The Pr Commissioner of Income Tax, v. M/S Hemavathy Power and Light Pvt. Ltd.
Case brief
What is this about?
Karnataka High Court, Bengaluru — ITA No. 590 of 2023, decided 05.08.2025 by S.G. Pandit, J. (authoring judgment, per S.G. Pandit) with K.V. Aravind, J.; appellants Pr. Commissioner of Income Tax and Dy. Commissioner of Income Tax (Sr. Standing Counsel Sri Y.V. Raviraj) v. respondent M/s. Hemavathy Power and Light Pvt. Ltd. (Sri Madhusudhan U.A.). Appeal u/s 260-A of the Income Tax Act 1961 against ITAT Bengaluru order dated 23.06.2022 in ITA No.2717/BANG/2018 for AY 2011-12. Dismissed as not maintainable on tax-effect grounds: tax effect Rs.1,58,80,495/- below Rs.2,00,00,000/- monetary limit per CBDT Circular No.09/2024 dated 17.09.2024, applicable to pending appeals; liberty to seek revival. Keywords: tax effect, monetary limit, CBDT Circular 09/2024, pending appeal, dismissal as not maintainable, ITA 2717/Bang/2018, AY 2011-12.
What did the court decide?
No substantive relief; the appeal is dismissed as not maintainable, but liberty is granted to the appellants to seek revival of the appeal if any exceptions are made out.