Ita/460/2013 Of Commissioner Of Income Tax v. M/S Vanshee Builders And
High Court
22 Apr 2021 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/460/2013 Of Commissioner Of Income Tax v. M/S Vanshee Builders And
Date of order
22 Apr 2021
Assessment year(s)
2007-08
Outcome
Dismissed
Case summary
In Ita/460/2013 Of Commissioner Of Income Tax v. M/S Vanshee Builders And, the High Court (2021) dismissed the appeal. The decision went in favour of the assessee.
Decision: The aforesaid submission could not be disputed by the learned counsel for the revenue. | a4In view of the circular dated 08.08.2019, the appeal is dismissed on the ground of monetary limit.
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 BENGALURUDATED THIS THE 22 DAY OF APRIL 2021
PRESENT
THE HON’BLE MR. JUSTICE ALOK ARADHE
AND|
THE HON’BLE MR. JUSTICE M.G.S. KAMAL|
1T.A. NO.460 OF 2013
BETWEEN:
1.COMMISSIONER OF INCOME TAX.
BANGALORE-IIL
BANGALORE.
2.|INCOME TAX OFFICER|
WARD 12(2), BANGALORE.|
.... APPELLANTS
(BY MR. JEEVAN J. NEERALGI, ADV.,).
AND:
M/S. VANSHEE BUILDERS AND
DEVELOPERS P. LTD.,
NOQ,.684, 9TH A MAIN BINNAMANGAL1ST STAGE, INDIRANAGAR|
BANGALORE-5600 34.
... RESPONDENT
(BY MR. A. SHANKAR, SR. COUNSEL A/W
MR. RAVISHANKAR, ADV., FOR
MR. M. LAVA, ADV.,)
THIS I.T.A. IS FILED UNDER SEC. 2Z60-A OF INCOME TAXACT 1961, ARISING OUT OF ORDER DATED 12.04.2013 PASSED|ITA NO.536/BANG/2011, FOR THE ASSESSMENT YEAR 2007-08,|PRAYING TO.
(i) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW.STATED THEREIN.
(ii) ALLOW THE APPEAL AND SET ASIDE THE ORDERPASSED BY THE ITAT, BANGALORE IN ITA NO.536/BANG/2011|DATED 12.04.2013.
THIS ILT.A. COMING ON FOR’ HEARING, THIS DAY, |ALOK ARADHE J.,DELIVERED THE FOLLOWING:
JUDGMENT
Sri. A. Shankar, learned Senior Counsel along with|
Srl.Ravishankar,|learnedcounsel|for |
Sri. M Lava, learned counsel for the assessee.
Sri. Jeevan J. Neeralgi, learned counsel for the)revenue.
2.|Tnis appeal under Section 260-A of the
Income Tax Act, 1961 has been field by the revenueagainst the order dated 12.04.2013 of the Income Tax.Appellate Tribunal, Bengaluru. ©
3.When the matter was taken up today, learnedcounsel for the assessee submitted that the appeal may
pe entertained in view of the circular dated 08.08.2019.
issued by the Government of India, Department ofRevenue, Central Board of Direct Taxes, Judicial Section.
as in the instant case, it is less than Rupees One Crore.
The aforesaid submission could not be disputed by the
learned counsel for the revenue. |
a4In view of the circular dated 08.08.2019, the
appeal is dismissed on the ground of monetary limit.
Mds/-
Sd/-
JUDGE
JUDGE
Sd/-
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