Ita/91/2011 Of Commissioner Of Income Tax-Iii v. P F X Saldanha & Sons
High Court
17 Dec 2015 In favour of: Unclear
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/91/2011 Of Commissioner Of Income Tax-Iii v. P F X Saldanha & Sons
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Other
Case summary
In Ita/91/2011 Of Commissioner Of Income Tax-Iii v. P F X Saldanha & Sons, the High Court (2015) decided the matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
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. 91/2011C/WITA No. 92/2011, ITA No. 93/2011,1ITA No. 94/201ITA No. 95/2011, ITA No. 96/2011
BRIWEHEN
1. COMMISSIONER OF INCOME TAX-III,C.R.BUILDINGS, QUEENS ROAD,BANGALORE — 560001.
2. INCOME TAX OFFICER,
WARD 2(2), MANGALURU. ... APPELLANTS
(COMMON)
(BY SRI.E.LSANMATHI-ADV) |
AND:
P.F.X.SALDANHA & SONS,|D.NO.7-21-1498,|HIGH LAND COFFEE WORKS,FALNIR, MANGALORE. ... RESPONDENT
(COMMON)
(BY SRI.A.SHANKAR & SRI.M.LAVA — ADVs)
THESE JITAs ARE FILED UNDER SECTION 260A OFINCOME TAX ACT, 1961, PRAYING TO SET ASIDE THEAPPELLATE ORDER DATED 19.11.2010 PASSED BY THE ITAT,“B’|BENCH,BANGALOREIN|ITA|Nos.696/BANG/2010,697/BANG/2010,100/BANG/2010, 699/BANG/2010,698/BANG/2010 AND 116/BANG/2010 RESPECTIVELY, 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|
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