Ita/175/2012 Of The Commissioner Of Income Tax v. M/S Inatech Info Solutions Pvt Ltd
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/175/2012 Of The Commissioner Of Income Tax v. M/S Inatech Info Solutions Pvt Ltd
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/175/2012 Of The Commissioner Of Income Tax v. M/S Inatech Info Solutions Pvt Ltd, 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. 175/2012
BETWEEN
1. THE COMMISSIONER OF INCOME TAX.
C.R.BUILDING, QUEENS ROAD,
BANGALORE. |
2. THERE DEPUTY COMMISSIONER OF
INCOME-TAX, CIRCLE-1 1(4)
C.R.BUILDING, QUEENS ROAD,
BANGALORE. |_ APPBRLLANTS)
(BY SRI. K.V. ARAVIND & MS. PREETHI.J.D.-ADVs)
AND
M/S INATECH INFO SOLUTIONS PVT. LTD.,NO. 22, CUNNINGHAM CLASSIC,CUNNINGHAM ROAD,BANGALORE —- 560 OD2.BANGALORE — 560 005.—. RESPONDENT
(BY SRI. TATA KRISHNA-ADV)_
THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDER OF THE|TRIBUNAL IN ITA NO.592/BANG/2011 DATED: 16.2.2012, 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.
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.
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.
TTL
Sd/-.JUDGE|
Sd/-.
JUDGE|
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