Ita/111/2012 Of The Commissioner Of Income Tax v. M/S Laxmi Enterprises
High Court
17 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/111/2012 Of The Commissioner Of Income Tax v. M/S Laxmi Enterprises
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Ita/111/2012 Of The Commissioner Of Income Tax v. M/S Laxmi Enterprises, the High Court (2015) dismissed the appeal. The decision went in favour of the assessee.
Decision: 3.Accordingly, in view of the Circular No.21/2015dated 10.12.2015, the tax effect in this appeal being less|than Rs.20 lacs, the appeal stands—dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF KARNATAKA AT BBNGALURU
DATBD THIS THR 17 DAY OF DECEMBER, 20109
PRESENT
THR HON'BLE MR. JUSTICK VINEBT SARAN|
AND
THR HON’BLE MRS. JUSTICK S.SUJATHA
ITA No. 1111/201
BETWEE
1. THE COMMISSIONER OF INCOME TAX,PARK VIEW BUILDING,
NO.284/1, 4[‘T]MAIN,P.J.EXTENSION, |DAVANAGERE-577 OO2.
2. THRH ASST. COMMISSIONER OFINCOME TAX (INVESTIGATION), |
CIRCLE-1(1), HUBLI._ APPBRLLANTS)
(BY SRI. K.V. ARAVIND & MS. PREETHI.J.D-ADVs)
AND
M/S LAXMI ENTERPRISES,|RAMAKRISHNA MAHAL COMPLEX,NEHRU CIRCLE, CHALLAKERE, |CHITRADURGA DISTRICT. —. RESPONDENT
(BY SRIYUTHS. A.SHANKAR & M.LAVA-ADVs)
THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDERS PASSED|BY THE ITAT, BANGALORE IN IT(SS)A NO.70/BANG/2008.DATED: 29.12.2011, ETC. |
THIS ITA COMING ON FOR HEARING THIS DAY, |VINEET SARAN J..DELIVERED THE FOLLOWING:
JUDGMENT
Learned counsel for the appellants-Revenue has/placed before us a recent Circular No.21/2015 dated|10.12.2015, issued by the Central Board of Direct taxes,|wherein the monetary limit of the tax eftect for filing appealsbefore the High Court has been enhanced from Rs.10 lacs to |Rs.20 lacs.
In paragraph-10 of the said Circular, it has been)clarified that the same will apply retrospectively to pendingappeals also, which, if below the specified tax limits, may bewithdrawn/not pressed.
2.Learned counsel for the appellants has stated|that the tax effect in the present appeal is below the specifiedlimit of Rs.20 lacs.
3.Accordingly, in view of the Circular No.21/2015dated 10.12.2015, the tax effect in this appeal being less|than Rs.20 lacs, the appeal stands—dismissed.
TL
Sd/- |
JUDGE|
Sd/-.
JUDGE|
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