Ita/868/2018 Of The Pr Commissioner Of Income Tax v. M/S Broadcom India Pvt 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.868/ 201 BETWEEN: 1.THE PR COMMISSIONER OF INCOME TAX# FLOOR, BMTC BUILDING80 FEET ROAD, KORMANGALABENGALURU-560 O952 |THE DEPUTY COMMISSIONER OFINCOMET TAX, CIRCLE-11(2).PRESENT ADDRESS|DCIT CIRCLE-1 (1)(2)|2 FLOOR, BMTC BUILDING.8O FEET RAOD, KORAMANGALABENGALURU-560 O95.., APPELLANTS (BY SRI K.V.ARAVIND & SRI DILIP M., ADVS.) AND: M/s BROADCOM INDIA PVT LTD |CAMPUS 3A, RMZ ECOSPACE# FLOOR, BELLANDUR VILLAGEVARTHUR HOBLI, BENGALURU-560 037PAN: AABCBO6063E... RESPONDENT (BY SRI T.SURYANARAYANA, ADV.) THIS ITA IS FILED UNDER SECTION JZ60-A OF INCOME TAX ACT1961, ARISING OUT OF ORDER DATED 03.08.2018 PASSED IN ITA.NO.1514/BANG/2010, FOR THE ASSESSMENT YEAR 2006-200/,|PRAYING TO: I, FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW|STATED ABOVE. II. ALLOW THE APPEAL AND SET ASIDE THE ORDERSPASSED BY THE INCOME-TAX APPELLATE TRIBUNAL, BENGALURU IN)ITA NO. 1514/BANG/2010 DATED: 03.08.2018 FOR ASSESSMENT.YEAR: JZOOQ6O-2ZO0/7 ANNEXURE-D AND CONFIRM THE ORDER OFDRPCONFIRMINGTHE|ORDER|PASSEDBY|THEDEPUTYCOMMISSIONER OF INCOME TAX, CIRCLE-1(1)(2), BENGALURU. THIS ITA COMING ON FOR ORDERS, THIS DAY,DEVDAS J“FfDELIVERED THE FOLLOWING: JUDGMENT The learned counsel for the appellant-Revenue brings totne notice of this Court a Circular bearing No.1/7 of 2019 datedO8[;0]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[;0]July,2018. In the light of the same, the learned counsel submits that|tne appeal is not maintainable and in view of the Circular, the| appeal may be permitted to be withdrawn. Further, the learnedcounsel would aliso draw the attention of tnis Court to Clause 10of the Circular No.3 of 2018 dated 11[;0]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 this 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[;0]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 towithdraw tne appeal for the reasons stated above. Liberty isalso granted to the appellant to seek revival of this appeal, if it isfound tnat the matter falls within the exception carved out inClause 10 of Circular bearing No.3 of 2018. inn. Sd/-JUDGE Sd/-JUDGE