Ita/519/2014 Of The Commissioner Of Income Tax-Iii v. Smt.prameela Krishna

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. 5519/201 1.THERE COMMISSIONER OFINCOME TAX-ITI,REVENUE BUILDINGS,QUEENS ROAD,BANGALORE -560 OO1.INCOME TAX-ITI,REVENUE BUILDINGS,QUEENS ROAD,BANGALORE -560 OO1. «|THE INCOME TAX OFFICER,WARD 1(2), MYSORE.WARD 1(2), MYSORE. _ APPBRLLANTS) (BY SRI. E.I. SANMATHI-ADV) AND SMT. PRAMBBLA KRISHNA|NO.33, SHALIVAHANA ROAD,NAZARBAD, MYSORE.PAN AJJPP 44560F. .. RESPONDENT (BY SRI. ASHOK A. KULKARNI-ADV) THIS [TA IS FILED UNDER SBCTION JO0A OF [INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE COMMON|APPELLATE ORDER DATED: 18.7.2014 PASSED BY THE INCOME,TAX APPELLATE TRIBUNAL, “B’ BENCH, BANGALORE, IN APPEAL|PROCEEDINGS NO.ITA NO.75/BANG/2013 FOR ASSESSMENTYKEAR 1995-96. ‘THIS|ITA|COMING|ON|KORHBARING.THIS|VINEET SARAN J..DELIVERED THE FOLLOWING: DAY, 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|