- 1 - HC-KAR NC: 2025:KHC:43163-DB ITA No. 232 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 29TH 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. 232 OF 2024 BETWEEN: 1. PR. COMMISSIONER OF INCOME TAX-3 KORMANGALA BANGALORE. 2. THE ASSISTANT COMMISSIONER OF INCOME TAX CORPORATE CIRCLE-3(1)(1) BANGALORE. …APPELLANTS (BY SRI. SUSHAL TIWARI., ADVOCATE FOR SRI. E.I. SANMATHI.,ADVOCATE) AND: INFOSYS LTD ELECTRONIC CITY HOSUR ROAD BANGALORE 560100 …RESPONDENT Digitally signed by REKHA R Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:43163-DB ITA No. 232 of 2024 THIS INCOME TAX APPEAL IS FILED UNDER SEC. 260-A OF INCOME TAX ACT 1961, ARISING OUT OF ORDER DATED 30/11/2022 PASSED IN ITA NO.1849/BANG/2017, ASSESSMENT YEAR 2008-09. PRAYING TO SET ASIDE THE APPELLATE ORDER DATED 30/11/2022 PASSED BY THE INCOME TAX APPELLATE TRIBUNAL, 'B' BENCH, BANGALORE, AS SOUGHT FOR, IN THE RESPONDENT-ASSESSEES CASE, IN APPEAL PROCEEDINGS IN ITA NO. 1849/BANG/2017 FOR A.Y. 2008-09 (ANNEXURE-A). THIS APPEAL, COMING ON FOR ORDERS, 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:43163-DB ITA No. 232 of 2024 ORAL JUDGMENT (PER: HON'BLE MR. JUSTICE B M SHYAM PRASAD) Sri Sushal Tiwari, the learned 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 SA ct:sr