Ita/629/2013 Of Commissioner Of Income Tax v. M/S. V.s. Lad & Sons

IN THE HIGH COURT OF KARNATAKA AT BENGALURU|ON THE 27 DAY OF OCTOBER, 2019 | BEFORE THE HON'BLE MR. JUSTICE RAVI MALIMATH AND THE HON’BLE MR. JUSTICE ASHOK S. KINAGIL INCOME TAX APPEAL NO.629 OF 2013 BETWEEN: COMMISSIONER OF INCOME TAXCENTRAL CIRCLE.BENGALURU-560 OO1. — APPELLANT. (BY SRI E.I. SANMATHI, ADVOCATE)| AND M/S. V.S. LAD AND SONS|PRASHANT NIVASKRISHNA NAGARSANDUR-583 119.BELLARY DISTRICT|KARNATAKA. RESPONDENT| (BY SRI M. LAVA, ADVOCATE) THIS INCOME TAX APPEAL IS FILED UNDER SECTION|260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER)DATED 12.07.2013 PASSED IN ITA NO.561/BANG/2012, FOR|THE ASSESSMENT YEAR 2004-2005, PRAYING THIS HON BLE COURT TO DECIDE THE FOREGOING QUESTION OF LAW AND|/ OR SUCH OTHER QUESTIONS OF LAW AS MAY BE)FORMULATED BY THE HON'’BLE COURT AS DEEMED FIT AND SET ASIDE THE APPELLATE ORDER DATED 12.0/.72013PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, “C|BENCH, BENGALURU IN APPEAL PROCEEDINGS NO. ITA|NO.561/BANG/2012 FOR THE ASSESSMENT YEAR 2004-2005|AS SOUGHT FOR IN THIS APPEAL. OK AK THIS INCOME TAX APPEAL COMING ON FOR FINAL|HEARING THIS DAY, RAVI MALIMATH J., DELIVERED THE!FOLLOWING: JUDGMENT Tne learned counsel for the appellant submit that.the appeal is not maintainable in view of the monetary|limits in terms of Circular No.1/7 of 2019 £42da08.08.2019, passed by Director (ITJ), Central Board)Direct Taxes, New Delhi. 2.|In view of the submission made, the appeal is.dismissed as such. | Sd/- JUDGE JJ Sd/- JUDGE |