Ita/209/2013 Of Commissioner Of Income Tax v. M/S Vanshee Builders And

IN THE HIGH COURT OF KARNATAKA AT BENGALURUDATED THIS THE 22 DAY OF APRIL 2021 PRESENT THE HON’BLE MR. JUSTICE ALOK ARADHE AND| THE HON’BLE MR. JUSTICE M.G.S. KAMAL|1LT.A. NO.209 OF 2013 BETWEEN: 1.COMMISSIONER OF INCOME TAX. BANGALORE-IIL BANGALORE. 2.|INCOME TAX OFFICER| WARD 12(2), BANGALORE.| .... APPELLANTS (BY MR. JEEVAN J. NEERALGI, ADV.,). AND: M/S. VANSHEE BUILDERS AND DEVELOPERS P. LTD., NO.684, 9TH MAIN, 1ST STAGE INDIRANAGAR, BANGALORE-560034. ... RESPONDENT (BY MR. A. SHANKAR, SR. COUNSEL A/W MR. RAVISHANKAR, ADV., FOR MR. M. LAVA, ADV.,) THIS I.T.A. IS FILED UNDER SEC. 2Z60-A OF INCOME TAXACT 1961, ARISING OUT OF ORDER DATED 07.12.2012 PASSED|ITA NO.386/BANG/2012, FOR THE ASSESSMENT YEAR 2008-09,|PRAYING TO. (i) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW.STATED THEREIN. (iil) ALLOW THE APPEAL AND SET ASIDE THE ORDER OF THEITAT, BANGALORE IN ITA NO.386/BANG/2012 DATED 07.12.2012. THIS I.T.A. COMING ON FOR’ HEARING, THIS’ DAY, | ALOK ARADHE J.,DELIVERED THE FOLLOWING: JUDGMENT Sri. A. Shankar, learned Senior Counsel along with| Srl.Ravishankar,|learnedcounsel|for |Sri. M Lava, learned counsel for the assessee. Sri. Jeevan J. Neeralgi, learned counsel for the)revenue. 2.|Tnis appeal under Section 260-A of theIncome Tax Act, 1961 has been field by the revenueagainst the order dated 07.12.2012 of the Income TaxAppellate Tribunal, Bengaluru. | 3.When the matter was taken up today, learnedcounsel for the assessee submitted that the appeal maybe entertained in view of the circular dated 08.08.7019.issued by the Government of India, Department ofRevenue, Central Board of Direct Taxes, Judicial Sectionas in the instant case, it is less than Rupees One Crore. The aforesaid submission could not be disputed by the learned counsel for the revenue. | 4In view of the circular dated 08.08.2019, theappeal is dismissed on the ground of monetary limit. 4In view of the circular dated 08.08.2019, the Mds/-| Sd/-JUDGE JUDGE Sd/- JUDGE