Ita/152/2012 Of The Commissioner Of Income Tax v. Shri H Ibrahim

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. 152/2012 1. THE COMMISSIONER OF INCOME TAX.PARK VIEW BUILDING, NO. 284/1,4[‘T]MAIN, P.J.EXTENSION,DAVANAGERE. | 2. THR DEPUTY COMMISSIONER OF _INCOME TAX, CIRCLE-1,SHIMOGA,. | _APPBLLANTS (BY SRI. K.V. ARAVIND & Ms. PREETHI.J.D-ADVs) AND SHRI. H. IBRAHIMEXCISE CONTRACTOR, |KOTE POST OFFICE ROAD,SHIMOGA... RESPONDENT (BY SRIYUTHS. A. SHANKAR & M.LAVA-ADVs)| THIS [TA IS FILED UNDER SBCTION JO0A OF [INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDERS PASSED|BY THE ITAT, BANGALORE IN ITA NO.1039/BANG/2010 DATED: 31.1.2012, 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|