Ita/381/2014 Of Commissioner Of Income Tax-Iii v. Shri K T Ramanna
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/381/2014 Of Commissioner Of Income Tax-Iii v. Shri K T Ramanna
Date of order
17 Dec 2015
Assessment year(s)
2005-06
Outcome
Other
Case summary
In Ita/381/2014 Of Commissioner Of Income Tax-Iii v. Shri K T Ramanna, the High Court (2015) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
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. 381/2014
1.COMMISSIONER OF INCOME
TAX-IIT, CENTRAL REVENUE BUILDINGS,
QUEENS ROAD, BANGALORE-560 OO1..
«|ASSISTANT COMMISSIONER
OF INCOME TAX, CIRCLE 7(2),
BANGALORE.»
. APPHLLANTS >
(BY SRI. E.I. SANMATHI-ADV)
AND
SHRI. K.T.RAMANNANO.13/2, 2 FLOOR,' CROdSs, GANDHINAGAR,BANGALORE.»
.. RESPONDENT
(BY SRI. N.MANOHAR-ADV)
THIS [TA IS FILED UNDER SECTION 260-A OF [INCOMETAX ACT 1961, PRAYING TO SET ASIDE THE APPELLATE ORDERDATED:5.3.2014PASSED)BY|THREITAT.“B’|BENCH,BANGALORE,IN|APPEAL.PROCHBDINGS~NO. ITANO.17/BANG/2014 FOR THE ASSESSMENT YEAR 2005-06.
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.
before the High Court has been enhanced from Rs.10 lacs to |
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|
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