Ita/92/2010 Of The Commissioner Of Income Tax v. Sri B M Siyal

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. 92/2010 1. THE COMMISSIONER OF INCOME TAX.CENTRAL CIRCLE, _ C.R.BUILDING, QUEENS ROAD, BANGALORE. | 2. THR ASSISTANT COMMISSIONEROF INCOME TAX, | CENTRAL CIRCLE-1(2), QUEENS ROAD, BANGALORE. | _ APPBRLLANTS (BY SRI. K.V. ARAVIND & MS. PREETHI.J.D.-ADVs) AND SHRI. B.M. SIYAL|PROP. B.M.ELECTRICALS,NO.18, INFANTRY ROAD CROSS,BANGALORE._ RBSPONDENT (BY SRI.S.PARTHASARATHI & JINITA CHATTERJEE-ADVs) THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE ORDER PASSEDBY THE ITAT, BANGALORE IN ITA NO.276/BANG/2009 DATED)9.1.2009, ETC. VINEET SARAN J..DELIVERED THE FOLLOWING: THIS ITA COMING ON FOR HEARING THIS DAY, 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. before the High Court has been enhanced from Rs.10 lacs to | 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. TL Sd/-.JUDGE| Sd/-. JUDGE|