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Ita/49/2011 Of The Commissioner Of Income Tax v. M/S Hml Agencies Pvt Ltd

High Court 17 Dec 2015 In favour of: Assessee

Forum / Bench

High Court · karnataka_bng_old

Parties

Date of order

17 Dec 2015

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Ita/49/2011 Of The Commissioner Of Income Tax v. M/S Hml Agencies Pvt Ltd, 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

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. 49/2011 1.THERE COMMISSIONER OFINCOME TAX, CENTRAL CIRCLE,C.R.BUILDING, ATTAVARA,MANGALORE.INCOME TAX, CENTRAL CIRCLE,C.R.BUILDING, ATTAVARA,MANGALORE. «|THE ASSISTANT COMMISSIONEROF INCOME-TAX, CENTRAL CIRCLE, C.R.BUILDING, ATTAVARA,MANGALORE._APPBLLANTS| (BY SRI. K.V. ARAVIND & MS. PREETHI.J.D.-ADVs) AND M/S HML AGENCIES PVT. LTD.,NO.201, VEE KAY TOWERS,KULUR BANGRA ROAD,KULUR, MANGALORE.| —. RESPONDENT (BY SRI. A. SHANKAR & SRI. M.LAVA-ADVs) THIS ITA IS FILED U/S 260-A OF LT. ACT, 1961, PRAYING|TOSETASIDE.THREORDERSPASSEDBY|THREITAT,BANGALORE IN ITA NO. 1209/BANG/2009, DATED 30.06.2010AND IN MP NO. 103/BANG/2010 DATED: 07.01.2011, ETC. THIS ITA COMING ON FOR HEARING THIS DAY,VINEET SARAN J..DELIVERED THE FOLLOWING: 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. 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| od/-/ JUDGE|

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