Ita/313/2019 Of The Pr. Commissioner Of Income Tax v. M/S Rajesh Exports Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU|ON THE 1/ DAY OF OCTOBER, 2019 | BEFORE THE HON'BLE MR. JUSTICE RAVI MALIMATH AND THE HON’BLE MR. JUSTICE ASHOK S. KINAGIL INCOME TAX APPEAL NO,.313 OF 201 BETWEEN‘ 1.|THE PR. COMMISSIONER OF INCOME TAXCENTRAL CIRCLE, C.R. BUILDING,QUEEN'S ROAD,BENGALURU-560 OO1..CENTRAL CIRCLE, C.R. BUILDING,QUEEN'S ROAD,BENGALURU-560 OO1.. 2.|THE DEPUTY COMMISSIONER OF INCOME-T AXCENTRAL CIRCLE-1(2),C.R. BUILDING,QUEENS ROAD,BENGALURU-560 OO1..CENTRAL CIRCLE-1(2),C.R. BUILDING,QUEENS ROAD,BENGALURU-560 OO1.. .. APPELLANTS (BY SRI E.I. SANMATHI, ADVOCATE FORSRI K.V. ARAVIND, ADVOCATE)SRI K.V. ARAVIND, ADVOCATE) AND M/S. RAJESH EXPORTS LIMITED.NO.4, BATAVIA CHAMBERS,KUMARA PARK (EAST),BENGALURU-560 OO1,PAN: AAACR 8642N. RESPONDENT| (BY SRI RAGHU HULIKAL, ADVOCATE) THIS INCOME TAX APPEAL IS FILED UNDER SECTION|260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER|DATED 27.11.2018 PASSED IN ITA NO.1034/BANG/2017, FOR|THE ASSESSMENT YEAR 2008-2009, PRAYING THIS COURT|TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE; ALLOW THE APPEAL AND SET ASIDE THE)ORDERS PASSED BY THE INCOME TAX APPELLATE TRIBUNAL,|BENGALURU IN ITA NO.1034/BANG/2017 DATED 27.11.2018|FOR ASSESSMENT YEAR 2008-2009 ANNEXURE-D AND.CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER.CONFIRMING|THE.ORDER.PASSEDBY THE.DEPUTYCOMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2),|BENGALURU AND ETC, OK AK THIS INCOME TAX APPEAL COMING ON FOR ORDERS|THIS DAY, RAVI MALIMATH J., DELIVERED THE FOLLOWING: JUDGMENT The learned counsel for the appellants submit that the|appeal is not maintainable in view of the monetary limits andalso in terms of Circular No.1/7 of 2019 dated 08.08.7019passed by Director (ITJ), Central Board Direct Taxes, New|DelNnNl 2.|In view of the submission made, the appeal is—adismissed as sucn. | Sd/-JUDGERsk/- | Sd/-JUDGE