Itta/143/2008 Of Commissioner Of Income Tax-Iii v. M/S.vijai Eelectricals Limited

[ [3418 ]] -- IN THE HIGH AT HYDERABAD THURSDAY, TWO THOUSAND PRESENT THE HONOURABLE ANDTHE HONOURABLE INCOM [N][O:1][ 43 ][0F ][2008] lncome Tax [Tribunal ][Appeal under ][Section ][260 ] [of ][the ][lncome Tax ][Act']1961 against the [Order ][made ][in ][l'T'A'No ][340/Hyd/1999' dated ][11 ][07 ][2003 ][on ][the file]of the lncome [Tax ][Appellate ][Tribunal, ][Hyderabad ][Bench ]['B" ][Hyderabad' ][for ][the]Assessment [Year ][1994-95, ][prefened ][against ][the ][Order made ][in IT'A ][No 293/DC]SR-1/C|T A3/98 [99 ][dated ][25-02-1999 on the file of the Commissioner ][of ][lncome ][Tax'](Appeals)-lll, Hyderabad [preferred against ][the ][Order ][made ][in ] [No ][V4']dated 27-03-1997 [on the ][fite ][of ][Deputy ][Commissioner ][of ][lncome ][Tax' ][(Assts)]Spl.Range-1, [HYderabad.] Between: Commissioner [of ][lncome ][Tax-lll, ][Hyderabad] ...APPellant AND M/s.VijaiEelectricalsLimited,PlotNo.28,lDA,Balanagar,Hyderabad ..,ResPondent Mr J V PrasadSenior Standing [Counsel ][for ][lncome Tax] Counsel for [the APPellant]Department Sri AV AV [ASiva ][KartikeYa] Sri AV AV Counsel for [the ResPondent]The Court delivered [the ][following ][Judgment ][:] THE HON'BLE THE CHIEI. JUSTICEAI.OK ARADHEANDTHE HON'BLE SRI WSTICEJRAO INCOME TAX TRIBUNAL APPEAL No.143 of 2OO8 JUDGMENT: pet the Hotlbte the chtel Justi@ Atak Aradhe) Mr. J.V.prasad, learned Senior Standing Counsel forIncome Ta: Department for the appellant. 2. Learned Senior Standing Counsel for the appellaltsubmits that the subject matter of the appeal appears to bebelow the monetary limit prescribed in the CircularNo.O9 l2O2+, dated 17.O9.2024. He, therefore, seeks leaveof this Court to withdraw the appeal in the light of theCircular No 09 / 2O2a, dared 17.O9. 2024, wfih the liberty torevive the same in case the subject matter of the appealfalls in anl of the exceptions provided in the circularNo.5/2O24 dated 15.O3.2O24. Leamed Senior StandingCounsel for rhe appellant further submits that, in addition,the appellturt be aiso granted the liberty to revive theappeal in case the subject matter of the appeal is above the monetarJr limit prescribed in t.I.e Circular No.O9 12024,12024, dated 17.09.2024. 3. In view of the aforesaid, the appeal is disposed of interm-s of the libert5r as prayed for. Miscellaneous applications pending, if any, shall stand closed. However, there shall be no order as to costs A.v.s.s.c.s.M. sARluAJorNr rctsrf,AR/SEdTION OFFICER //TRUE COPY// To, 1The lncome Tax Appellate Tribunal, Hyderabad Bench 'B', Hyderabad2The Commissioner of lncome Tax, (Appeals)-lll, Hyderabad3The Deputy Commissioner of lncome Tax, (Assts) Spl.Range-|, Hyderabad4One CC to Mr J V Prasad, Senior Standing Counsel for lncome TaxDepartment TOPUCI 5One CC to Sri A V A Siva Kartikeya, Advocate 6Two CD Copies6Two CD Copies VA/gh fk HIGH COURT DATED:021O112025 JUDGMENTlTTA.No.143 of 2008 DISPOSING OF THE ITTA rHF- 14 r4r'kQ^''i2f Jili iffiIrii2*{'sparcn €O