Ita/246/2010 Of The Commissioner Of Income Tax v. Sri B C Nanjunda Setty
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/246/2010 Of The Commissioner Of Income Tax v. Sri B C Nanjunda Setty
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/246/2010 Of The Commissioner Of Income Tax v. Sri B C Nanjunda Setty, 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. 246/2010
1.THERE COMMISSIONER OF [INCOME TPARK VIEW BUILDINGNO.284/1, 4TH MAIN|PJ EXTENSION,DAVANAGERE 57/002PARK VIEW BUILDINGNO.284/1, 4TH MAIN|PJ EXTENSION,DAVANAGERE 57/002
«|THERE ADDL. COMMISSIONER OF INCOME TASHIMOGA RANGE, SHIMOGA.SHIMOGA RANGE, SHIMOGA.
... APPBLLANTS|
(By Sri. K V ARAVIND & Ms. PREETHI J.D. ADVS., )
AND
SRI BC NANJUNDA SBTTY|M/S.S GK INDUSTRIESINDUSTRIAL ESTATE,|SAGAR ROAD, SHIMOGA
_. RESPONDENT
(By Sriyuths A SHANKAR & M LAVA, ADVs..,)
ITA is filed u/S.260-A of I.T.Act, 1961 praying to set aside|theorder|passedby.theITAT, Bangalore,inITA|No.737/Bang/2009 dated 26/02/2010, etc.
THIS ITA COMING ON FOR FINAL DISPOSAL 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.
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|
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue