No AI summary yet for this case.
- 1 -
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 5th DAY OF JUNE, 2015
PRESENT
THE HON’BLE MR.JUSTICE MOHAN M. SHANTANAGOUDAR
AND
THE HON’BLE MR.JUSTICE ARAVIND KUMAR
I.T.A. NO.124/2009
BETWEEN :
The Commissioner of Income-Tax C.R.Building, Queens Road Bangalore
The Income Tax Officer Ward-12(2) C.R. Building, Queens Road Bangalore
..Appellants (By Sri K.V. Aravind, Standing Counsel.,)
AND :
M/s. Subex Limited (Formerly Subex Azure Ltd.,) Outer Ring Road Devarabisanahalli Bangalore
..Respondent (By Sri Chythanya K.K., Adv.,)
- 2 -
This appeal is filed under Section 260-A of Income Tax Act, 1961 arising out of order dated 23.10.2008 passed in ITA No.220/Bang/2008, for the assessment year 2003-04, praying to formulate the substantial questions of law stated therein, allow the appeal and set aside the order passed by the Income Tax Appellate Tribunal, Bangalore.
This appeal coming on for hearing, this day, MOHAN M. SHANTANAGOUDAR, J., delivered the following:-
J U D G M E N T
The Revenue has preferred this appeal challenging the order passed by the Tribunal granting exemption to the assessee following the judgment of the Apex Court in granting deduction.
The net tax effect is less than Rs.4 Lakhs. It is revealed from Instruction No.5/2008, dated 15.5.2008 that the appeal before this Court is not maintainable in case if the monetary limit is less than Rs.4 Lakhs. Hence, this appeal is not maintainable.
- 3 -
Accordingly, appeal stands dismissed as not maintainable.
Sd/- JUDGE
Sd/- JUDGE
*ck/-