THE COMMISSIONER OF vs. M/S SACRED HEART

1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 18TH DAY OF DECEMBER 2015

PRESENT

THE HON’BLE MR.JUSTICE VINEET SARAN

AND

THE HON’BLE MRS.JUSTICE S SUJATHA

ITA NO.321/2015

BETWEEN

C.R. BUILDINGS

QUEENS ROAD

BANGALORE – 560 001

WARD – 1,

TUMKUR …APPELLANTS (BY SRI. E.I. SANMATHI, ADV.,)

AND

M/S. SACRED HEART SOUHARDA CREDIT CO-OPERATIVE LTD., OUR LADY OF LOUREDES CHURCH, HORPET TUMKUR – 572 102

…RESPONDENT

THIS APPEAL IS FILED UNDER SECTION 260- A OF INCOME TAX ACT 1961, PRAYING TO SET ASIDE THE ORDER PASSED BY THE ITAT, ‘B’ BENCH, BANGALORE, IN ITA NO.1191/BANG/2013

2 DATED 30.12.2014 FOR A.Y. 2010-2011 AS SOUGHT FOR, IN THE RESPONDENT’S ASSESSEE’S CASE.

THIS APPEAL COMING ON FOR ADMISSION, THIS DAY, VINEET SARAN J., DELIVERED THE FOLLOWING:

JUDGMENT

Learned counsel for the appellants-Revenue has placed before us a recent Circular No.21/2015 dated 10.12.2015, issued by the Central Board of Direct taxes, wherein the monetary limit of the tax effect for filing appeals before the High Court has been enhanced from Rs.10 lacs to Rs.20 lacs. In paragraph-10 of the said Circular, it has been clarified that the same will apply retrospectively to pending appeals also, which, if below the specified tax limits, may be withdrawn/not pressed.

3 appeal being less than Rs.20 lacs, the appeal stands dismissed.

Sd/- JUDGE

Sd/- JUDGE

AN/-