THE DIRECTOR OF INCOME TAX vs. SHRI VIVEK JAIRAZBHOY

1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 31ST DAY OF MARCH 2016

PRESENT

THE HON’BLE MR.JUSTICE JAYANT PATEL AND THE HON’BLE MRS.JUSTICE B.V.NAGARATHNA INCOME TAX APPEAL No.166/2013

BETWEEN:

... APPELLANTS

(BY SRI.K.V.ARAVIND, STANDING COUNSEL)

2 AND:

SHRI VIVEK JAIRAZBHOY NO.17/2, MILLERS ROAD BANGALORE – 560046.

...RESPONDENT

(BY SRI.A.SHANKAR, ADVOCATE)

THIS INCOME TAX APPEAL IS FILED UNDER SEC.260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED: 14/12/2012 PASSED IN ITA NO.236/BANG/2012, PRAYING TO FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED THEREIN AND ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE ITAT, BANGALORE IN ITA NO.236/BANG/2012 DATED 14/12/2012 AND CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER CONFIRMING THE ORDER PASSED BY THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2, BANGALORE.

THIS APPEAL COMING ON FOR HEARING THIS DAY, JAYANT PATEL J., DELIVERED THE FOLLOWING:

JUDGMENT

As such, the appeal is admitted. However, learned counsel appearing for appellant-Revenue Mr.Aravind states, as the tax effect in the present appeal is less than Rs.20 lakhs though the amount is wrongly mentioned in the memorandum of appeal. Further he states that the present appeal is not to be pressed in view of Circular of CBDT dated 10.12.2015.

Sd/- JUDGE

Sd/- JUDGE

Sk/-