Ita/548/2013 Of The Commisioner Of Income Tax v. The Davanagere Urban Co Operative Bank Limited
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/548/2013 Of The Commisioner Of Income Tax v. The Davanagere Urban Co Operative Bank Limited
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/548/2013 Of The Commisioner Of Income Tax v. The Davanagere Urban Co Operative Bank Limited, the High Court (2015) decided the matter.
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. 548/2013
1. THE COMMISSIONER OF INCOME TAX.PARK VIEW BUILDING, NO.284/1, |4[‘T]MAIN, P.J.EXTENSION,DAVANAGERE-577 OO2.
2. THR ADDL. COMMISSIONER OFINCOME TAX, DAVANAGERE BRANCH,PARK VIEW BUILDING,NO.284/1, 4[‘T]MAIN,P.J.EXTENSION,DAVANAGHRE-5/7 OO2.. APPHLLANTS >
(BY SRI. K.V. ARAVIND & MS. PREETHI.J.D.-ADVs)
AND
THR DAVANAGHKRE URBANCOOPERATIVE BANK LIMITED,BANK LIMITED, PB ROAD,DAVANAGERE..—. RESPONDENT
(BY S. PARTHASARATHI & JINITA CHATTERJEE-ADVs)
THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDER PASSEDBY THE ITAT, BANGALORE IN ITA NO.919/BANG/2012 DATED:30./.2013, ETC.
‘THIS|ITA|COMINGON|FORHBARINGTHISDAY,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.
before the High Court has been enhanced from Rs.10 lacs to |
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|
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue