Itta/124/2024 Of Principal Commissioner Of Income Tax-4 v. M/S Prabhat Agri Biotech Limited

IN THE HIGH COURT FOR THE STATE AT HYDERABAD WEDNESDAY, THE SIXTH DAY OF NOVEMBERTWO THOUSAND AND TWENry FOUR PRESENT THE HON'BLE THE CHIEF JUSTICE ALOK AND THE HON'BLE SRI JUSTICE J. SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL No: [124 ][ot2024] lncome Tax Tribunal Appeal Under Section [260 ] [of ][the ][lncome Tax Act]1961 against the order dated 29-06-2022 [in ] [No.294lBydl2019 on ][the ][file ][of]the lncome Tax Appellate Tribunal [Hyderabad ][Bench ][- ][B, ][Hyderabad ][for]assessment Year 2014-15 [preferred against ][the ][Order ][dated ][21-12-2Ua ][in]Appeal No.10358t2016-17lDClT.Cir-16(2)/ClT(A)-4lHydl1B-19 [on ][the ][file ][of ][the]Commissioner of lncome Tax [(Appeals) ][4, ][Hyderabad ][prefened ][against ][the ][order]dated 3O-12-2016 on the file of the [Deputy ][Commissioner ][of ][lncome ][Tax ][Circle-]16(2), Hyderabad PAN No.AABCPBB0IC. Between: Principal Commissioner of lncome [Tax4, ][Hydeiabad.] ...Appellant AND M/s PrabhatAgri Biotech Limited, [8-2-277145, ][Road No'2, ] [Colony, Banjara]Hills, Hyderabad 500 034. ...ResPondent Counsel for the Appellant: Mr. [J.V. ][PRASAD (SC FOR INCOME TAX)] Counsel for the Respondent: [None ][Appeared] The Court delivered the following: THE HON[,BLE ]THE CHTEF JUSTICE ALOK ARADHE AND ITIE TIQN'BLE SRI JUSTICE J.SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL No.124 of 2o24 JUDGMENl". (Per the Hon'ble the Chief Justice ALok Aradhe) Mr. -.V.Prasad, Iearned Standing Counsel forIncome Tax Department for the appellant. 2. Learned Standing Counsel for the appellantfairly submrts that the subject matter of the appeal isbelow the rnonetar5r limit prescribed in the CircularNo.O9 /2024 dated 17.O9.2O24. 3. In view of aforesaid view of aforesaid of aforesaid submission, the appeal isthe appeal isisdisposed of. However, Iiberty is reserved to the appellantto revive the appeal in case the case falls in any of theexceptions F,rovided in the Circular No.5/2024 dated15.o3.2024. In view of aforesaid view of aforesaid of aforesaid submission, the appeal isthe appeal isis Miscellaneous applications pending, if any, shallstald closed. However, there shall be no order as tocosts.stald closed. However, there shall be no order as tocosts. Sd/. K. SRINIVASAoJOINT REGIS //TRUE COPY// ICER SECTION To, 1. The lncome [Tax ][Appellate Tribunal Hyderabad ][Bench ][- ][B' ][Hyderabad] 2. The Commissioner [of lncome Tax (Appeals) ][4, ][Hyderabad'] 3. The Deputy [Commissioner of lncome Tax ][Circle-16(2)' ][Hyderabad'] 4. One CC to [Mr. J.V. PRASAD (SC FOR ] [TAx) ][ ] 5. Two CD CoPies kamiglt \cY ( \ HIGH COURT DATED:0611112024 JUDGMENT fTTA.No.l24 <tf 2024 DISPOSING THE APPEAL -+<bY&A&*r (riL Sl[--\.\]4+[==--] ca!-)i'11 Z0E[ 21Uli,)nrlt/rr',:... '-*.,..*...--. +rC!1