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Ita/21/2011 Of Commissioner Of Income Tax v. M/S Sri Ganesh Shipping Agency

High Court 17 Dec 2015 In favour of: Unclear

Forum / Bench

High Court · karnataka_bng_old

Parties

Date of order

17 Dec 2015

Assessment year(s)

—

Outcome

Other

Case summary

In Ita/21/2011 Of Commissioner Of Income Tax v. M/S Sri Ganesh Shipping Agency, 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. 21/2011 1. COMMISSIONER OF INCOME-TAX, C.R.BUILDINGS, ATTAWARA, MANGALORE -575 OO1. ”2. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-1(1) | MANGALORE. . APPHLLANTS > (BY SRI. E.I. SANMATHI-ADV)| AND M/S SRIL.GANESH SHIPPINGAGENCY, SRI RAM BUILDING,KOTTARA CHOWKY,DEREBAIL, MANGALORE. | ... RESPONDENT. (BY SRI. S.N. SHYANBHOG-ADV) THIS ITA IS FILED U/S.260-A OF I.T. ACT, 1961 PRAYING|TO MODIFY THER APPELLATK ORDER DATED 30.7.2010 PASSEDBY THE ITAT, “A BENCH’ BANGALORE IN APPEAL PROCEEDINGSITA NO.18/BANG/2010, DATED 30.7.2010, 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 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.21/2010dated 10.12.2015, the tax effect in this appeal being less|than Rs.20 lacs, the appeal standsdismissed. TL sd/- JUDGE| sd/-. JUDGE|

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