Ita/93/2013 Of Deputy Commissioner Of Income Tax v. Shri B B Shankar
High Court
17 Dec 2015 In favour of: Assessee
Forum / Bench
High Court · karnataka_bng_old
Parties
Ita/93/2013 Of Deputy Commissioner Of Income Tax v. Shri B B Shankar
Date of order
17 Dec 2015
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/93/2013 Of Deputy Commissioner Of Income Tax v. Shri B B Shankar, the High Court (2015) dismissed the appeal. The decision went in favour of the assessee.
Decision: 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 stands—dismissed.
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. 93/2013
1. DEPUTY COMMISSIONER OF |
INCOME TAX, CENTRAL CIRCLE,
MYSORE.
2. LHE INCOME TAX OFFICER, ~WARD - 1, HASSAN.WARD - 1, HASSAN.
. APPHLLANTS >
(BY SRI. E.I. SANMATHI-ADV)|
AND
SHRI. B.B. SHANKARKUMVARAHALLI P.O. VIAYESLUR, SAKALESHPUR TALUK,|HASSAN-573 137.
—. RESPONDENT
(BY SRI. M. RAMAKRISHNA-ADV)
THIS ITA IS FILED UNDER SECTION Q6O0A OF INCOMETAX ACT, 1961, PRAYING TO SET ASIDE THE APPELLATEORDER DATED: 19.10.2012 PASSED BY THE ITAT ‘C’ BENCH,|BANGALORE,IN|APPEALPROCHBDINGS|ITA|NO.1317/BANG/2011, ETC.,THIS TTA COMING ON FOR HEARING THIS DAY,VINEET SARAN J..DELIVERED THE FOLLOWING:
JUDGMENT
Learned counsel for the appellants-Revenue has/placed 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 been)clarified that the same will apply retrospectively to pendingappeals 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 stands—dismissed.
TL
Sd/- |
JUDGE|
Sd/-.
JUDGE|
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