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of <h1>Applicability of Circular No.17/2019 upheld for pending matters, appeal dismissed based on monetary limits.</h1> <h3>COMMISSIONER OF INCOME TAX, THE ASSISTANT COMMISSIONER OF WEALTH TAX, BANGALURU Versus SRI. M.R. SAMPANGIRAMAIAH (INDL)</h3> COMMISSIONER OF INCOME TAX, THE ASSISTANT COMMISSIONER OF WEALTH TAX, BANGALURU Versus SRI. M.R. SAMPANGIRAMAIAH (INDL) - TMI Issues:1. Applicability of Circular No.17/2019 dated 08.08.2019 to pending matters.2. Interpretation of law regarding the scope of Circulars issued by the Central Board of Direct Taxes.3. Dismissal of appeal based on monetary limits fixed in Circular No.17/2019.Analysis:The judgment pertains to an appeal against the order passed by the Income Tax Appellate Tribunal (ITAT) in a group of cases. The appellant challenged the order dated 31.03.2015, which was a common order passed in multiple cases. The Court noted a similar instance where an appeal was dismissed based on monetary limits set in Circular No.17/2019. The Revenue contended that the Circular should not apply to pending matters. However, the Court referred to a previous decision by a Coordinate Bench in the case of COMMISSIONER OF INCOME TAX & ANOTHER V/S RANKA & RANKA and a subsequent affirmation by the Apex Court in DIRECTOR OF INCOME TAX V/S S.R.M.B DAIRY FARMING (P) LTD. The Central Board of Direct Taxes also issued an instruction confirming the applicability of Circular No.17/2019 to all pending proceedings. Consequently, the Court rejected the contention of the appellant's counsel, Sri. E.I. Sanmathi.The Court, based on the aforementioned legal principles and facts, concluded that the present appeal, being a result of the common order passed by ITAT, should also be dismissed. The appeal was deemed not maintainable in light of the order passed in a similar case on 24.10.2019. Additionally, the Court directed that all pending interlocutory applications, if any, shall stand consigned to records.
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