Ita/539/2014 Of Commissioner Of Income Tax v. M/S Manipal Technologies Ltd
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/539/2014 Of Commissioner Of Income Tax v. M/S Manipal Technologies Ltd
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
The order — as passed by the High Court
Case summary
In Ita/539/2014 Of Commissioner Of Income Tax v. M/S Manipal Technologies Ltd, the High Court (2015) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
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. 5339/201
1.COMMISSIONER OF INCOME TAXMANGALORE.MANGALORE.
«|THR DBPUTY COMMISSIONEROF INCOME TAX.CIRCLE-1,OF INCOME TAX.CIRCLE-1,
UDUPI-5 /6103.
... APPBLLANTS|
(By Sri. E ITSANMATHI, ADV.,)
AND
M/S MANIPAL TECHNOLOGIES LTD(FORMERLY KNOWN AS MANIPAL PRESS LTD)UDAYAVANI BUILDING,MANIPAL-576104.PAN:AABCM 9516H
_. RESPONDENT
(By Sri. S.PARTHASARATHI & Ms. JINITA CHATTERJEE, ADVs. )
This Income Tax Appeal is filed Under Sec.260-A of IncomeTax Act 1961, praying to set aside the common appellate orderdated 18.7.2014 passed by the ITAT ‘C’ Bench, Bangalore, inappeal proceedings No.ITA No.890/Bang/2013, etc.
THIS APPEAL COMING ON FOR ADMISSION THIS DAY,»VINEET SARAN J..DELIVERED THE FOLLOWING:
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.
TTL
Sd/-.JUDGE|
Sd/-.
JUDGE|
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