Itta/135/2012 Of Commissioner Of Income Tax-Iii v. M/S. Sri Krishna Pharmaceuticals Ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE SEVENTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No: 135 of 2012 Appeal filed under Section 260(4) of the lncome-Tax Act., 1961, against theorder dated 08-11-2010 passed in ITA No666/Hyd/2009 for the assessment year2006-2007 on the file of the lncome Tax Appellate Tribunal Hyderabad Bench ['B']Hyderabad preferred against the Order dated 13-03-2009 passed in Appeal No 226lDC-3(2)C IT(A)-lV//2008-09 on the file of the Commissjoner of lncome Tax (Appeals)-lV Hyderabad preferred against the Order dated 05-12-2008 passed in PAN/GIRNo AADCS 4053 Pl S-1'19 on the file of the Deputy Commissioner of Income Tax,C ircle-3(2). H yd e ra bad. Betvveen: Commissioner of lncome Tax-lll, lT Towers. A.C. Guards, Hyderabad ...Appellant AND M/s. Sri Krishna PharmaceuticalsLimited, C-4, lndustrial Area, Uppal,Hyderabad. ... Respondent Counsel for the Appellant: Ms. Bokaro Sapna Reddy,Standing counsel for lncome Tax Counsel for the Respondent: Sri Challa GunaranjanThe Court delivered the following:JUDGMENT THE HON'BLE SRI JUSTICE P.SI' AND THE HON'BLE SRI JUSTICE NARSING }1.1t.r-) I "l\)-t;Xol\li)A INCOME TA>( TRIBUNAL APPEAL N,:. 3: [:'rr ]ilcl? JUDGMENT: ber [Hon'bte ][sn ][rustice P.sam ][Koshy)] Heard Ms.Bokaro Sapna Reddy, Iearned Standing Counsel forIncome Tax, appearing on behalf of the appellant. 2. The instant appeal under Section 260A ol' ttre lirct;mi: Ta-x Act,1961, has been preferred by the Revenue as thr:. ar,..l,r llari asairlst tl-reorder dated 08.11.2010 passed by the Income T;x .'\r,pr)i..r. ['l ];'rbi;;riil.Hyderabad "8" Bench, Hl,derabacl, in I.T.A.N,, r . :'Assessment Year 2006-07 . 3. Central Board of Direct Taxes (CBDT) has '''. ' ' , :: ', I'. .'-r r'l2024 dated 17.O9.2024, amending the previor,r; rllii r:l'ir' 'ic.:i oi Ji)"2.tdated 15.03.2024, by further enhancing the n1{':-,.' ;' ri;- :'- :i [.;111-,3]appeals by the Income Tax Department br' r [- ]I .Appellate Tribunals, High Courts and Supreme C:ourt as a n-ica:;urer forreducing litigation. In paragraph 2 of the said [t-)iri:,rl:r:', ][,,r,c ]flnd [i.hat]the monetaqr limit fixed for filing an appeal before the tligl-i Court isRs.2.00 crore. Page 2 of 3 .tirl [ril, ][tt.lx ][effect ][is ][r,r.ell ][bc.low ][the ][monetary ][limit.]5. 'i'lr, r', r ., . L, r ,,r,tr:ltl filc-d by the Revenue is dismissed in termsof ihrr rli.)ii."-iri.l aljr-.rlLrr No.9 of 2024 dated 17.09.2024. However, ifLhc irplre:il i,r;n.:s [..",iihin ]the exception of Circular No.S of 2024, itwould be opei: lo the Income Tax Department to seek revival of theappeal. No cosi:s- 6. As a scquci. rrriscellaneous applications pending if any, shallstar4 <'i,lse,. Sd/- K. SRINIVASA oT REGISTRARECTION OFFICER ,TRUE COPY// To, 1 The lncome [Tax ][Appellate Tribunal Hyderabad Bench ]['B' ][Hyderabad']Z rne Commissionei [of lncome Tax (Appeals)-lV' Hyderabad']: ff.r" O"prty [Commissioner of lncome ][Tax' ][Circle-3(2)' Hyderabad']4. One CC to [lt/s ][Bot<aro ][Sapna ][Reddy, Standing counsel ][for ][lncome ][Tax][oPUc]Z rne Commissionei [of lncome Tax (Appeals)-lV' Hyderabad']: ff.r" O"prty [Commissioner of lncome ][Tax' ][Circle-3(2)' Hyderabad']4. One CC to [lt/s ][Bot<aro ][Sapna ][Reddy, Standing counsel ][for ][lncome ][Tax][oPUc]s 5ne Ci to Sn Challa [GLrnaranjan ][Advocate ] ] 6 Two CD CoPies k.rnt rlt Fr HIGH COURT DATED:1710212025 JUDGMENTITTA.No.135 of 2012 DISMISSING OFTHE APPEAL Ia"f*"[Yr- -,<\aa5 2c)(,{I03 npn ZffiI,*r:41611€O )