Ita/36/2008 Of The Commissioner Of Income Tax v. Shri V Rajendra Naidu

IN THB HIGH COURT OF KARNATAKA AT BANGALOREDATED THIS THE 20[th]DAY OF JUNE 2014 PRESENT THR HON BLE MR. JUSTICE N. KUMAR. AND THR HON’BLE MR. JUSTICK B. MANOHAR| ITA No.36 OF 2008 BETWEEN; 1.The Commissioner of Income-Tax,Central Circle, C.R.Building,Queens Road, Bangalore. 2 The Asst. Commissioner ofIncome-Tax, Central Circle-1(4) |C.R.Building, Queens Road,Bangalore... APPELLANTS (By Sri G Kamaladhar, Advocate) AND: sri V Rajendra Naidu (HUF)No.42, 0[th]Cross, 3[)2]MainBanashankari II StageBangalore... RESPONDENT (By Sri Ashok A Kulkarni tor M/s.K R Prasad, Advocate) -0-0-0-0-O0- This ITA is filed under Section 260-A of I.T. Act,|1961 arising out of Order dated 24.8.2007 passed inIT(SS)A.No.31/Bang/2006 & C.O.No.76/Bang/2007 inIT(SS)A No.381/Bang/2006 for the Block AssessmentPeriod1.4.1990|TO23.8.2000TO formulate.thesubstantial questions of law stated therein and to allowthe appeal and set aside the order passed by the ITAT,Bangalore|1n IT(SS)A.No.31/Bang/2006.&|C.O.No./76/Bang/2007 in IT(SS)/A No.31/Bang/200dated 24.8.2007 confirming the order of the AppellateCommissioner and confirm the order passed by theAssistant Commissioner of Income Tax, Central circle —1(4), Bangalore. This appeal coming on for hearing this day,N.,KUMAR, J.delivered the following:- JUDGMENT TheTEVENUEhas preferred|this|appealchallenging the order passed by the Tribunal. 2. The net tax effect of Rs.20,681/- which is thesubjectmatterot|thisappeal,1S lessthan Rs.4,00,000 /-aS|prescribedunderInstructionNo.2/2005. Hence, the appeal is not maintainable. © 3.Accordingly, the appeal is dismissed onthe ground that the net tax effect is less thanRs.4,00,000/-, without pronouncing any opinion onthe merits of the case. — Sd/- JUDGE Sd/-| JUDGE *alb/-.