Ita/188/2010 Of The Commissioner Of Income Tax v. M N Manjunath
High Court
17 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/188/2010 Of The Commissioner Of Income Tax v. M N Manjunath
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/188/2010 Of The Commissioner Of Income Tax v. M N Manjunath, 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. 1888/201
l.THERE COMMISSIONER OF
INCOME TAX, NO.99/1,
SHILPASHREE,
VIDYARANYA COMPLEX,
VISHVESHWARANAGAR,MYSORE.MYSORE.
2.THER ADDL. COMMISSIONER OF INCOME TAX, RANGE-2, NO.99/1, SHILPASHREE, —OF INCOME TAX, RANGE-2, NO.99/1, SHILPASHREE, —
VIDYARANYA COMPLEX,
VISHVESHWARANAGAR,MYSORKBEMYSORKBE
_ APPBRLLANTS)
(BY SRI. K.V. ARAVIND & MS. PREETHI.J.D-ADVs) |
AND
SHRI. M.N. MANJUNATHMANCHANAYAKANA HALLY POST,BIDADI HOBLLI,HANUMANTHANAGAR, —RAMANAGAR TALUK.—. RESPONDENT
(BY SRI. A. SHANKAR & SRI. M.LAVA-ADVs)
THIS ITA FILED U/S.260-A OF I.T.ACT, 1961,PRAYING TO|SET ASIDEK THR ORDERS PASSED BY THE [TAT BANGALORE INITA NO. 1464/BANG/2008, DATED 30.12.2009, ETC.
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.
before the High Court has been enhanced from Rs.10 lacs to |
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.
TL
Sd/- |JUDGE|
Sd/-.
JUDGE|
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