Ita/547/2013 Of The Commisioner Of Income Tax v. The Davanagere Urban Co Operative Bank Limited
High Court
17 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/547/2013 Of The Commisioner Of Income Tax v. The Davanagere Urban Co Operative Bank Limited
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/547/2013 Of The Commisioner Of Income Tax v. The Davanagere Urban Co Operative Bank Limited, 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. 547/2013
1. THE COMMISSIONER OF INCOME TAXPARK VIEW BUILDING, NO.284/1, |
4[‘T]MAIN, P.J.EXTENSION,DAVANAGERE-577 OO2.DAVANAGERE-577 OO2.
2. THR ADDL. COMMISSIONER OFINCOME TAX, DAVANAGERE BRANCH,PARK VIEW BUILDING,NO.284/1, 4[‘T]MAIN, P.J.EXTENSION,DAVANAGERE-577 OO2._ APPBRLLANTS)
(BY SRI. K.V. ARAVIND & MS. PREETHI.J.D.-ADVs)
AND
THR DAVANAGHKRE URBANCO OPERATIVE BANK LIMITED,PB ROAD, DAVANAGERE. |
—. RESPONDENT
(BY SRI. S.PARTHASARATHI & MS. JINITA CHATTERJEE-ADVs)
THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE PASSED BY THE|ITAT, BNAGALORE IN ITA NO.920/BANG/2012 DATED: 5.7.2013,BTC. |
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.
before the High Court has been enhanced from Rs.10 lacs to |
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.
Sd/- |JUDGE|
Sd/-.
JUDGE|
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