Ita/239/2021 Of The Commissioner Of Income Tax v. M/S Edgeverse Systems Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 20 DAY OF JUNE, 2022 PRESENT THE HON'BLE MR. JUSTICE P.S.DINESH KUMAR AND THE HON’BLE MR. JUSTICE C.M. POONACHA ITA NO. 239 OF 2021 BETWEEN 1 . THE COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION 4 FLOOR, BMTC BUILDING, 80 FEET ROAD, KORMANGALA, BENGALURU -560 095. INTERNATIONAL TAXATION 4 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, KORAMANGALA, BENGALURU-560 095. INTERNATIONAL TAXATION, CIRCLE-1(1), 4TH FLOOR, BMTC BUILDING, 80 FEET ROAD, KORAMANGALA, BENGALURU-560 095. ...APPELLANTS (By Sri : ARAVIND K V, ADVOCATE) AND M/S EDGEVERSE SYSTEMS LTD 44/97A, KONAPPANA AGRAHARA, HOSUR ROAD, ELECTRONIC CITY, BENGALURU-560 100 PAN TAN BLRE06897C …RESPONDENT (By Sri T SURYANARAYANA, SENIOR COUNSEL FOR MS.TANMAYEE RAJKUMAR) THIS ITA IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACTR, 1961, IS ARISING OUT OF ORDER DATED 10/09/2020 PASSED IN IT(IT)A NO.14/BANG/2020 FOR THE ASSESSMENT YEAR 2019-2020 PRAYING TO FORMULATED THE SUBSTANTIAL QUESTIONS OF LAW STATED AND ALLOW THE APPEAL AND ETC., THIS ITA COMING ON FOR ADMISSION, THIS DAY P.S. DINESH KUMAR J., DELIVERED THE FOLLOWING: JUDGMENT Sri T. Suryanarayana, learned Senior Advocate for the respondent/Assessee submits that the tax effect is less than Rupees one crore i.e. Rs.82,53,237/-. He has filed a memo dated 16.11.2021 indicating/showing the tax effect. 2. Sri Aravind K.V., 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 Rupees one crore. 3. In view of the Circular dated 24.06.2019, the tax effect in this appeal being less than rupees one crore, appeal stands dismissed. Sd/- JUDGE Sd/- JUDGE BS