Ita/372/2010 Of The Director Of Income Tax v. M/S Velankani Mauritius Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 4 DAY OF OCTOBER, 2018 PRESENT HON’BLE MR.JUSTICE DINESH MAHESHWARI, CHIEF JUSTICE AND HON’BLE MR.JUSTICE S.G.PANDIT INCOME TAX APPEAL NO.372/2010 BETWEEN: 1. THE DIRECTOR OF INCOME-TAX INTERNATIONAL TAXATION RASHTROTHANA BHAVAN NRUPATHUNGA ROAD BANGALORE INTERNATIONAL TAXATION RASHTROTHANA BHAVAN NRUPATHUNGA ROAD BANGALORE 2. THE DEPUTY COMMISSIONER OF INCOME-TAX INTERNATIONAL TAXATION CIRCLE-II(1), BANGALORE INCOME-TAX INTERNATIONAL TAXATION CIRCLE-II(1), BANGALORE …APPELLANTS (BY SRI K V ARAVIND, ADVOCATE) AND: M/S. VELANKANI MAURITIUS LTD., C/O CHAURVEDI AND SHAH N-604, NORTH REAR WING MANIPAL CENTRE DICKENSON ROAD BANGALORE-560 042 ... RESPONDENT (BY SMT VANI H, ADVOCATE) THIS ITA IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT, 1961 PRAYING TO SET ASIDE THE ORDER PASSED BY THE ITAT, BANGALORE IN ITA NO.985/BANG/2009 DATED 31.05.2010 AND CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER BY CONFIRMING THE ORDER PASSED BY THE DEPUTY COMMISSIONER OF INCOME TAX (INTL. TAXN)– CIRCLE-II(1), BANGALORE. THIS ITA COMING ON FOR FINAL HEARING THIS DAY, CHIEF JUSTICE DELIVERED THE FOLLOWING: JUDGMENT Learned counsel for the appellants has moved a memo with the submissions that in view of Circular No.3/2018 dated 11.07.2018 on the monetary limit for filing of the appeal by the Income Tax Department before the Income-Tax Appellate Tribunal, this Court as also the Hon’ble Supreme Court, this appeal is not maintainable and seeks permission to withdraw. Permission granted. The appeal is dismissed as withdrawn. Sd/- CHIEF JUSTICE Sd/- JUDGE bkv