THE COMMISSIONER OF INCOME TAX vs M/S.M N RAMA RAO & CO,

IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 17TH DAY OF DECEMBER, 2015

PRESENT

THE HON'BLE MR. JUSTICE VINEET SARAN

AND

THE HON’BLE MRS. JUSTICE S.SUJATHA

ITA No.826/2009 C/W ITA NO.827/2009

BETWEEN:

THE COMMISSIONER OF INCOME TAX, 55/1, SHILPASHREE, VIDYARANYA COMPLEX, VISHVESHWARANAGAR, MYSORE – 570 008.

THE ASST. COMMISSIONER OF INCOME TAX, CIRCLE – 2 (1), BANGALORE. ... APPELLANTS (COMMON)

(BY SRI.K.V.ARAVIND & MS.PREETHI.J.D– ADVs)

AND

M/S M.N.RAMA RAO & CO., NO.18, VICTORIA ROAD, VIVEK NAGAR, BANGALORE. ... RESPONDENT (COMMON)

(BY SRI.A.SHANKAR & SRI.M.LAVA– ADVs)

THESE ITAs ARE FILED UNDER SECTION 260A OF INCOME TAX ACT, 1961, PRAYING TO SET ASIDE THE ORDERS PASSED BY THE ITAT, BANGALORE IN ITA Nos.992/BNG/2008 AND 991/BNG/2008 RESPECTIVELY DATED: 24.7.2009, ETC.

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that the same will apply retrospectively to pending appeals also, which, if below the specified tax limits, may be withdrawn/not pressed.

Learned counsel for the appellants has stated that the tax effect in the present appeals is below the specified limit of Rs.20 lacs.

Accordingly, in view of the Circular No.21/2015 dated 10.12.2015, the tax effect in these appeals being less than Rs.20 lacs, the appeals stand dismissed.

Sd/-

JUDGE

Sd/-

JUDGE TL

THE COMMISSIONER OF INCOME TAX vs. M/S.M N RAMA RAO & CO,