- 1 - HC-KAR NC: 2026:KHC:7236-DB RP No. 583 of 2024 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 6TH DAY OF FEBRUARY, 2026 PRESENT THE HON'BLE MR. JUSTICE S.G.PANDIT AND THE HON'BLE MR. JUSTICE C.M. POONACHA REVIEW PETITION NO. 583 OF 2024 BETWEEN: 1. THE PR. COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION BANGALORE - 560023. 2. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 2(1), BANGALORE-560023. …PETITIONERS (BY SRI. SANMATHI E. I., ADV.) AND: M/S. PALMER INVESTMENT GROUP LTD., (ERSTWHILE M/S. UB SPORTS MANAGEMENT OVERSEAS LTD., UB TOWERS, NO.24, VITTAL MALLAYA ROAD, BANGALORE-560 001. PAN: AAECP2487P REP. BY ITS DIRECTOR. …RESPONDENT (BY SMT. TANMAYEE RAJKUMAR, ADV.) THIS PETITION IS FILED UNDER ORDER 47 RULE 1 AND 2 OF CPC, PRAYING TO REVIEW JUDGMENT DATED 24.09.2024 PASSED IN ITA NO.560/2023, TO PASS SUITABLE ORDERS THAT THIS COURT DEEMS FIT TO BE GRANTED IN THE FACTS AND CIRCUMSTANCES OF THE CASE IN THE INTEREST OF JUSTICE AND EQUITY. Digitally signed by NANJUNDACHARI Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:7236-DB RP No. 583 of 2024 THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE S.G.PANDIT AND HON'BLE MR. JUSTICE C.M. POONACHA ORAL ORDER (PER: HON'BLE MR. JUSTICE S.G.PANDIT) The above review petition is filed under Order 47 Rules 1and 2 of CPC, 1908 praying to review the order dated 24.09.2024 in ITA No.560/2023 wherein the appeal was disposed of as not maintainable noting that the tax effect in the appeal is less than Rs.2 Crores. 2. Learned counsel Smt. Tanmayee Rajkumar appearing for the respondent-assessee would fairly submits that the tax effect involved in the above said ITA was more than Rs.2 Crores. - 3 - HC-KAR NC: 2026:KHC:7236-DB RP No. 583 of 2024 In the light of the above submission, the order dated 24.09.2024 in ITA No.560/2023 requires to be reviewed. Hence the following: ORDER i) Review petition is allowed. ii) The order dated 24.09.2024 passed in ITA No.560/3023 is recalled. iii) ITA No.560/2023 is restored to its original file. Sd/- (S.G.PANDIT) JUDGE Sd/- (C.M. POONACHA) JUDGE BSV CT:bms List No.: 1 Sl No.: 8