Ita/26/2019 Of The Pr. Commissioner Of Income Tax v. Shri P M A Razak

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28 DAY OF AUGUST, 2019 PRESENT THE HON'BLE MR.JUSTICE L. NARAYANA SWAMY AND THE HON BLE MR.JUSTICE R. DEVDAS| INCOME TAX APPEAL No.26/2019 BETWEEN: 1.THE PR. COMMISSIONER OF INCOME TAX|CR BUILDING, ATTAVARA,MANGALURU-5/75 OOL 2 |THE DEPUTY COMMISSIONER OF INCOME TAXCENTRAL CIRCLE-2, PRESENT ADDRESS|DCIT, CIRCLE-1(1).CR BUILDING, ATTAVARAMANGALURU-5/75 OOL.., APPELLANTS (BY SRI K.V.ARAVIND & SRI DILIP M., ADVS.) AND: SHRI P M A RAZAK|GC-12, HIS GRACE APARTMENTSMARTIN PAES ROADHAT HILL, MANGALURU-575 O06PAN: ADYPR 9231M| .. RESPONDENT (BY SRI S.PARTHASARATHI, ADV.) THIS ITA IS FILED UNDER SECTION 260-A OF INCOME TAX ACT|1961, ARISING OUT OF ORDER DATED: 07.09.2018 PASSED IN ITA.NO.194/BANG/2018, FOR THE ASSESSMENT YEAR: 2006-200/,| PRAYING TO I. FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE. II. ALLOW THE APPEAL AND SET ASIDE THE ORDERSPASSED BY THE INCOME-TAX APPELLATE TRIBUNAL, BENGALURU IN)ITA NO. 194/BANG/2018 DATED: 07.09.2018 FOR ASSESSMENTYEAR: J2ZOQ06-200/7 ANNEXURE-D CONFIRMING THE ORDER OF APPELLATE COMMISSIONER AND CONFIRM THE ORDER PASSED BYTHE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 1(1),MANGALURU. THIS ITA COMING ON FOR ORDERS, THIS DAY,DEVDAS J*T7DELIVERED THE FOLLOWING: JUDGMENT Tne learned counsel for the appellant-Revenue brings to.the notice of this Court a Circular bearing No.17 of 2019 datedO8[;/]August, 2019 wherein the further ennancement of monetary|limit for filing of appeals by the Departments before the Income-Tax Appeliate Tribunals, High Courts and Special LeavePetitions/Appeals before the Supreme Court stands amended,and by the said amendment the earlier monetary limit ofRs.50,00,000/- (Rupees fifty lakh) has not been raised toRs.1,00,00,000/- (Rupees one crore). The earlier monetary limitwas prescribed as per Circular No.3 of 2018 dated 11[;/]July,2018. In the light of the same, the learned counsel submits that|the appeal is not maintainable and in view of the Circular, the|appeal may be permitted to be withdrawn. Further, the learned| counsel would also draw the attention of this Court to Clause 10of the Circular No.3 of 2018 dated 11[;/]July, 2018 wherein|certain exceptions are carved out. Tne learned counsel submitstnat at the present stage it may not be possible for nim tosubmit whether the matter falls under any of the exceptions.Tnerefore, it is prayed that liberty may be reserved to theappellants to move this Court, if it is found that the matter fallswithin the exception carved out in Clause 10 of Circular bearingNumber 3 of 2018. 2. On the query of the Court as to whether the Circular isapplicable to pending matters, the learned counsel draws theattention of this Court to the communication dated 20[;/]August,2019 made by the Central Board of Direct Taxation to all theChief Commissioners of Income Tax clarifying at paragraph No.3that the monetary limit prescribed in Circular No.1/7 of 2019 isapplicable to all pending Special Leave Petitions, Appeals, CrossObjections and References.| 3. In view of the above, we permit the appellant towithdraw the appeal for the reasons stated above. Liberty is also granted to the appellant to seek revival of this appeal, if it isfound tnat the matter falls within the exception carved out inClause 10 of Circular bearing No.3 of 2018. lnn Sd/-JUDGE Sd/-—JUDGE