Ita/154/2011 Of Commissioner Of Income Tax-Iii v. Shri G D Subraya

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. 154/2011 BETWEEN 1. COMMISSIONER OF INCOME TAX-ITI,C.R.BUILDINGS, QUEENS ROAD,C.R.BUILDINGS, QUEENS ROAD, BANGALORE - 560 001. 2.INCOME TAX OFFICER WARD NO.2, MANGALORE. ... APPELLANTS— (BY SRI.E.LSANMATHI- ADVs) ANT SHRI.G.D.SUBRAYA,SHREGAR, PWD CONTRACTOR,GANGOLLI , UDUPI. .. RESPONDENT| (BY SRI.A.SHANKAR & SRI.M.LAVA-ADVs) THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDERS PASSEDBY|THE;ITAT,SA?BENCH,BANGALORELN|ITA|NO.91/BANG/2004 DATED: 7.1.2011, ETC. | VINEET SARAN J..DELIVERED THE FOLLOWING: THIS TTA COMING ON FOR HEARING THIS DAY, | 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. before the High Court has been enhanced from Rs.10 lacs to | 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. Oo.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. od/-/ JUDGE| Sd/-. JUDGE|