Disposed¶29
Pr. Commissioner of Income TAX-3 v. M/S Infosys Ltd.
Karnataka HCITA/231/2024
Case brief
AI extract
What is this about?
Karnataka High Court income tax appeal disposed on monetary-limit grounds; appellants Pr. Commissioner of Income Tax-3 Koramangala Bangalore and Assistant Commissioner of Income Tax Corporate Circle-3(1)(1) Bangalore vs respondent M/s Infosys Ltd; appeal under Section 260-A of Income Tax Act 1961 arising from ITAT Bangalore order dated 30 November 2022 in ITA No.1848/BANG/2017, A.Y. 2009-10; counsel Sushal Tiwari (Standing Counsel) with E.I. Sanmathi; bench: B M Shyam Prasad and T.M.Nadaf.
What did the court decide?
The appeal stands disposed of in light of the tax effect not exceeding Rs.2 Crore, the monetary limit contemplated by Circular No.5/2024. ¶29