Ita/260/2014 Of Commissioner Of Income Tax-Iii v. M/S Namtech Electronic Devices Private Limited

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. 260/2014 1. COMMISSIONER OF INCOME TAX-IlIl CENTRAL REVENUE BUILDINGS, | QUEENS ROAD, BANGALORE-5S60001.. 2. THE ASSISTANT COMMISSIONER OF INCOME TAX 12(2), | BANGALORE. . APPHLLANTS > (BY SRI. E.I. SANMATHI-ADV) AND M/S NAMTECH ELECTRONICDEVICES PRIVATE LIMITED, |NO.314, PRIVATE LIMITED,NO.314, RAHEJA ARCADE,KORAMANGALA,BANGALORE-95..PAN: AAACNO2Z49B—. RESPONDENT (BY SRI. S. PARTHASARATHI & MS. JINITA CHATTERIJEE-ADVs) THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE APPELLATE|ORDER DATED: 20.12.2013 PASSED BY THERE INCOME TAAPPELLATE TRIBUNAL, ‘A’ BENCH, BANGALORE IN APPEAL|PROCEEDINGS NO. ITA NO.664/BANG/2012 FOR ASSESSMENTYEAR 1992-93, 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. 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. Oo.Learned counsel for the appellants has stated.that the tax effect in the present appeal is below the specifiedlimit of Rs.20 lacs. Oo.Learned counsel for the appellants has stated. 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. TTL sd/- | JUDGE| od/-- JUDGE|