Ita/238/2021 Of The Commissioner Of Income Tax v. M/S Edgeverse Systems Ltd
High Court
21 Jun 2022 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/238/2021 Of The Commissioner Of Income Tax v. M/S Edgeverse Systems Ltd
Date of order
21 Jun 2022
Assessment year(s)
2017-2018
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Ita/238/2021 Of The Commissioner Of Income Tax v. M/S Edgeverse Systems Ltd, the High Court (2022) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of the Circular dated 24.06.2019, the tax effect in this appeal being less than Rs.One Crore, the appeal stands dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 21 DAY OF JUNE, 2022
PRESENT
THE HON’BLE MR. JUSTICE P.S. DINESH KUMAR
AND
THE HON’BLE MR. JUSTICE C.M. POONACHA
I.T.A NO.238 OF 2021
BETWEEN:
1. THE COMMISSIONER OF INCOME-TAX INTERNATIONAL TAXATION 4TH FLOOR, BMTC BUILDING 80 FEET ROAD, KORMANGALA BENGALURU - 560 095. INCOME-TAX INTERNATIONAL TAXATION 4TH FLOOR, BMTC BUILDING 80 FEET ROAD, KORMANGALA BENGALURU - 560 095.
2. THE DEPUTY COMMISSIONER OF INCOME-TAX INTERNATIONAL TAXATION CIRCLE-1(1), 4TH FLOOR BMTC BUILDING, 80 FEET ROAD KORMANGALA BENGALURU - 560 095.OF INCOME-TAX INTERNATIONAL TAXATION CIRCLE-1(1), 4TH FLOOR BMTC BUILDING, 80 FEET ROAD KORMANGALA BENGALURU - 560 095.
.…APPELLANTS
(BY SHRI. ARAVIND K.V., ADVOCATE)
AND:
M/s. EDGEVERSE SYSTEMS LTD., 44/97A KONAPPANA AGRAHARA HOSUR ROAD, ELECTRONIC CITY BENGALURU - 560 100.
…RESPONDENT
(BY Ms. MAHIMA GOUD, ADVOCATE FOR
Ms. TANMAYEE RAJKUMAR, ADVOCATE)
THIS ITA IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED:10.09.2020 PASSED IN IT(IT)A NO.12/BANG/2020, FOR THE ASSESSMENT YEAR 2017-2018 PRAYING TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW AND ETC.
THIS ITA COMING ON FOR ADMISSION, THIS DAY, P.S.DINESH KUMAR J.,DELIVERED THE FOLLOWING:
JUDGMENT
Ms.Mahima Goud, learned Advocate for the respondent-assessee submits that the tax effect is less than Rs.One Crore, i.e., Rs.97,41,315/-. She has filed a memo dated 16.11.2021 indicating the tax effect.
2. Shri K.V.Aravind, learned Standing Counsel for the appellants submits that in similar cases, this Court has disposed of the appeal reserving liberty to the Revenue to reopen the case in the event the tax effect is more than Rs.One Crore.
3. In view of the Circular dated 24.06.2019, the tax effect in this appeal being less than Rs.One Crore, the appeal stands dismissed.
No costs.
Sd/- JUDGE
Sd/- JUDGE
YN
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