Karnataka High Court
ITA/218/2021 of THE PR. COMMISSIONER Vs M/S. OM SAI RIDDHI SIDDHI DEVELOPERS on 30 July 2026
CNR: KAHC010145362021 NC: 2026:KHC:40736-DB ITA No. 218 of 2021 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 30TH DAY OF JULY, 2026 PRESENT THE HON'BLE MR. JUSTICE S.G.PANDIT AND THE HON'BLE DR. JUSTICE K.MANMADHA RAO INCOME TAX APPEAL NO. 218 OF 2021 BETWEEN: 1. THE PR.
HC-KAR
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 30TH DAY OF JULY, 2026
PRESENT
THE HON'BLE MR. JUSTICE S.G.PANDIT
AND THE HON'BLE DR. JUSTICE K.MANMADHA RAO
INCOME TAX APPEAL NO. 218 OF 2021
BETWEEN:
1.
THE PR. COMMISSIONER
OF INCOME TAX, CIT (A)
CENTRAL CIRCLE,
C.R.BUILDNG, QUEEN’S ROAD,
BENGALURU - 560001.
2.
THE DEPUTY COMMISSIONER
OF INCOME TAX
CENTRAL CIRCEL-1,
C.R.BUILDING, ATTAVARA
MANGALURU -575001.
…APPELLANTS
(BY SRI. RAVI RAJ Y. V., AND SRI. M. DILIP, ADVS.)
AND:
M/S. OM SAI RIDDHI SIDDHI DEVELOPERS
AGARWAL TRADE CENTRE,
SHOP NO.154, 154, SECTOR-11,
CBD BELAPUR, NAVI MUMBAI-400614,
PAN.AACFO4848G.
…RESPONDENT
(BY SRI. BORKAR SHEETAL SUBODH, ADV.)
THIS APPEAL IS FILED UNDER SECTION 260-A OF INCOME
TAX ACT 1961, ARISING OUT OF ORDER DATED 24.08.2020 PASSED
IN ITA NO.2334/BANG/2019, FOR THE ASSESSMENT YEAR 2014- 2015, PRAYING TO FORMULATE THE SUBSTANTIAL QUESTIONS OF
LAW STATED ABOVE; ALLOW THE APPEAL AND SET ASIDE THE
Digitally signed by
NANJUNDACHARI
Location: High
Court of
Karnataka
HC-KAR
ORDERS PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, BENGALURU IN ITA NO.2334/BANG/2019 DATED 24.08.2020 FOR
ASSESSMENT YEAR 2014-2015 ANNEXURE-C CONFIRMING THE
ORDER OF THE APPELLATE COMMISSIONER AND CONFIRM THE
ORDER PASSED BY THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, MANGALURU AND ETC.
THIS APPEAL, COMING ON FOR HEARING, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER:
CORAM:
HON'BLE MR. JUSTICE S.G.PANDIT
AND
HON'BLE DR. JUSTICE K.MANMADHA RAO
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ORAL JUDGMENT
(PER: HON'BLE MR. JUSTICE S.G.PANDIT)
Heard learned counsel Sri.Y.V.Raviraj, senior standing counsel for appellants and perused the entire appeal papers.
2. It is pointed out that the tax effect in the above appeal is Rs.1,73,68,294/-. Under Circular No.09/2024 dated 17.09.2024, the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes has enhanced the Monetary Limit to file appeals before the High Court to Rs.2,00,00,000/-. The said circular would apply even to pending appeals also.
HC-KAR
3. In the light of the above, the appeal is dismissed as not maintainable. However, liberty is granted to the appellants to seek revival of the appeal, if any exceptions are made out.
Sd/- (S.G.PANDIT) JUDGE
Sd/- (DR.K.MANMADHA RAO) JUDGE
NC CT:bms