Ita/559/2013 Of The Commissioner Of Income Tax v. M/S Bapuji Co Operative Bank Ltd

IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28 DAY OF AUGUST, 2019 PRESENT THE HON'BLE MR.JUSTICE L. NARAYANA SWAMY AND THE HON BLE MR.JUSTICE R. DEVDAS| INCOME TAX APPEAL No.559/ 201 BETWEEN: 1.THE COMMISSIONER OF INCOME TAX.PARK VIEW BUILDING,NO.284/1, 4 MAIN,|PJ EXTENSION, DAVANAGERE-5/77 OO2. 2 |THE ADDL COMMISSIONER OF INCOME TAX|DAVANAGERE RANGE,PARK VIEW BUILDING,NO.284/1, 4 MAIN,|PJ EXTENSION,DAVANAGERE-5//7 OO2... APPELLANTS (BY SRI K.V.ARAVIND & SRI DILIP M., ADVS.) AND: M/S BAPUJI CO OPERATIVE BANK LTD.H M ROAD, DAVANAGERE.. RESPONDENT (BY SMT.SHETAL & SRI S.PARTHASARATHI, ADVS.) THIS ITA IS FILED UNDER SECTION JZ60-A OF INCOME TAX ACT1961, ARISING OUT OF ORDER DATED 14/08/2013 PASSED IN ITA.NO. 915/BANG/2012, FOR THE ASSESSMENT YEAR 2007-2008|PRAYING TO: 1. FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW| STATED ABOVE. 2. ALLOW THE APPEAL AND SET ASIDE THE ORDERS|PASSED BY THE ITAT, BANGALORE IN ITA NO.915/BANG/2012|DATED:14/08/2013 AND CONFIRM THE ORDER OF THE APPELLATE.COMMISSIONER CONFIRMING THE ORDER PASSED BY THE ADDL.|COMMISSIONEROF.INCOME|TAX,DAVANAGERERANGE,DAVANAGERE. THIS ITA COMING ON FOR HEARING, THIS DAY,DEVDAS J“FfDELIVERED THE FOLLOWING: JUDGMENT The learned counsel for the appellant-Revenue brings tothe notice of this Court a Circular bearing No.1/7 of 2019 datedO8[:.]August, 2019 wherein the further enhancement of monetary|limit for filing of appeals by the Departments before the Income-Tax Appeliate Tribunals, High Courts and Special LeavePetitions/Appeals before the Supreme Court stands amended,and by the said amendment the earlier monetary limit ofRs.50,00,000/- (Rupees fifty lakh) has not been raised toRs.1,00,00,000/- (Rupees one crore). The earlier monetary limitwas prescribed as per Circular No.3 of 2018 dated 11[:.]July,2018. In tne light of the same, the learned counsel submits that|the appeal is not maintainable and in view of the Circular, the|appeal may be permitted to be withdrawn. Further, the learned|counsel would also draw the attention of this Court to Clause 10| of the Circular No.3 of 2018 dated 11[:.]July, 2018 wherein|certain exceptions are carved out. Tne learned counsel submitsthat at the present stage it may not be possible for him toSubmit whether the matter falls under any of the exceptions. |Therefore, it is prayed that liberty may be reserved to theappellants to move tnis Court, if it is found that the matter fallswithin the exception carved out in Clause 10 of Circular bearingNumber 3 of 2018. 2. On the query of the Court as to wnether the Circular is |applicable to pending matters, the learned counsel draws theattention of this Court to the communication dated 20[:.]AUGUST,2019 made by the Central Board of Direct Taxation to all theChief Commissioners of Income Tax clarifying at paragrapn No.3that the monetary limit prescribed in Circular No.17 of 2019 isapplicable to all pending Special Leave Petitions, Appeals, CrossObjections and References. 3. In view of the above, we permit the appellant to)withdraw the appeal for the reasons stated above. Liberty isalso granted to the appellant to seek revival of this appeal, if it is 96734�:.1:�:./�A1::/2�91008�@>:.>3�:./�/C5/;:>63�512</4�67:�>3� �0178/����69��>257012�=/12>3?��6�,�69������� 033� ����������� �����������