Itta/118/2001 Of The Commissioner Of Income Tax Hyd v. A.p.industrial Component P Ltd Hyd

THE HON’BLE SRI JUSTICE L.NARASIMHA REDDYAND THE HON’BLE SRI JUSTICE M.SATYANARAYANA MURTHY I.T.T.A. Nos. 118 & 125 of 2001 COMMON JUDGMENT:(per the Hon’ble Sri Justice L.NarasimhaReddy) These two appeals are preferred by the Departmentassailing the orders passed by the Income Tax AppellateTribunal, Visakhapatnam in I.T.T.A.Nos.269/Hyd/1996 and268/Hyd/1996. Across the Bar, it is stated that though the appealsdeserve to be allowed on the question of law, the tax impact inboth the appeals is Rs.80,000/-, Rs.40,000/- respectively. At the relevant point of time, namely Instruction No.1777,dated 04.11.1987, wherever the tax effect is less thanRs.2,00,000/-, the appeal under Section 260A of the IncomeTax Act or reference under Section 256 (2) of that Act beforethe High Court need not be pursued. In view of the same, the appeals are dismissed. Thereshall be no order as to costs. The miscellaneous petitions filed in these appeals shallalso stand disposed of. _____________________ L.NARASIMHA REDDY,J ____________________________ M.SATYANARAYANA MURTHY,J Dt:02.07.2014kdl