Ita/466/2018 Of The Pr Commissioner Of Income Tax v. Shri Srinivas Rao Hoskote

IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE 4 DAY OF DECEMBER, 2018 | BEFORE THE HON'BLE MR. JUSTICE RAVI MALIMATH AND. THE HON’BLE MR.JUSTICE K.NATARAJAN INCOME TAX APPEAL NO.466 OF 2018 BETWEEN: 1.|THE PR. COMMISSIONER OF INCOME TAX.5TH FLOOR, BMTC BUILDING |80 FEET ROAD, KORMANGALA_BENGALRUU - 560095|5TH FLOOR, BMTC BUILDING |80 FEET ROAD, KORMANGALA_BENGALRUU - 560095| 2 |THE ASSISTANT COMMISSIONER OF INCOME TAXCIRCLE - 2 (3) (1)2ND FLOOR, BMTC BUILDING |80 FEET ROAD, KORMANGALA_BENGALURU - 560095|CIRCLE - 2 (3) (1)2ND FLOOR, BMTC BUILDING |80 FEET ROAD, KORMANGALA_BENGALURU - 560095| .., APPELLANTS (BYSRI!K V ARAVIND, ADVOCATE) AND" SHRI.SRINIVAS RAO HOSKOTENO.4 OF 7, 3RD FLOOR ~SIDDA ENCLAVE, NEHRUNAGAR1ST MAIN ROAD, SESHADRIPURAM |BENGALURU -560070PAN: AAEPH 8477]. .., RESPONDENT THIS INCOME TAX APPEAL [IS FILED UNDER SECTION260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER|DATED|21.02.2018PASSEDININCOMETAX.APPEALNO.1154/BANG/2015, FOR THE ASSESSMENT YEAR 2010-2011, VIDE ANNEXURE-'C’,, PRAYING THIS HON BLE COURTTO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE; ALLOW THE APPEAL AND SET ASIDE THE)ORDERS PASSED BY THE INCOME-TAX APPELLATE TRIBUNAL,BENGALURU IN INCOME TAX APPEAL NO.1154/BANG/2015|DATED 21.02.2018, VIDE ANNEXURE-'C'’, CONFIRMING THEORDER OF THE APPELLATE COMMISSIONER AND CONFIRM.THE ORDER PASSED BY THE ASSISTANT COMMISSIONER OF.INCOME TAX, CIRCLE-2(3)(1), BENGALURU AND TO PASS|SUCH OTHER SUITABLE ORDERS AS THIS HON BLE COURT|DEEMS FIT TO GRANT IN THE FACTS AND CIRCUMSTANCES.OF THE CASE IN THE INTEREST OF JUSTICE AND EQUITY. | OK AK THIS INCOME TAX APPEAL COMING ON FOR ORDERS|THIS DAY, RAVI MALIMATH J., DELIVERED THE FOLLOWING: JUDGMENT The learned counsel for the appellants submit that the|appeal is not maintainable in view of the monetary limits and|also in terms of Circular No.3 of 2018 dated 11.07.2018|passed by Director (ITJ), Central Board Direct Taxes, New|Delnl. 2 |In view of the submission made, the appeal is dismissed as such. | SD/- SD/- JUDGE | JUDGE *pgn/-.