- 1 - HC-KAR NC: 2025:KHC:42879-DB ITA No. 38 of 2025 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28TH DAY OF OCTOBER, 2025 PRESENT THE HON'BLE MR. JUSTICE B M SHYAM PRASAD AND THE HON'BLE MR. JUSTICE T.M.NADAF INCOME TAX APPEAL NO. 38 OF 2025 BETWEEN: 1. THE PR COMMISSIONER OF INCOME TAX CENTRAL, 3RD FLOOR, C.R. BUILDING, QUEENS ROAD, BENGALURU-560 001. 2. THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), 3RD FLOOR, C.R BUILDING, QUEENS ROAD, BENGALURU-560 001. …APPELLANTS (BY SRI. Y V RAVIRAJ.,ADVOCATE) AND: M/S FEATHERLITE OFFICE SYSTEMS PVT LTD KKMP BUILDING, Digitally signed by MADHUSHREE H Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:42879-DB ITA No. 38 of 2025 MILLER ROAD, VASANT NAGAR, BENGALURU-560 052. REP BY ITS MANAGING DIRECTOR. …RESPONDENT (BY SRI. TATA KRISHNA.,ADVOCATE AND SRI. SHARATH S., ADVOCATE) THIS INCOME TAX APPEAL IS FILED UNDER SEC.260-A OF INCOME TAX ACT 1961, PRAYING TO i. FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED ABOVE; ii. ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE INCOME-TAX APPELLATE TRIBUNAL, BENGALURU IN ITA NO.1007/BANG/2024 DATED 21.08.2024 FOR ASSESSMENT YEAR 2017-18 ANNEXURE A AND CONFIRM THE ORDER OF THE U/S. 263 CONFIRMING THE ORDER PASSED BY THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 1(1), BENGALURU. THIS APPEAL, COMING ON FOR ADMISSION, THIS DAY, JUDGMENT WAS DELIVERED THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE B M SHYAM PRASAD and HON'BLE MR. JUSTICE T.M.NADAF - 3 - HC-KAR NC: 2025:KHC:42879-DB ITA No. 38 of 2025 ORAL JUDGMENT (PER: HON'BLE MR. JUSTICE B M SHYAM PRASAD) Sri Y.V.Raviraj, the learned Senior Standing Counsel for the appellants, submits that the tax effect would not be more than Rs.2 Crore, which is the monetary limit that is contemplated by the Circular No.5/2024 and therefore, the appeal could be disposed of. In the light of the afore, the appeal stands disposed of. Sd/- (B M SHYAM PRASAD) JUDGE Sd/- (T.M.NADAF) JUDGE NV