THE COMMISSIONER OF INCOME TAX vs M/S EDGEVERSE SYSTEMS LTD

IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 21ST DAY OF JUNE, 2022

PRESENT

THE HON’BLE MR. JUSTICE P.S. DINESH KUMAR

AND THE HON’BLE MR. JUSTICE C.M. POONACHA

I.T.A NO.238 OF 2021

BETWEEN:

THE COMMISSIONER OF

INCOME-TAX

INTERNATIONAL TAXATION

4TH FLOOR, BMTC BUILDING

80 FEET ROAD, KORMANGALA

BENGALURU - 560 095.

THE DEPUTY COMMISSIONER

OF INCOME-TAX

INTERNATIONAL TAXATION

CIRCLE-1(1), 4TH FLOOR

BMTC BUILDING, 80 FEET ROAD

KORMANGALA

BENGALURU - 560 095.

.…APPELLANTS

(BY SHRI. ARAVIND K.V., ADVOCATE)

AND:

M/s. EDGEVERSE SYSTEMS LTD., 44/97A KONAPPANA AGRAHARA HOSUR ROAD, ELECTRONIC CITY BENGALURU - 560 100.

…RESPONDENT

(BY Ms. MAHIMA GOUD, ADVOCATE FOR Ms. TANMAYEE RAJKUMAR, ADVOCATE)

THIS ITA IS FILED UNDER SECTION 260-A OF THE INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED:10.09.2020 PASSED IN IT(IT)A NO.12/BANG/2020, FOR THE ASSESSMENT YEAR 2017-2018 PRAYING TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW AND ETC.

THIS ITA COMING ON FOR ADMISSION, THIS DAY, P.S.DINESH KUMAR J., DELIVERED THE FOLLOWING:

JUDGMENT

Ms.Mahima Goud, learned Advocate for the respondent-assessee submits that the tax effect is less than Rs.One Crore, i.e., Rs.97,41,315/-. She has filed a memo dated 16.11.2021 indicating the tax effect.

Shri K.V.Aravind, learned Standing Counsel for the appellants submits that in similar cases, this Court has disposed of the appeal reserving liberty to the Revenue to reopen the case in the event the tax effect is more than Rs.One Crore.

In view of the Circular dated 24.06.2019, the tax effect in this appeal being less than Rs.One Crore, the appeal stands dismissed.

No costs.

Sd/- JUDGE

THE COMMISSIONER OF INCOME TAX vs. M/S EDGEVERSE SYSTEMS LTD