Ita/100055/2014 Of The Commissioner Of Income Tax v. Bellad Bagewadi Urban Souhard

IN THE HIGH COURT OF KARNATAKADHARWAD BENCH DATED THIS THE 20 DAY OF FEBRUARY 2017 PRESENT THE HON’BLE DR. JUSTICE VINEET KOTHARIAND THE HON’BLE MR. JUSTICE SREENIVAS HARISH KUMAR INCOME TAX APPEAL No.100055/2014 BETWEEN 1.THE COMMISSIONER OF INCOME TAX,DR B.R. AMBEDKAR ROAD, BELGAUMDR B.R. AMBEDKAR ROAD, BELGAUM 2.THE ASST. COMMISSIONER OF INCOME TAXCIRCLE-I, BELGAUMCIRCLE-I, BELGAUM (By Sri. Y V RAVIRAJ, ADV) ... APPELLANTS AND 1.BELLAD BAGEWADI URBAN SOUHARD SAHAKARI BANK NIYAMITH BELLAD BAGEWADI TQ:HUKKERIDIST: BELGAUMDIST: BELGAUM ... RESPONDENT (By: Sri.SANGRAM S KULKANI, ADV) THIS INCOME TAX APPEAL IS FILED UNDER SECTION 260A OFTHE INCOME-TAX ACT, 1961 AGAINST THE ORDER PASSED INITA.NO.322/PNJ/2013 DTD:06.03.2014 ON THE FILE OF THEINCOME TAX APPELLATE TRIBUNAL, PANAJI BENCH, PANAJI,THE APPEAL IS HEREBY DISMISSED. Date of Judgment 20.02.2017 in ITA.No.100055.2014The Commissioner of Income Tax and another V/s. Shri Bellad BagewadiUrban Souhard Sahakari Bank Niyamith. : 2 : . THIS APPEAL COMING ON FOR FINAL HEARING THISDAY, DR.VINEET KOTHARI. J, DELIVERED THE FOLLOWING: J U D G M E N T Mr. Y V RAVIRAJ, Adv.for appellants.Mr. SANGRAM S KULKANI Adv. for respondent. 1. Learned Counsel for the Revenue submits that inview of the Circular No.21/2015 dated 10.12.2015 issued bythe CBDT, the present appeal filed by the Revenue hasRevenue stake of less than monetary limits ofRs.20,00,000/- and therefore, he may be permittedtowithdraw the present appeal. 2. Opposite counsel for the Assesee has no objection tothe same. 3. Accordingly, the present appeal of Revenue isdismissed as withdrawn. No Costs. Sd/- JUDGE VB/- Sd/- JUDGE