGS LIMITED I C/O TEMPLE CORPORATE SERVICES TEMPLE COURT, PORT LOUIS, STATE OUTSIDE INDIA MAURITIUS (REPRESENTED BY SOMNATH MITRA, AUTHORISED SIGNATORY) PRINCIPAL OFFICER, INCORPORATION UNDER THE COMPANIES ACT 1956 …PETITIONER (BY SRI. VISHWANATH K.,ADVOCATE) AND: 1. CENTRALIZED PROCESSING CENTRE INCOME TAX DEPARTMENT, BENGALURU-560500. REP. BY ITS DIRECTOR. 2. DIRECTOR GENERAL OF INCOME TAX (SYSTEMS), POST BOX NO.2, ELECTRONIC CITY POST, BENGALURU-560500. 3. THE DEPUTY COMMISSIONER OF Digitally signed by VANAMALA N Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:30353 WP No. 5287 of 2026 INCOME TAX, DCIT/ACIT CIRCLE 1(1)(1), BMTC BUILDING, 80 FEET ROAD, 6TH BLOCK, NEAR KHB GAMES VILLAGE, KORAMANGALA, BENGALURU-560095. …RESPONDENTS (BY SRI.ARAVIND V CHAVAN., ADVOCATE FOR A/W SRI. NIRMAL MATHEW., ADVOCATE FOR R1 AND R2; SRI. M. DILIP., ADVOCATE FOR R3) THIS WP IS FILED UNDER ARTICLES 226 AND 227 OF THE CONSTITUTION OF INDIA PRAYING TO I) QUASHING OR SETTING THE DEMAND ORDER REFERENCE HAVING DIN ASIDE NUMBER CPC/2425/A6/624100718 WITH 2025202437419566746C DATED 14.12.2025 PASSED OR ISSUED BY THE RESPONDENT NO. 1 UNDER SECTION 143(1) OF THE INCOME TAX ACT, 1961 FOR THE ASSESSMENT YEAR (AY) 2024-25 (ANNEXURE A) AND RECTIFICATION ORDER HAVING DIN CPC/2425/U6/635581276 AND DEMAND REFERENCE NO. 2025202437430726171C DATED 07.01.2026 PASSED OR ISSUED BY RESPONDENT NO.1 UNDER SECTION 154 OF THE INCOME TAX ACT, 1961 FOR THE AY 2024-25 (ANNEXURE-B); II) DIRECTING THE RESPONDENTS NOT TO ENFORCE OR INITATE OR PURSUE ANY PROCEEDINGS FOR RECOVERY OR ADJUSTMENT OF THE DEMAND OF TAX AND INTEREST FOR THE AY 2024-25 PURSUANT TO THE IMPUGNED ORDER TILL THIS WRIT PETITION IS DISPOSED OFF BY THE HONBLE COURT. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD - 3 - HC-KAR NC: 2026:KHC:30353 WP No. 5287 of 2026 ORAL ORDER When queried on the liberty that is reserved, Sri.Vishwanath K., the learned counsel for the petitioner, submits that because of the transfer of the file, the petitioner will have to avail remedy before the third respondent. After hearing Sri Arvind V. Chavan and Sri Nirmal Mathew, the learned standing counsels for the first and second respondents and Sri M. Dilip, a learned standing counsel for the third respondent, the petition stands disposed of as withdrawn with liberty reserved subject to just exceptions. Sd/- (B M SHYAM PRASAD) JUDGE SA Ct:sr