Ita/193/2010 Of The Commissioner Of Income Tax v. M/S.page Industries Ltd

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. 193/2010 1. THE COMMISSIONER OF INCOME TAX. C.R.BUILDING, QUEENS ROAD, © BANGALORE. | ”2. THE ASST. COMMISSIONER OF INCOME TAXCIRCLE- 12(2), C.R. BUILDING, |CIRCLE- 12(2), C.R. BUILDING, | QUEENS ROAD, BANGALORE. | .. APPELLANTS| (BY SRI. K.V. ARAVIND & MS. PREETHI.J.D-ADVs) | AND M/S PAGE INDUSTRIES LTD.,NO. 6/2 & 6/4, HONGASANDRA,JOCKEY CAMPUS, BEGUR HOBLI,BANGALORE-560 O68. .. RESPONDENT (BY SRI. ASSHANKAR & SRI. M.LAVA-ADVs)_ THIS ITA IS FILED U/S 260-A OF I.T. ACT, 1961 PRAYING|TO SET ASDIE THE ORDER PASSED BY THE ITAT, BANGALOREIN ITA NO.564/BNG/2009 DATED 11.12.2009, ETC. THIS TTA COMING ON FOR FINAL 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. TL Sd/-.JUDGE| Sd/-. JUDGE|