IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE 14TH DAY OF JANUARY, 2019 BEFORE THE HON'BLE MR. JUSTICE RAVI MALIMATH AND THE HON’BLE MR. JUSTICE MOHAMMAD NAWAZ INCOME TAX APPEAL NO.25 OF 2008 BETWEEN:
1. THE COMMISSIONER OF INCOME TAX, C.R. BUILDING, QUEENS ROAD, BENGALURU.
2. DEPUTY COMMISSIONER OF WEALTH TAX, CENTRAL CIRCLE 2(1), BENGALURU. ... APPELLANTS (BY SRI. K.V. ARAVIND, ADVOCATE) AND:
1. SRI. A.S. CHINNASWAMY RAJU, NO.104, R.V. LAYOUT, K.P. WEST EXTENSION, BENGALURU. ... RESPONDENT THIS INCOME TAX APPEAL IS FILED UNDER SECTION 260-A OF INCOME TAX ACT, 1961, PRAYING TO SET ASIDE THE ORDER PASSED BY THE INCOME WEALTH TAX APPEAL NO.3/BANG/2007 DATED 31.08.2007 AND CONFIRM THE ORDER PASSED BY THE DEPUTY COMMISSIONER OF WEALTH TAX CENTRAL CIRCLE-2(1), BENGALURU.
THIS INCOME TAX APPEAL COMING ON FOR ORDERS THIS DAY, RAVI MALIMATH, J., DELIVERED THE FOLLOWING:
J U D G M E N T The learned counsel for the appellants submit that the appeal is not maintainable in view of the monetary limits and also in terms of Circular No.3 of 2018 dated 11.07.2018 passed by Director (ITJ), Central Board Direct Taxes, New Delhi.
2. In view of the submission made, the appeal is dismissed as such.
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JUDGE JUDGE