Ita/404/2012 Of The Commissioner Of Income Tax v. M/S. Pristine Hospital And Research Centre (P) Ltd

IN THR HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 21 DAY OF SKHPTRBMBER 2016 PRESENT THR HON’BLE MR.JUSTICE JAYANT PATEL AND THR HON’BLE MR.JUSTICK ARAVIND KUMAR| ITA NO.404/2012 BETWEEN: 1. THE COMMISSIONER OF INCOME TAX , C R BUILDING, QUEENS ROAD,BANGALORE. | 2. LHE DEPUTY COMMISSIONER OF INCOME-TAX,CIRCLE-95(1),CR BUILDING|QUEENS ROAD,BANGALORE. |_.. APPELLANTS _.. APPELLANTS (BY SRI.K.V.ARAVIND, ADV. FORoRI.G.KAMALADHAR, ADV.) AND: M/S. PRISTINE HOSPITAL AND RESEARCH| CENTRE (P) LTD., O/1,2 STAGE EXIN., | WEST OF CHORD ROAD,MODI EYE HOSPITAL ROAD,BANGALORE — 560 O10.. _ RESPONDENT (BY SRIA.SHANKAR & SRI. M.LAVA,ADVOCATES) THIS JTA IS FILED UNDER SEC.260-A OFL.T.ACT, 1961 ARISING OUT OF ORDER DATED)12/07/2012 PASSED IN ITA NO.11495/BANG/2011,FOR THE ASSESSMENT YEAR 2003-2004, PRAYING TO|FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW.STATED THRRBIN AND ALLOW THR APPEAL AND SET|ASIDE THE ORDERS PASSED BY THE MITAT,|BANGALORE IN ITA NO.1145/BANG/2011 DATED12/07/2012 CONFIRMING THE ORDER OF THE)APPELLATE COMMISSIONER AND CONFIRM THE!ORDBR PASSED BY THR DBPUTY COMMISSIONER OF|INCOME TAX, CIRCLE-o(1), BANGALORE, IN THEINTEREST OF JUSTICE AND EQUITY. | THIS APPKBAL COMING ON FOR HBARING THISDAY,JAYANT PATEL J., DELIVERED THE FOLLOWING: JUDGMBNT When the matter is taken up for hearing, thelearned counsel appearing for the Revenue states thatas per the Circular dated 10.12.2015 issued by the Central Board of Direct Taxes (‘CBDT” for short), as the monetary limit for pursuing the appeal is raised fromRs.10,00,000/- (Ten Lakhs) to Rs.20,00,000/- (Twentylakhs) for the High Court litigation and same wouldapply to all pending matters and as the subject matterof the present appeal is not exceeding Rs.20 lakhs, hedoes not press the present appeal. Hence, the appeal shall stand disposed of as notpressed. ok/- Sd/-.JUDGE| Sd/-.JUDGE|