Ita/71/2012 Of The Commissioner Of Income Tax v. M/S. Advanta India Ltd
High Court
17 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/71/2012 Of The Commissioner Of Income Tax v. M/S. Advanta India Ltd
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/71/2012 Of The Commissioner Of Income Tax v. M/S. Advanta India Ltd, 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. 71/2012
1. THE COMMISSIONER OF INCOME TAX.
C.R.BUILDING, QUEENS ROAD, ©
BANGALORE. |
2. THERE DEPUTY COMMISSIONER OFINCOME TAX, CIRCLE 11(1),INCOME TAX, CIRCLE 11(1),
C.R.BUILDING, QUEENS ROAD, ©
BANGALORE. |_ APPBRLLANTS)
(BY SRI. K.V. ARAVIND & Ms. PREETHI.J.D-ADVs)
AND
M/S ADVANTA INDIA LTD.,AGRICULTURAL RESEARCH STATION ,KOPPA ROAD, BEGUR P.O, |BANGALORE-560 O68. .. RESPONDENT
(BY SRI. P.DINESH-ADV)
THIS TIA IS FILED UNDER SECIION BJoO0O0A OF INCTAX ACT, 1961, PRAYING TO SET ASIDE THE ORDER DATED23.11.2011 PASSED BY THE ITAT, BANGLORE IN ITA NO.|824/BANG/2010, ETC. —
THIS ITA COMING ON FOR HEARING THIS DAY, |
VINEET SARAN J..DELIVERED THE FOLLOWING:
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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