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IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 22ND DAY OF APRIL 2021
PRESENT
THE HON’BLE MR. JUSTICE ALOK ARADHE
AND
THE HON’BLE MR. JUSTICE M.G.S. KAMAL
I.T.A. NO.460 OF 2013 BETWEEN:
COMMISSIONER OF INCOME TAX
BANGALORE-III
BANGALORE.
INCOME TAX OFFICER
WARD 12(2), BANGALORE. .... APPELLANTS (BY MR. JEEVAN J. NEERALGI, ADV.,)
AND:
M/S. VANSHEE BUILDERS AND DEVELOPERS P. LTD., NO.684, 9TH A MAIN BINNAMANGALA 1ST STAGE, INDIRANAGAR BANGALORE-560034. ... RESPONDENT (BY MR. A. SHANKAR, SR. COUNSEL A/W MR. RAVISHANKAR, ADV., FOR MR. M. LAVA, ADV.,) - - - THIS I.T.A. IS FILED UNDER SEC. 260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 12.04.2013 PASSED ITA NO.536/BANG/2011, FOR THE ASSESSMENT YEAR 2007-08, PRAYING TO (i) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED THEREIN.
(ii) ALLOW THE APPEAL AND SET ASIDE THE ORDER PASSED BY THE ITAT, BANGALORE IN ITA NO.536/BANG/2011 DATED 12.04.2013.
THIS I.T.A. COMING ON FOR HEARING, THIS DAY, ALOK ARADHE J., DELIVERED THE FOLLOWING:
JUDGMENT
Sri. A. Shankar, learned Senior Counsel along with Sri. Ravishankar, learned counsel for Sri. M Lava, learned counsel for the assessee.
Sri. Jeevan J. Neeralgi, learned counsel for the revenue.
This appeal under Section 260-A of the Income Tax Act, 1961 has been field by the revenue against the order dated 12.04.2013 of the Income Tax Appellate Tribunal, Bengaluru.
When the matter was taken up today, learned counsel for the assessee submitted that the appeal may be entertained in view of the circular dated 08.08.2019 issued by the Government of India, Department of Revenue, Central Board of Direct Taxes, Judicial Section
as in the instant case, it is less than Rupees One Crore. The aforesaid submission could not be disputed by the learned counsel for the revenue.
In view of the circular dated 08.08.2019, the appeal is dismissed on the ground of monetary limit.
Sd/- JUDGE
Sd/- JUDGE Mds/-