Ita/335/2013 Of The Commissioner Of Income Tax v. Shri. Faheem Shah

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. 335/2013 1. THE COMMISSIONER OF INCOME TAX.C.R.BUILDING, QUEENS ROAD ,C.R.BUILDING, QUEENS ROAD , BANGALORE. | 2. THE INCOME-TAX OFFICER, ~ WARD-1(2), NO.59 HMT BHAVAN ,.6 FLOOR, BELLARY ROAD,GANGANAGAR, |BANGALORE -560 O32._ APPBRLLANTS) (BY SRI.K.V.ARAVIND & MS. PREETHI.J.D-ADVs) AND SHRI. FAHBKBM SHAHPROP: CLASSIC DAIRY FARM,NO 98, DISPENSARY ROAD, |BANGALORE. .., RESPONDENT (BY SRI. S.PARTHASARATHI & MS. JINITA CHATTERJEE-ADVs) | THIS [TA IS FILED UNDER SBCTION JO0A OF [INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDER OF THE|ITAT, BANGALORE IN ITA NO.502/BANG/2012 DATED: 8.2.2013,BIC. 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|