Pr. Commissioner of Income-tax-VI, Bangalore / Deputy Commissioner of Income-tax Circle-6(1)(2), Bengaluru v. Stanley Black & Decker India Ltd
|Pr. Commissioner of Income-tax-VI, Bangalore / Deputy Commissioner of Income-tax Circle-6(1)(2), Bengaluru
|Stanley Black & Decker India Ltd.
|HIGH COURT OF KARNATAKA
|Date of Order
|Mr.T.Suryanarayana, learned counsel for the assessee. Learned counsel for the assessee submits that the tax effect in this appeal is less than 1 Crore and therefore, the appeal should not be entertained at the instance of the revenue in view of the Circular No.17/2019 dated 08.08.2019 issued by the Central Board of Direct Taxes. It is also submitted that the aforesaid Circular binds the revenue. On the other hand, learned counsel for the revenue submits that he be granted liberty to revive the appeal in case the matter falls within the exceptions under the aforesaid Circular dated 08.08.2019. In view of the aforesaid submissions, the appeal is disposed of with liberty as prayed for by the learned counsel for the revenue.