Itta/115/2022 Of The Commissioner Of Income Tax-Vi v. Sri. K. Srinivasa Reddy

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE FOURTH DAY OF OCTOBERTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE A. LAXMI NARAYANA f NCOME TAX TRIBUNAL APPEAL No: 115 ot 2022 lncome Tax [Tribunal ][Appeal ][Under Section 260-A ][of ][the ][Income Tax ][Act, ][1961]arising out [of ]the [order of the ][lncome-Tax ][Appellate Tribunal, Hyderabad ][Bench ]['A']Hyderabad, in [l.T.A.No. ][t298lHydl2012, ][Assessment ][Year ][2008-09, dated ][03-12-]2012, [preferred ][against the Order of the Commissioner ][of ][lncome ][Tax ][(Appeals)-Vl,]64, l.T. Towers, [A.C. ][Guards, ][Hyderabad, ][Appeal ][No.0618/10-1 1/ClT(A)-lV,]dated:o1-06-2012, [preferred ][against ][the Order of the lncome Tax ][Officer, ][Ward ][9(1),]Hyderabad PAN/GIR [No. ] [1582 Q, ][dated ][31-12-2010.] Between: The Commissioner [of ][lncome ][Tax-Vl, ][Hyderabad] ...Appellant ANDSri. K. Srinivasa [Reddy ][Proprietor, M/s Sri Sai ][Wines ][Nalgonda]$E Gounset for the Appellant: St [B. ] [REDDY, ] [representing ] [J.V']PRASAD, SC FOR IT DEPARTMENT "'ResPondent Counsel forthe [Respondent: ][None ][Appeared]The Court delivered [the ][following: ] ,I'HE HON'BLE SRI JUSTICE P.SAIII KOSTT' AND THE HON'BLE SRI JUSTICE A. LAXMI NARI\YAN,\ I.T.T.A. No. 115 of 2022 JUDGMENT:[(per ][.Ion'ble ][Srr ][Justice: ][P.SAM ][KOSHY)] Heard Ms B.Sapna Reddy, learned Standing Counsr:l appearing [for]the appellant. 2. This apper under Section 26OA of the Income Tzrx Ac,, 1961, hasbeen preferred b5' the Revenue as the [appeil:rnt ][against ][the ][order]dt.O3.12.2O12 [pz.ssed ]by the lncome Tax Appellate Tribu [nal. ][Hyderabad]Bench 'B', Hyderrtbad, in I.T.A.No.1298lHyd/2O12 for the [Asse ]ssment [Year]2008-09. 3. Central Board of Direct Ta;res (CBIIT) has issued lii-cu.ar No. 17 of2019 dt.O8.O8.2l)19, amending the previous Circulal No.3 of 2018dt. I1.07.2018, b) fufther enhancing the monetary imits for fi)ing appealsby the Income Ta( Department before the lncome Tu Appellatr: Tribunals,High Cohrts and Supreme Court as a measure for redur:ir: g I tigation. Inparagraph 2 of [t}re ]said Circular, we find that the rronetiLn lirrit fixed forhling an appeal before the High Court is Rs. 1.OO crorr. 4- In the instart appcal, tax effect is well below the monetary limit. 5. Therefore, f re appeal filed by the Depanment i; dismissed in terms ofthe aloresaid Crrcrrlzr: No.17 of 2019 dt.O8.O8.2rJ19. However, if the appealcomes within the r xt:epdon under paragraph I0 of Circular fio.3 ol 2O 18, it would [be ][open ][to the ][Income ][Tax Department ][to ][seek ][revival ][of ][the ][appeal']No order [as ][to costs'] 6Consequently, [miscellaneous ][petitions pending' ][if ][any' ][shall ][stand]closed. SDI B.S. CHIRANJEEVI\JOINT REGISTRAR(sEcfloN I-t"=-I-t"=- //TRUE COPY//sEcfloN I-t"=-I-t"=-sEcfloN I-t"=-I-t"=-1. The lncome-Tax Appellate Tribunal, Hyderabad Bench 'A' Hyderabad.2. The Commissioner of lncome Tax (Appeals)-Vl, 64, l.T. Towers, A.C. Guards,Hyderabad.2. The Commissioner of lncome Tax (Appeals)-Vl, 64, l.T. Towers, A.C. Guards,Hyderabad.3. The lncome Tax Officer, Ward 9(1), Hyderabad.4. One CC to SRI J.V. PRASAD, SC FOR lT DEPARTMENT 5. Two CD Copies4. One CC to SRI J.V. PRASAD, SC FOR lT DEPARTMENT 5. Two CD Copies To, HIGH COUI?T DATED:04l1O12OZ3 JUDGMENTlTTA.No.115 of 2022 THE APPEAI. ISDISMISSEDo(nw \5 v\1, \,t( 'l^gz'tt ta*6iNA3$ [oti]rl.Dl):Qup