Ita/144/2011 Of Commissioner Of Income Tax-Iii v. M/S. Telco Construction Equipment Co. Ltd
High Court
17 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/144/2011 Of Commissioner Of Income Tax-Iii v. M/S. Telco Construction Equipment Co. Ltd
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/144/2011 Of Commissioner Of Income Tax-Iii v. M/S. Telco Construction Equipment Co. Ltd, 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.
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. 144/2011
BRIWEHEN
1. COMMISSIONER OF INCOME TAX-III,
C.R BUILDINGS, QUEENS ROAD,
BANGALORE -560001..
2. DEPUTY COMMISSIONER OF
INCOME TAX, CIRCLE 12 (4),
BANGALORE. .. APPELLANTS
(BY SRI.E.L.SANMATHI- ADV)
ANT)
M/S TELCO CONSTRUCTION
EQUIPMENT CO. LTD.,
NO.45, JUBILEE BUILDING,
MUSEUM ROAD, BANGALORE. .. RESPONDENT|
(BY SRI.S.PARTHASARATHI & MSs. JINITA CHATTERJEE-ADYVs
THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE APPELLATEORDER DATED: 19.12.2010 PASSED BY THE ITAT, ‘A’ BENCH,|BANGLORE, IN APPEAL PROCEEDINGS ITA NO.718/BANG/2010, EITC.
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.
TTL
Sd/-.JUDGE|
Sd/-.
JUDGE|
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