Ita/100154/2015 Of The Principal Commissioner Of Income Tax v. M/S Bellad And Company

IN THE HIGH COURT OF KARNATAKADHARWAD BENCH DATED THIS THE 13[th ]DAY OF FEBRUARY 2017 PRESENT THE HON’BLE DR. JUSTICE VINEET KOTHARI AND THE HON’BLE MR. JUSTICE SREENIVAS HARISH KUMARI.T.A.No.100154/2015. BETWEEN: 1.THE PRINCIPAL COMMISSIONER OF INCOME TAX,NAVANAGAR, HUBALI,DHARWAD DISTRICT.NAVANAGAR, HUBALI,DHARWAD DISTRICT. 2.THE DEPUTY COMMISSIONER OF INCOME TAX,CIRCLE-1(1),NAVANAGAR, HUBBALLICIRCLE-1(1),NAVANAGAR, HUBBALLI ... APPELLANTS (BY SRI. Y V RAVIRAJ, ADV) AND: M/S BELLAD & COMPANY,VIDYANAGAR, HUBALI-21,PAN (BY SRI. TULAJAPPA KALABURGI, ADV.) ... RESPONDENT THIS APPEAL IS FILED UNDER SECTION 260A OF THEINCOME TAX ACT, 1961, PRAYING TO A) FORMULATE THESUBSTENTIAL QUESTION OF LAW STATED ABOVE AND B)ALLOW THE APPEAL AND SET ASIDE THE OREDERSPRASSED BY THE INCOME TAX APPELLANTE TRIBUNAL, ‘B’BENCH BANGALORE IN ITA NO. 1465(B)/2013 DATED:06.04.2015 FOR THE ASSESSMENT YEAR 2009-2010 ANDCONFIRM THE ORDER PASSED BY THE COMMISSIONER OFINCOME TAX, HUBBALLI. Date of Judgment 13.02.2017 In ITA.NO.100154/2015 THIS APPEAL COMING ON FOR HEARING THIS DAY,DR.VINEET KOTHARI. J, DELIVERED THE FOLLOWING: J U D G M E N T Mr. Y.V.Raviraj Adv. for appellants-Revenue.Mr. Tulajappa Kalaburgi Adv. for respondent-Assesee. 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.the same. 3. Accordingly, the present appeal of Revenue isdismissed as withdrawn. No Costs. Sd/- JUDGE Sd/- JUDGE