THE COMMISSIONER OF INCOME-TAX vs. SHRI. SOLTHADY PREMANATH

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.320/2015

BETWEEN

C.R. BUILDING

ATTAVARA

MANGALORE – 575 001

OF INCOME TAX

CIRCLE – 2[1]

ATTAVARA

MANGALORE – 575 001 …APPELLANTS (BY SRI K.V. ARAVIND, ADV. & MS. PREETHI J.D., ADV.,)

AND

SHRI. SOLTHADY PREMANATH ‘SHREYAS’, BEHIND BC CENTRE B.C. ROAD, JODUMARGA BANTWAL – 574 219

…RESPONDENT

THIS APPEAL IS FILED UNDER SECTION 260- A OF INCOME TAX ACT 1961, PRAYING TO SET ASIDE THE ORDER PASSED BY THE ITAT,

2 BANGALORE, IN ITA NO.72/BANG/2014 DATED 20.2.2015 CONFIRMING THE ORDER OF THE APPELLATE COMMISSIONER AND CONFIRM THE ORDER PASSED BY THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE – 2[1], MANGALORE.

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that the same will apply retrospectively to pending appeals also, which, if below the specified tax limits, may be withdrawn/not pressed.

Sd/- JUDGE

Sd/- JUDGE

AN/-