Ita/8/2012 Of The Commissioner Of Income Tax v. Shri G T Vishwanathan
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/8/2012 Of The Commissioner Of Income Tax v. Shri G T Vishwanathan
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/8/2012 Of The Commissioner Of Income Tax v. Shri G T Vishwanathan, the High Court (2015) decided the matter.
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. 8/2012
1. THE COMMISSIONER OF INCOME TAX.
C.R.BUILDING, QUEENS ROAD,
BANGALORE. |
2. THE INCOME TAX OFFICER,WARD-1(2), C.R.BUILDING,WARD-1(2), C.R.BUILDING,
QUEENS ROAD, BANGALORE. |. APPHLLANTS >
(BY SRI. K.V. ARAVIND & MS. PREETHI.J.D-ADVs) |
AND
SHRI. G.T. VISHWANATHANNO.4, “MARY VILLA’,PARANJYOTHI ROAD,|FRAZER TOWN,BANGALORE-560 OOD. .. RESPONDENT
(BY SRI. A. SHANKAR & SRI. M.LAVA-ADVs)
THIS TIA IS FILED UNDER SECIION BJoO0O0A OF INCTAX ACT, 1961, PRAYING TO SET ASIDE THE ORDER DATED:|30.88.2011PASSED BYTHREITAT,BANGALOREIN|ITA|NO.1443/BANG/2010, ETC.
THIS ITA COMING ON FOR HEARING THIS DAY, |VINEET SARAN J..DELIVERED THE FOLLOWING:
JUDGMENT
Learned counsel for the appellants-Revenue hasplaced 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 beenclarified that the same will apply retrospectively to pending|appeals 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 standsdismissed.
TTL
Sd/- |JUDGE|
Sd/-.
JUDGE|
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