IN THE HIGH COURT OF KARNATAKA AT BENGALURU ON THE 24TH DAY OF OCTOBER, 2019 BEFORE THE HON'BLE MR. JUSTICE RAVI MALIMATH AND THE HON’BLE MR. JUSTICE ASHOK S. KINAGI INCOME TAX APPEAL NO.793 OF 2018 BETWEEN:
1. PRINCIPAL COMMISSIONER OF INCOME TAX-5 BMTC COMPLEX KORAMANGALA BENGALURU.
2. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-5(2)(1) BMTC COMPLEX KORAMANGALA BENGALURU.
...APPELLANTS (BY SRI E.I. SANMATHI, ADVOCATE) AND:
SREE SUBRAMANYESWARA CO-OP BANK LIMITED R.V. ROAD, V.V. PURAM BENGALURU-560004.
…RESPONDENT (BY SRI M. LAVA, ADVOCATE) THIS INCOME TAX APPEAL IS FILED UNDER SECTION 260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 31.05.2018 PASSED IN ITA NO.1387/BANG/2017, FOR THE ASSESSMENT YEAR 2012-2013, PRAYING THIS HON'BLE COURT 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 AND SET ASIDE THE APPELLATE ORDER DATED 31.05.2018 PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, ‘C’ BENCH, BENGALURU IN APPEAL PROCEEDINGS NO. ITA NO.1387/BANG/2017, FOR THE ASSESSMENT YEAR 2012- 2013 (ANNEXURE-A), AS SOUGHT FOR IN THIS APPEAL; AND TO GRANT SUCH OTHER RELIEF AS DEEMED FIT, IN THE INTEREST OF JUSTICE.
***** THIS INCOME TAX APPEAL COMING ON FOR FINAL HEARING THIS DAY, RAVI MALIMATH J., DELIVERED THE FOLLOWING:
JUDGMENT The learned counsel for the appellants submit that the appeal is not maintainable in view of the monetary limits in terms of Circular No.17 of 2019 dated 08.08.2019 passed by Director (ITJ), Central Board Direct Taxes, New Delhi.
2. In view of the submission made, the appeal is dismissed as such.
Sd/- Sd/-
JUDGE JUDGE JJ