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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.141/2014 BETWEEN
THE COMMISSIONER OF INCOME-TAX
C R BUILDING
QUEENS ROAD
BANGALORE
THE ADDL. COMMISSIONER
OF INCOME-TAX
RANGE – 4,
UNITY BUILDING ANNEXE,
MISSION ROAD
BANGALORE …APPELLANTS (BY SRI K.V. ARAVIND, ADV.,)
AND
SRI. SRINIVASAN CHANDIRA KUMAR NO.596, 10TH CROSS, 7TH BLOCK, JAYANAGAR, BANGALORE
…RESPONDENT
(BY SRI. B.S. NARASIMHA PRASAD, ADV.,)
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.1061/BANG/2012 DATED 20.9.2013 AND CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER CONFIRMING THE ORDER PASSED BY THE ADDITIONAL COMMISSIONER OF INCOME TAX, RANGE – 4, BANGALORE.
THIS APPEAL 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that the same will apply retrospectively to pending appeals also, which, if below the specified tax limits, may be withdrawn/not pressed.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
AN/-