Commissioner of Income Tax., Rajahmundry vs. Agricultural Market Committee., Kovvur

1 IN THE HIGH COURT OF KARNATAKA AT BENGALURU

DATED THIS THE 21ST DAY OF SEPTEMBER 2016

PRESENT

THE HON’BLE MR.JUSTICE JAYANT PATEL AND THE HON’BLE MR.JUSTICE ARAVIND KUMAR ITA NO.404/2012 BETWEEN:

... APPELLANTS

(BY SRI.K.V.ARAVIND, ADV. FOR SRI.G.KAMALADHAR, ADV.)

AND:

M/S. PRISTINE HOSPITAL AND RESEARCH CENTRE (P) LTD., #877, 2ND STAGE EXTN.,

2 WEST OF CHORD ROAD, MODI EYE HOSPITAL ROAD, BANGALORE – 560 010.

... RESPONDENT

(BY SRI.A.SHANKAR & SRI. M.LAVA, ADVOCATES)

THIS ITA IS FILED UNDER SEC.260-A OF I.T.ACT, 1961 ARISING OUT OF ORDER DATED 12/07/2012 PASSED IN ITA NO.1145/BANG/2011, FOR THE ASSESSMENT YEAR 2003-2004, 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.1145/BANG/2011 DATED 12/07/2012 CONFIRMING THE ORDER OF THE APPELLATE COMMISSIONER AND CONFIRM THE ORDER PASSED BY THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-5(1), BANGALORE, IN THE INTEREST OF JUSTICE AND EQUITY.

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

JUDGMENT

When the matter is taken up for hearing, the learned counsel appearing for the Revenue states that as per the Circular dated 10.12.2015 issued by the Central Board of Direct Taxes (‘CBDT’ for short), as the

3 monetary limit for pursuing the appeal is raised from Rs.10,00,000/- (Ten Lakhs) to Rs.20,00,000/- (Twenty lakhs) for the High Court litigation and same would apply to all pending matters and as the subject matter of the present appeal is not exceeding Rs.20 lakhs, he does not press the present appeal. Hence, the appeal shall stand disposed of as not pressed.

Sd/- JUDGE

Sd/- JUDGE

Sk/-