Ita/39/2012 Of The Commissioner Of Income Tax v. M/S Bosch Limited
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/39/2012 Of The Commissioner Of Income Tax v. M/S Bosch Limited
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/39/2012 Of The Commissioner Of Income Tax v. M/S Bosch Limited, 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. 39/2012
1. THE COMMISSIONER OF INCOME TAX,|
LIU, Jss TOWERS, Bod III STAGE,
BANGALORE. |
2. THE DY. COMMISSIONER OF [INCOME
TAX LTU, JSS TOWERS, BsJ HI STAGE,
BANGALORE. .. APPELLANTS
(BY SRI.K.V.ARAVIND & MS.PREETHI.J.D—ADVs)
AND
M/S BOSCH LIMITED,(FORMERLY MOTOR INDUSTRIES CO LTD..,)HOSUR ROAD, ADUGODI,
BANGALORE-560030. ... RESPONDENT
(BY SRI.T.SURYANARAYANA FOR KING & PARTRIDGE, ADV..,)
THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDERS PASSEDBY THE ITAT, BANGALORE IN ITA NO.1407/BANG/2010 DATED: 77.10.2011, ETC.
THIS TTA 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.
Sd/-.
JUDGE|
Sd/-.
JUDGE|
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