Ita/558/2013 Of The Commissioner Of Income Tax v. The Davanagere Urban Cooperative
High Court
17 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/558/2013 Of The Commissioner Of Income Tax v. The Davanagere Urban Cooperative
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/558/2013 Of The Commissioner Of Income Tax v. The Davanagere Urban Cooperative, 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. 558/2013
1. THE COMMISSIONER OF INCOME TAX.
PARK VIEW BUILDING,
NO. 284/1, 4[‘T]MAIN,
P.J.EXTENSION,
DAVANGERE-577 OO2.
2. THR ADDL. COMMISSIONBR OF
INCOME TAX, DAVANAGERE BRANCH,
PARK VIEW BUILDING, NO. 284/1,
4[‘T]MAIN, P.J.EXTENSION,
DAVANAGHRE-577 OO2.
_. APPBLLANTS|
(BY SRI. K.V. ARAVIND & MS. PREETHI.J.D.-ADVs)
AND
THR DAVANAGHKRE URBANCOOPERATIVE 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 ORDERS PASSED|BY THE ITAT, BANGALORE IN ITA NO.921/BANG/2012 DATED:o./.2013, ETC.
VINEET SARAN J..DELIVERED THE FOLLOWING:
THIS ITA COMING ON FOR HEARING THIS DAY, |
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.
TTL
Sd/- |
JUDGE|
Sd/-.
JUDGE|
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