Principal Commissioner of Income-tax, Bangalore / Assistant Commissioner of Income-tax, Central Circle-2(3), Bangalore v. United Spirits Ltd
[Citation -2019-LL-0829-82]
Citation | 2019-LL-0829-82 |
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Appellant Name | Principal Commissioner of Income-tax, Bangalore / Assistant Commissioner of Income-tax, Central Circle-2(3), Bangalore |
Respondent Name | United Spirits Ltd. |
Court | HIGH COURT OF KARNATAKA |
Relevant Act | Income-tax |
Date of Order | 29/08/2019 |
Assessment Year | 2006-07 |
Judgment | View Judgment |
Keyword Tags | monetary limit • low tax effect |
Bot Summary: | PAN No.AACCM 8043J ... Respondent 2 These Income Tax Appeals are filed under Section 260-A of the Income Tax Act, 1961, arising out of order dated 23.01.2015 passed in ITA No.1448/Bang/2010 and ITA No.1276/Bang/2010 for the Assessment Year 2006-2007 and praying to: Decide the foregoing question of law and or such other questions of law as may be formulated by the Hon ble Court as deemed fit. Set aside the appellate order dated 23.01.2015 passed by the ITAT, A Bench, Bengaluru, in appeal proceedings No. ITA No.1276/Bang/2010 and ITA No.1448/Bang/2010 as sought for in this appeal; and to grant such other relief as deemed fit, in the interest of justice. These Income Tax Appeals coming on for Final Hearing, this day, DEVDAS J., Delivered the following: JUDGMENT The learned counsel for the appellant-Revenue brings to the notice of this Court a Circular bearing No.17 of 2019 dated 08th August, 2019 wherein the further enhancement of monetary limit for filing of appeals by the Departments before the Income- Tax Appellate Tribunals, High Courts and Special Leave Petitions/Appeals before the Supreme Court stands amended, and by the said amendment the earlier monetary limit of Rs.50,00,000/- has not been raised to Rs.1,00,00,000/-. In the light of the same, the learned counsel submits that these appeals are not maintainable and in view of the Circular, these appeals may be permitted to be withdrawn. Further, the learned counsel would also draw the attention of this Court to Clause 10 of the Circular No.3 of 2018 dated 11th July, 2018 wherein certain exceptions are carved out. On the query of the Court as to whether the Circular is applicable to pending matters, the learned counsel draws the attention of this Court to the communication dated 20th August, 2019 made by the Central Board of Direct Taxation to all the Chief Commissioners of Income Tax clarifying at paragraph No.3 that the monetary limit prescribed in Circular No.17 of 2019 is 4 applicable to all pending Special Leave Petitions, Appeals, Cross Objections and References. In view of the above, we permit the appellants to withdraw these appeals for the reasons stated above. |