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IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 7TH DAY OF SEPTEMBER 2020
PRESENT
THE HON’BLE MR. JUSTICE ALOK ARADHE
AND
THE HON’BLE MR. JUSTICE H.T.NARENDRA PRASAD
I.T.A. NO.358 OF 2011
BETWEEN:
THE DIRECTOR OF INCOME-TAX
(INTERNATIONAL TAXATION)
RASHTROTHANA BHAVAN
NRUPATHUNGA ROAD
BANGALORE.
THE DEPUTY DIRECTOR OF INCOME TAX
INTERNATIONAL TAXATION
CIRCLE-1(1)
RASHTROTHANA BHAVAN
NRUPATHUNGA ROAD, BANGALORE. ... APPELLANTS (BY SRI. K.V. ARAVIND, ADV.)
AND:
M/S. ANZ OPERATIONS & TECHNOLOGY PVT. LTD., EMBASSY GOLF LINKS BUSINESS PARK OFF. INTERMEDIATE RING ROAD BANGALORE – 560 071. ... RESPONDENT (BY SRI. T. SURYANARAYANA, ADV.) - - -
THIS I.T.A. IS FILED UNDER SECTION 260-A OF I.T.ACT, 1961, ARISING OUT OF ORDER DATED 28-04-2011 PASSED IN ITA NO.482/BANG/2010 FOR THE ASSESSMENT YEAR 2008-09, PRAYING TO: I. FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED THEREIN. II. ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE ITAT, BANGALORE IN ITA NO.482/BANG/2010 DATED 28-04-2011 AND CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER CONFIRMING THE ORDER PASSED BY THE DEPUTY DIRECTOR OF INCOME TAX, INTERNATIONAL TAXATION, CIRCLE-1(1), BANGALORE, IN THE INTEREST OF JUSTICE AND EQUITY.
THIS I.T.A. COMING ON FOR HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING:
JUDGMENT
Mr.K.V.Aravind, learned counsel for the revenue. Mr.T.Suryanarayana, learned counsel for the assessee.
Learned counsel for the respondent submitted that the tax effect in this appeal is less than `1 Crore and therefore, the appeal may not be maintainable in the light of the Circular No.17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes.
Learned counsel for the appellants fairly submitted that the tax effect is less than `1 Crore and in view of the aforesaid circular, the appeal is not maintainable.
Accordingly, in view of the circular dated 08.08.2019, the appeal is dismissed as not pressed.
Sd/- JUDGE
Sd/- JUDGE