Ita/121/2013 Of The Commissioner Of Income Tax v. M/S Gerb Vibration Control
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/121/2013 Of The Commissioner Of Income Tax v. M/S Gerb Vibration Control
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/121/2013 Of The Commissioner Of Income Tax v. M/S Gerb Vibration Control, the High Court (2015) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
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. 121/2013
1. THE COMMISSIONER OF INCOME TAX ,
C.R.BUILDING, QUEENS ROAD,
BANGALORE.
2. THERE DEPUTY COMMISSIONER OF
INCOME TAX, CIRCLE-11(3),
RASHTROTHANA BHAVAN,NRUPATHUNGA ROAD,BANGALORE -560 OO1. —
_ APPBRLLANTS)
(BY SRI. K.V. ARAVIND & MS. PREETHI.J.D-ADVs)
AND
M/S GERB VIBRATION CONTROLSYSTEMS PVT LTD., NO.27/A,~ PHASE, PEENYA INDUSTRIAL AREA,BANGALORE -560 OO1.—. RESPONDENT
(BY SRI. BALARAM.R.RAO-ADV)
THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDERS PASSED|BY THE ITAT, BANGALORE IN ITA NO.1051/BANG/2011 DATED:2.11.2012, ETC.
THIS ITA COMING ON FOR HEARING THIS DAY, |VINEET SARAN J..DELIVERED THE FOLLOWING:
JUDGMENT
Learned counsel for the appellants-Revenue hasplaced 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 beenclarified that the same will apply retrospectively to pending|appeals 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 standsdismissed.
TL
Sd/-.JUDGE|
Sd/-.
JUDGE|
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