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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. 322/2014
BETWEEN
COMMISSIONER OF INCOME TAX-III, CENTRAL REVENUE BUILDINGS, QUEENS ROAD, BANGALORE-560 001.
THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(2), MYSORE.
..APPELLANTS
(BY SRI. E.I. SANMATHI-ADV)
AND
M/S SKILL TECH ENGINEERS & CONTRACTORS PVT. LTD., NO. 218/K-30, NARAYANA SHASTRY ROAD, MYSORE.
... RESPONDENT
(BY SRI. A. SHANKAR & SRI. M.LAVA-ADVs)
THIS ITA IS FILED UNDER SEC 260-A OF INCOME TAX ACT 1961, PRAYING TO SET ASIDE THE APPELLATE ORDER DATED: 08.02.2014 PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, ‘C’ BENCH, BANGALORE IN APPEAL PROCEEDINGS NO. ITA NO. 1083/BANG/2013 FOR ASSESSMENT YEAR 2009-10.
THIS ITA 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that the same will apply retrospectively to pending appeals also, which, if below the specified tax limits, may be withdrawn/not pressed.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 appeal 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 this appeal being less than Rs.20 lacs, the appeal stands dismissed.
Sd/-
JUDGE
Sd/-
JUDGE TL