Ita/88/2010 Of The Commissioner Of Income Tax v. M/S M K Agrotech Pvt Ltd

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. 88/2010 C/W ITA NO.89/2010 BRIWEHEN 1. THE COMMISSIONER OF INCOME TAX,|NO.55/1, SHILPASHREE,VIDYARANYA COMPLEX,|VISHVHBSHWARANAGAR|MYSORKBE.|NO.55/1, SHILPASHREE,VIDYARANYA COMPLEX,|VISHVHBSHWARANAGAR|MYSORKBE.| 2. THR ADDL. COMMISSIONBR OF INCOME TAXRANGE-2, NO.59/1, SHILPASHREE,VIDYARANYA COMPLEX,|VISHVESHWARANAGAR,|RANGE-2, NO.59/1, SHILPASHREE,VIDYARANYA COMPLEX,|VISHVESHWARANAGAR,| MYSORKBK. _. APPBLLANTS (COMMON) | (BY SRI.K.V.ARAVIND & MS.PREETHI.J.D-ADVs) ANT) M/S M.K. AGROTECH PVT., LTD., |M.B.ROAD, SRIRANGAPATNA,MANDYA DISTRICT. .. RESPONDENT(COMMON) | MANDYA DISTRICT. .. RESPONDENT (BY SRI.A.SHANKAR & M.LAVA-ADVs) THESE IJTAs ARE HILED UNDER SEHECIION J6O00INCOME TAX ACT, 1961, PRAYING TO SET ASIDE THE ORDERS—PASSED BY THE ITAT, BANGALORE IN ITA Nos.443/BNG/2009AND 401/BANG/2009 RESPECTIVELY DATED: 30.09.2009, ETC. | THESE ITAs 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 appeals is below the|specified limit of Rs.20 lacs. 3.Accordingly, in view of the Circular No.21/2015dated 10.12.2015, the tax effect in these appeals being less|than Rs.20 lacs, the appeals standdismissed. TTL Sd/- | JUDGE| Sd/-. JUDGE|