Ita/289/2012 Of Commissioner Of Income Tax v. Shri Himachalapathi

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. 2899/201 1. COMMISSIONER OF INCOME TAX, (APPEALS)-II, BANGALORE. | 2. THE INCOME TAX OFFICER, WARD-6(1), 4[‘L]FLOOR, RASTROTHANNA BHAVAN,OPP: RBI, NRUPATUNGA ROAD, BANGALORE -560001. .. APPBLLANTS (BY SRI.E.L.SANMATHI-ADV) AND SHRI. HIMACHALAPATHI,|NEAR VENKATALA, B.B.ROAD,HUNASMARAHALLI, YELAHANKA, BANGALORE. .. RESPONDENT (BY SRI.A.SHANKAR & SRI.M.LAVA-ADV)_ THIS [TA IS FILED UNDER SBCTION JO0A OF [INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE APPELLATEORDER DATED 31.1.2012 PASSED BY THE ITAT, ‘A’ BENCH,|BANGALORELN|APPEALPROCEEDINGSITA|NO.1346/BANG/2010, ETC.THIS ITA COMING ON FOR HEARING THIS DAY, |VINEET SARAN J..DELIVERED THE FOLLOWING: THIS ITA COMING ON FOR HEARING THIS DAY, | 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. TTL Sd/-.JUDGE| Sd/-. JUDGE|