Ita/382/2014 Of Commissioner Of Income Tax-Iii v. Shri K T Ramanna
High Court
17 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/382/2014 Of Commissioner Of Income Tax-Iii v. Shri K T Ramanna
Date of order
17 Dec 2015
Assessment year(s)
2006-2007
Outcome
Dismissed
Case summary
In Ita/382/2014 Of Commissioner Of Income Tax-Iii v. Shri K T Ramanna, the High Court (2015) dismissed the appeal. The decision went in favour of the assessee.
Decision: 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 stands—dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
The order — as passed by the High Court
THR 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. 382/2014
1.COMMISSIONER OF INCOME
TAX-IIT, CENTRAL REVENUE BUILDINGS,
QUEENS ROAD, BANGALORE-560 OO1..
«|ASSISTANT COMMISSIONEROF 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-ADYV)
THIS [TA IS FILED UNDER SECTION 260-A OF [INCOMETAX ACT 1961, PRATYING TO SEIT ASIDE THE APPELLATEORDER DATED: 5.3.2014 PASSED BY THE ITAT, ‘B’ BENCH,|BANGALORE,IN|APPEALPROCHBDINS|NO._ITANO.18/BANG/2014 FOR ASSESSMENT YEAR 2006-2007.
‘THIS|ITA|COMING|ON|KORHBARING.THIS|VINEET SARAN J..DELIVERED THE FOLLOWING:
DAY,
JUDGMENT
Learned counsel for the appellants-Revenue has/placed 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 been)clarified that the same will apply retrospectively to pendingappeals 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 stands—dismissed.
TL
Sd/-.JUDGE|
Sd/-.
JUDGE|
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