Ita/25/2010 Of The Commissioner Of Income Tax v. M/S.iqura Technologies Pvt Ltd
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/25/2010 Of The Commissioner Of Income Tax v. M/S.iqura Technologies Pvt Ltd
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/25/2010 Of The Commissioner Of Income Tax v. M/S.iqura Technologies Pvt Ltd, the High Court (2015) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
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. 25/2010C/WITA No.27/2010, ITA No. 23/2010, ITA No. 24/2010ITA No. 26/2010
IN ITA Nos.25/2010 & 23/2010
BETWEEN:
1. THE COMMISSIONER OF INCOME TAX,|
CENTRAL CIRCLE, C.R.BUILDING,
QUEENS ROAD, BANGALORE.
2. LHE INCOME TAX OFFICER, ~
WARD-11(2), BANGALORE. ...APPELLANTS |
(COMMON)
(BY SRI.K.V.ARAVIND & MS.PREETHI.J.D-ADVs)
AND:
M/S IQURA TECHNOLOGIES PVT. LTD.,NO.95/1, 87, HOSUR MAIN ROAD,MADIWALA,|(BY SRI.CHYTHANYA.K.K-ADV)
BANGALORE — 560 O68. ... RESPONDENT|
(COMMON) |
IN ITAs Nos.27/2010, 24/2010 & 26/2010
1. THE COMMISSIONER OF INCOMB TAX.
C.R.BUILDING, QUEENS ROAD, ©
BANGALORE.
2. THE INCOME TAX OFFICER,WARD-11(2), BANGALORE._ APPBRLLANTS)(COMMON) |
(BY SRI. K.V. ARAVIND & Ms. PREETHI.J.D-ADV) |
AND:
M/S IQURA TECHNOLOGIES PVT. LTD.,NO.95/1, 87, HOSUR MAIN ROAD,MADIWALA, BANGALORE-560 068. —. RESPONDENT(COMMON)
(BY SRI.CHYTHANYA.K.K-ADV)
THESE JITAs ARE FILED UNDER SECTION 260A OFINCOME TAX ACT, 1961, PRAYING TO SET ASIDE THE ORDERPASSED BY THE ITAT, BANGALORE IN ITA Nos.282/BNG/2009, 2384/BNG/2009,280/BNG/2009,281/BNG/2009—ANT)2383 /BANG/2009 RESPECTIVELY DATED: 21.8.2009, ETC.
THESE ITAs COMING ON FOR HEARING 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 effect 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 appeals is below thespecified limit of Rs.20 lacs.
3.Accordingly, in view of the Circular No.21/2010dated 10.12.2015, the tax effect in these appeals being less|than Rs.20 lacs, the appeals standdismissed.
sd/-JUDGE|Sd/-.JUDGE|
TL|
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