Ita/124/2023 Of The Pr. Commisisoner Of Income Tax v. M/S Vectra Advanced Engineering Pvt. Ltd

Digitally signed byMALA K NLocation: HIGH COURTOF KARNATAKA IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 19 DAY OF SEPTEMBER, 2023 PRESENT THE HON'BLE MR JUSTICE P.S.DINESH KUMAR AND THE HON'BLE MR JUSTICE T.G. SHIVASHANKARE GOWDA INCOME TAX APPEAL NO. 124 OF 2023 BETWEEN: 1. THE PR. COMMISSIONER OF INCOME-TAX 5 FLOOR, BMTC BUILDING 80 FEET ROAD, KORMANGALA BENGALURU-560 095 2. THE DEPUTY COMMISSIONER OF INCOME-TAX CIRCLE-7(1)(2), PRESENT ADDRESS, DCIT CIRCLE 7(1)(1), 2 FLOOR, BMTC BUILDING 80 FEET ROAD, KORMANGALA BENGALURU 560 095 …APPELLANTS (BY SRI. DILIP M., ADV.) AND: M/S VECTRA ADVANCED ENGINEERING PVT. LTD. VECTRA HOUSE, NO. 15, 1 MAIN ROAD, 6 CROSS, GANDHINAGAR, BENGALURU-560 009. PAN: AABCV 1355K …RESPONDENT (BY SRI. S. SHARATH, ADV. FOR SRI. TATA KRISHNA, ADV.) THIS ITA IS FILED UNDER SEC.260-A OF THE INCOME TAX ACT 1961, PRAYING TO i. FORMULATE THE SUBSTANTIAL QUESTION OF LAW STATED ABOVE ETC., THIS APPEAL, COMING ON FOR FURTHER ORDERS, THIS DAY, P.S.DINESH KUMAR J.,DELIVERED THE FOLLOWING: JUDGMENT Shri M. Dilip, learned Standing Counsel for the Revenue submitted that these appeals are not maintainable in view of Circular No.17/2019 [F.NO.279/MISC.142/2007-ITJ(PT.)], dated 08.08.2019, as the monetary effect is less than Rs.1 Crore. 2. Accordingly, the appeal is dismissed. 3. In view of dismissal of the appeal, I.A.No.2/2023 does not survive for consideration and the same stands disposed of. No costs. Sd/- JUDGE Sd/- JUDGE PA List No.: 1 Sl No.: 30