Rp/226/2022 Of Pr. Commissioner Of Income Tax-Vi v. M/S Stanley Black And Decker India Ltd

Digitally signedby SHAKAMBARILocation: HIGHCOURT OFKARNATAKA IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28 DAY OF JUNE, 2024 PRESENT THE HON'BLE MR JUSTICE H.T. NARENDRA PRASAD AND THE HON'BLE MR JUSTICE RAMACHANDRA D. HUDDAR REVIEW PETITION NO. 226 OF 2022 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX-VI BMTC COMPLEX, KORAMANGALA BANGALORE. BMTC COMPLEX, KORAMANGALA BANGALORE. 2. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE - 6 (1) (2), BENGALURU. …PETITIONERS (BY SRI. SANMATHI E I.,ADVOCATE) AND: M/S STANLEY BLACK AND DECKER INDIA LTD NO.28, AKEPMS 3RD MAIN 1ST CROSS, ASHWINI LAYOUT KORMANGALA, INTERMEDIATE RING ROAD BENGALURU - 47 PAN. …RESPONDENT (BY SRI. TANMAYEE RAJKUMAR.,ADVOCATE) THIS REVIEW PETITION IS FILED UNDER ORDER 47 RULE 1 OF CPC, PRAYING TO REVIEW THE JUDGMENT DATED 14/10/2020 PASSED IN ITA NO. 526/2016. THIS REVIEW PETITION, COMING ON FOR ORDERS, THIS DAY, H.T.NARENDARA PRASAD J, MADE THE FOLLOWING: ORDER This petition is filed seeking review of the judgment dated 14.10.2020 passed in ITA No.526/2016, whereby the appeal preferred by the revenue was dismissed in view of Circular No.17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes on the ground that the tax effect involved in the appeal is less than Rs.1 Crore. However, liberty was reserved to the petitioner herein to revive the appeal in case the matter falls within the exceptions of the Circular dated 08.08.2019. 2. The learned counsel appearing for the petitioner submits that the tax effect is more than Rs.1 Crore and sought for recalling the order. 3. Heard the learned counsel for the parties and perused the petition papers. 4. In view of the submission made above, the order dated 14.10.2020 passed in ITA No.526/2016 is recalled. The ITA No.526/2016 is restored to file. 5. Accordingly, the review petition is allowed. Sd/- JUDGE Sd/- JUDGE CM List No.: 1 Sl No.: 3