Ita/282/2012 Of The Commissioner Of Income Tax v. Sri Kalki Kodandarami Reddy
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/282/2012 Of The Commissioner Of Income Tax v. Sri Kalki Kodandarami Reddy
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/282/2012 Of The Commissioner Of Income Tax v. Sri Kalki Kodandarami Reddy, 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. 282/2012
1. THE COMMISSIONER OF INCOME TAX,|
C.R BUILDING, QUEENS ROAD,
BANGALORE. |
2. THRE INCOME-TAX OFFICER
WARD-11(1), C.R.BUILDING,|
QUEENS ROAD, BANGALORE. ..APPELLANTS
(BY SRI.K.V.ARAVIND & MS.PREETHI.J.D—ADVs)
AND
oRI. KALKI KODANDARAMI REDDY,
NO. 547, 3 BLOCK, 2| STAGE,1[Si]MAIN, RMV EXTENSION,
BANGALORE-560 O10. .. RESPONDENT|
(BY SRI.A.SHANKAR & SRI.M.LAVA-ADVs)
THIS ITA IS FILED UNDER SBCTION QJ6O0A OF INCOMTAX ACT, 1961, PRAYING TO SET ASIDE THE ORDER PASSEDBY THE ITAT, BANGALORE IN ITA NO.447/BANG/2011 DATED:9.3.2012, ETC.
THIS ITA 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 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