Ita/100042/2022 Of The Pr. Commissioner Of Income Tax v. Sri. Prasad Kiran Thakur

Digitallysigned byVINAYAKA BVLocation:High Court ofKarnataka,DharwadBench IN THE HIGH COURT OF KARNATAKA, DHARWAD BENCH DATED THIS THE 28 DAY OF JANUARY, 2025 PRESENT THE HON'BLE MR. JUSTICE B.M.SHYAM PRASAD AND THE HON'BLE MR. JUSTICE RAMACHANDRA D. HUDDAR INCOME TAX APPEAL NO. 100042 OF 2022 BETWEEN: 1. THE PR. COMMISSIONER OF INCOME TAX, NAVANAGAR, HUBBALLI. NAVANAGAR, HUBBALLI. 2. ACIT, CIRCLE 1, BELAGAVI, KARNATAKA. BELAGAVI, KARNATAKA. - APPELLANTS (BY SRI. M. THIRUMALESH, ADVOCATE FOR SRI. Y.V. RAVIRAJ, ADVOCATE) AND: SRI. PRASAD KIRAN THAKUR, 180, GURUWAR PETH, TILAKWADI, BELAGAVI. PAN: ACXPT 9822 E - RESPONDENT THIS ITA IS FILED U/SEC. 260A OF THE INCOME-TAX ACT, 1961, PRAYING TO ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE INCOME-TAX APPELLATE TRIBUNAL, PANAJI BENCH, PANAJI IN ITA NO. 56/PAN/2018, DATED 05.05.2022 & ETC., THIS APPEAL, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: THE HON'BLE MR. JUSTICE B.M.SHYAM PRASAD AND THE HON'BLE MR. JUSTICE RAMACHANDRA D. HUDDAR ORAL ORDER (PER: THE HON'BLE MR. JUSTICE B.M.SHYAM PRASAD) The memo filed by the learned counsel for the appellants in its material part reads as under: “The undersigned, Standing Counsel for the Appellant, submits that consequent to revision of monetary limits by CBDT for filing appeals before various Appellate Forums vide Circular No. 09/2024 dated 17.09.2024, the appellant may be permitted to withdrawn the above appeal filed u/s. 260A of the Income Tax Act, 1961 and disposed as withdrawn as the tax effect involved in the case for the A.Y. 2012-2-13, falls below the threshold monetary limits prescribed in the said Circular for pursuing the case before the Hon’ble High Court.” In consideration of the afore, the appeal stands dismissed as withdrawn. Sd/- (B.M.SHYAM PRASAD) JUDGE Sd/- (RAMACHANDRA D. HUDDAR) JUDGE