Ita/683/2008 Of The Commissioner Of Income-Tax v. Sri K N Surendra Reddy

IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE: DAY OF AUGUST, 2014 PRESENT THR HON’BLE MR.JUSTICE N. KUMAR AND THR HON’BLE MRS..JUSTICK RATHNAKALA INCOME TAX APPEAL NO.683 OF 2008c/wINCOME TAX APPEAL NO.682 OF 2008INCOME TAX APPEAL NO.684 OF 2008 BRHTIWHR 1.The Commissioner of Income-tax,C.R Building,Queens Road,Bangalore 2.The Income-Tax Officer, Ward-7(4), C.R Building, Queens Road,Bangalore .. APPELLANTS(common in all above Appeals) (By Sri K.V. Aravind, Adv. in I.T.A. NO.682/2008;By Sri M.Thirumalesh, Adv. in I.T.A. NO.683/2008and I.T.A. NO.684/2008) AND: sri. K.N. Surendra Reddy|Kartha of HUF & Master Karthik,No.109, 7[+ ]‘C’ Main,D[+ ]Block, Koramangala, |Bangalore — 560 O95. ~ RESPONDENT |(Common in all above Appeals) (By Sri A.Shankar and Sri M.Lava, Advs.) These Income Tax Appeal Nos.683/2008, 682/2008 &684/2008 are filed under Section 260-A of I.T. Act, 1961|arising out of common Orders dated 18-01-2008, passed in ITA Nos.438/BNG/2006, 437/BNG/2006 & 439/BNG/2006|respectively, and corrigendum dated 01-02-2008 for the|Assessment Years 1997-1998, 1999-2000 & 1998-1999,|praying that this Hon'ble Court may be pleased to: 1.formulate the substantial questions of law stated.therein,therein, ll.allow the appeals and set aside the orders passed by|the ITAT Bangalore in ITA Nos.438/BNG/2006,|437/BNG/2006 & 439/BNG/2006, dated 18-01-2008and corrigendum dated 01-02-2008 and confirm the|orders of the Appellate Commissioner and Income Tax.Officer, Ward 7(4), Bangalore.the ITAT Bangalore in ITA Nos.438/BNG/2006,|437/BNG/2006 & 439/BNG/2006, dated 18-01-2008and corrigendum dated 01-02-2008 and confirm the|orders of the Appellate Commissioner and Income Tax.Officer, Ward 7(4), Bangalore. These Appeals coming on for hearing this day,N. KUMAR °*delivered the following: | JUDGMENT These three appeals are preferred by the revenuechallenging the order passed by the Commissioner ofIncome Tax under Section 263 of the Income Tax Act,1961. 2. The net tax effect in all the three appeals is as under: a. ITA No.683/2008 — Rs.23,000 /- b. ITA No.682 /2008 — Rs.40,000/- c. ITA No.684/2008 — Rs.38,000/- The net tax effect is less than Rs.4,00,000/-. As per thecircular No.2 of 2005 dated 24.10.2005, the appeals arenot maintainable. Accordingly, the appeals aredismissed on the ground that the net tax effect beingless than Rs.4,00,000/-. 3. Office is directed to show the name of Sri'E.I.Sanmathi,learnedCounselaS|appearingforappellants in ITA Nos.683/2008 and 6084/2008 in theplace oT|Sri.Thirumalesh,learnedCounsel for.appellants. Sd/-. JUDGE. Sd/-. JUDGE