Itta/132/2008 Of The Commissioner Of Income Tax-Iii, Hyderabad v. M/S Vbc Ferro Alloys Limited

IN THE HIGH COURT FOR THE STATE AT HYDERABAD THURSDAY, THE SECOND TWO THOUSAND AND TWENW PRESENT THE HONOURABLE THE CHIEF JUSTICE ANDTHE HONOURABLE SRI JUSTICE J SREENIVAS INCOME TAX TRIBUNAL APPEAL [NO: ][132 OF ][2008] lncome Tax Tribunal Appeal under Section [260 ] [of ][the ][lncome ][Tax ][Act,]1961 against the Order made in l.T.A.No.362/Hyd12003, [dated ][23-O2-20O7 ][on the ][{ib]of the lncome Tax Appellate Tribunal, [Hyderabad Bench ]['A', ][Hyderabad, ][for ][the]Assessment Year 1999-2000, [preferred against ][the ][Order made ][in ][l.T.A.No.9'llAC-]3(4yClT(A)-lv/2002-03 dated [24-12-2002 ][on ][the ][file ][of ][the commissioner of ][lncome]Tax, (Appeals)-lV, Hyderabad [preferred ][against ][the ][Order ][made ][in ] No.AAACW258A / V4, dated 05-03-2002 [on the file ][of ][Assistant ][Commissioner of]lncome Tax, Circle-3(4), Hyderabad. Between: The Commissioner of lncome [Tax-lll' ][Hyderabad] ...Appellant AND M/s VBC Ferro Alloys Limited, [6-2-9131914,3rd Floor, Progressive Towers,]Khairthabad, Hyderabad [- ]500 [004] ...Respondent Mr J V Prasad Senbr Standing [Coungel] Counsel for the Appellantfor lne,ome Tax Department Counsel for the Respondent : '- [-] The Court delivered the following [Judgment ][:] \ THE HON'BLE THE [C]HIEF [AI,OK ] ANDTHE HON'BLE SRI JUSTICE J.SREENTVAS INCOME TAX TRIBUNAL APPEAL No.132 of [2OO8] JUDGMENT; lPer the rlotl'bte the c['hief ]Justlce [AIok ][Aradhe)] Mr. J.V.Prasad, learned Senior Standing Counsel [for]Income Tax Department for the appellant 2. l,earned Senior Standing Counsel for the appellantsubmits that the subject matter of the appeal appears [to ][be]below the monetary limit prescribed in the CircularNo.O9/2024, dated 17.O9.2O24. He, therefore, seeks leaveof this CoLrrt to withdraw the appeal in the light of theCircular No.O9 /2024, dated 17.09.2024, [with, ]the liberty torevive the same in case the subject matter of the appealfalls in aly of the exceptions provided in the CircularNo.S/2024 dated 15.03.2024. Learned Senior StandingCounsel for the appellant further submits that, in addition,the appellant be also granted the liberty to revive theappeal in czrse the subject matter of the appeal is above the *01 monetary limit prescribed in the Circular No.O9/2O24, dated L7.O9.2O24. 3In view of the aforesaid, the appeal is disposed of interms of the liberty as prayed for.terms of the liberty as prayed for. Miscellaleousapplications pending, if any, shall stand closed. However, there shall be no order as to costs. 6+ A.V.S.S.C.S.M. SARMAJOINTAEGISTRAR\-)-sEgl'lorv oFFtcER //TRUE COPY// To, 1. The lncome Tax Appellate Tribunal, Hyderabad Bench ,A,, Hyderabad 2. The Commissioner of lncome Tax, (Appeals)_lV, HyderabadThe Commissioner of lncome Tax, (Appeals)_lV, Hyderabad 3. The Assistant Commissioner of lncome Tax, Circle_3(4), Hyderabad I 4. One CC to Mr J V prasad, Senior Standing Counsel for lncome TaxSenior Standing Counsel for lncome Tax Department [OpUC] 5. Two CD Copies VA/ghw I i HIGH COURT DATED:0210112025 JUDGMENT !TTA.No.132 of 2008 DISPOSING OF THE ITTA .d4+&* HE \[1]A()2 ['r ] it 2025za*I;rralcttt'!-:;:.;-r,