Hcard Sri J v. Rasarc' Icarned Senior Standing Counsel The Appellant. Appearing For

rN [.rHE ] [couRl ][FoRTHEi*tst ot ] "tANGANA MoNDAY, [rHE ]#SIJJ [l5Jiff']l'3:",5IJEMBER PRESENT THE [HON'BLE ][SRt ][JUSTICE P'SAM KOSHY] AND THE [HON'BLE ] [A'][ LA(MI ] LT T.A"N[o:131][ of][ 2007] lncome [Tax Tribunal Appeal Under Section 260-A ][of ][the ][lncome Tax ][Act' ][1961]arising [out of the order ][of ][the lncome-tax Appellate ][Tribunal' ][Hyderabad Bench ][' ][A']Hyderabad, [in ][l.T.A'No'863/Hyd/2004' dated ][31-08-2006 Assessment ][Year ][2001-]2002preferredagainsttheorderoftheCommissioneroflncomeTax(Appeals)-lV,Hyderabad, [Appeal ][No.02lAC-3(4yClT(A)-lV/04{5 ][dated:19-08-2004' ][preferred]againsttheorderoftheAssistantCommissioneroflncomeTaxCircle.3(4)'Hyderabad PAN/GIR [No. ] [2782 ] [MOg ][dated ][12-03-2004'] Between: The Commissioner of lncome Tax-lll, [Hyderabad.] ...Appellant AND [I/s.Unicorn Agrotech Limited, 1-7-139/3, S.D.Road, Secunderabad - 500 003. ...Respondent counsel for the Appeltant: SRt J.v. PRASAD, sc FoR tT DEPARTMENTCounsel for the Respondent: SRt S. RAVIThe Court delivered the following: JUDGMENT THE EON,BLE SRI JUSTICE P.SAM KOSIrY ANDTHE HON'BLE - - THE HON'BLE - - SRI JUSTICE A. LAXMI NARAYANA I.T.T.4. No.13l ot20o7 MENT lper Hott b[c Srt,]tL:;tte P.SAM KOljH1) Hcard Sri J. V. [)rasarc' Icarned Senior Standing counsel the appellant. appearing for 2. Thrs appcai uncier gs6116;1 ,260A of the Income Tax Act, 1961, hasbeen preferred by the Revenue as thc appellant agarnst theorCer dated31,08.2006 passectb,r, thc Income Tax Appellate Tribunai,Hyderabadllench Il. I {,r.cit:r.:r LariIlt I l.{.No.863/lli,cl!2004 for thc Assessmenr year200t 2002 3 cenlral Roard ol' I)irer:t Trtxes [c]Ri)T) has issued circular No. l,r. of20i9 (it.08.OtJ.20 19. :rrncni.lilg rhe prcyroLls Circular No.3 of 2OitJdt. i I-07.20 18, br lrrthcr cnhancing Lhe raonctary limits for fiIinq appealsby thc Income Ta-r Dcpirrrmc.L bcli.,.. Lirt: inr,-ome Tax Appellate Tribunals.High Courts and Suprt'rnc Corrr i as a rlcasure for reducing litigation. Inparagraph 2 of tlre saic.l (_lrrr:ul:lr-. rr,e find ttrat the monetarv limit hxed lorfiling an appeal beforc thc Ihgh (]ort11 ls Ils I O0 crore. 4. In thc instant:r;rp<:al ltrx cilt:ct is rvell below the monetary lirnir. 5. Therctirre. thc.pP.al iilcrl t,_r, thc l)..part(rcnt is dismissed in terms oIthe albresard cirt;ul:rr [N0. ][i'i ][ol ][201() d1.08.08.2019. Llowevcr, ][if ][tLre appeati]Comes [lvithir ][thc ][c\cc|'rL\il ][lllr''i'r ][i):1ra!;r ][ilph ][1O ][oi ][(lirt:ular ][No ][3 ][oi ][20l8' ][tL] would be open to the Income ['la-x ]Department to seek revival of the appealNo order as to costs 6. Consequently, miscellaneous petitions pending, if any, shall stand closed. SD/-K.SRINIVASA JolNr [REGfTRAR] lvT //TRUE SECTION To, 1 . The [lncome{ax ][Appellate ][Tribunal' ][ff ][VOer-alq!.Q9nch' ][A' ][Hvderabad]i. iii; a;;itiioner'of [lncome ][rax ][(Ap-peals)-l-v' HYderabad'][[Tax ][C]rcle-3(41 ][Hvderabad]][[C]rcle-3(41 ][Hvderabad]][[Hvderabad]]i. iii; a;;itiioner'of [lncome ][rax ][(Ap-peals)-l-v' HYderabad'][[Tax ][C]rcle-3(41 ][Hvderabad]][[C]rcle-3(41 ][Hvderabad]][[Hvderabad]] 3. The The [[Assistant ]][Commissionei"iil;;; ][[Tax ][C]rcle-3(41 ][Hvderabad]][[C]rcle-3(41 ][Hvderabad]][[Hvderabad]] 3. The The [[Assistant ]];. ci;.;i',; [aiiJv. ][pnnsio, ][sc ][ron ][n^oepARrMENr ][[oPUCl];. ci;.;i',; [aiiJv. ][pnnsio, ][sc ][ron ][n^oepARrMENr ][[oPUCl] ;. o;; [aa ][io ][snr s. ][RAVI, ][Advocate ][[oPUC]] 6. [Two CD Copies] kam,tr- ) I I I HIGH COURT DATED:2510912023 JUDGMENT!TTA.No.131 of 2007 THE APPEALIS DISMISSED g [q*o\]YN-__--{ro\t> $ 1416'rrtt,\s.)(JI [ilou ][2U8]IL)2*]t ri. a')'.;611i;il