Itta/151/2007 Of The Commissioner Of Income Tax-Iii, Hyderabad v. M/S Sri K.s.n. Enterprises [P] Ltd., Hyderabad

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY,THE TWELFTH DAYOF NOVEMBERTWO THOUSAND AND TWENTY FOURPRESENT THE HONOURABLE THE CHIEF JUSTICE ALOK ARADHEANDTHE HONOURABLE SRI JUSTICE J. SREENIVAS RAO INCOME TAX TRIBUNAL APPEAL NO: 151 OF 2007 Appeal filed under Section 260 A of the lncome Tax Act, 1961 against theOrder dated 31 .01.2006 passed In lTA.No. 5331H12002 for the Assessment year1998-99 on the file of the lncome Tax Appellate Tribunal, Hyderabad Berrch 'A',Hyderabad preferred against the Order dated 11.03.2002 passed in Appeal No. ITANo. 362/SR-4/C|T(A)-|V/2001-02 on the file of the Commissioner of lncome Tax(Appeals)-|, Visakhapatnam Camp, Hyderabad preferred against the Order dated30.03.2001 passed in PAN/GIR No. S-158 on the file of the Joint Commissioner oflncome Tax (Assts.), Spl. Range-4, Hyderabad. Between: The Commissioner of lncome Tax-lll, Hyderabad ...Appellant ANDM/s. Sri K.S.N. Enterprises [P] Ltd., 104/105, Pancom Business Centre,Ameerpet, Hyderabad. ...Respondent Counsel for the Appellant : Sri J.V. Prasad, Sr. SC for lncome Tax Counsel for the Respondent : Mr. M. Sridhar The Gourt delivered the following: JUDGMENT THE HON'BLE THE CHIEF JUSTICE ALOK ARADHE AND THE HON'BLE SRI JUSTICE J.SREENTVAS RAO INCOME TAX TRIBUNAL APPEAL No.151 of2OO7 JUDGMENT: (Per the Hon,ble the Chief Justice Alok Aradhe) Mr. J.V.Prasad, learned Senior Standing Counsel forIncome Tax Department for the appellant. Mr. M.Sridhar, learned counsel for the respondent. 2. Learned Senior Standing Counsel for theappellalt fairly submits that the subject matter of theappeal is below the monetar5r limit prescribed in theCircular No.O9 / 2024, dated lT.Og.2024. 3. In [,.riew ]of aforesaid submission, the appeal isdisposed of. However, liberty is reserved to the appellalt torevive the appeal in case the case falls in any of theexceptions provided in the Circular No.S/2O24 dated15.O3.2024. Miscellaneous applications pending, if aly, shall stand closed. However, there shall be no order as to costs. S/. K. SRINIVASA RAOJOrNT REGTYtRAR -ilril //TRUE COPY// SECTION OFFICER To, '1 . The lncome Tax Appellate Tribunal, Hyderabad Bench 'A', Hyderabad.. The lncome Tax Appellate Tribunal, Hyderabad Bench 'A', Hyderabad. 2. The Commissioner of lncome Tax (Appeals)-|, Visakhapatnam Camp,Hyderabad.Hyderabad. 3. The Joint Commissioner of lncome Tax (Assts.), Spl. Range-4, Hyderabad. 4. One CC to Sri J.V. Prasad, Sr. SC for lncome Tax, Advocate 5. One CC to Sri l\il. Sridhar, Advocate 6. Two CD CopiesNjb/gh \qr HIGH COURT DATED:1211112024 JUDGMENTlTTA.No.l51 of 2007 DISPOSING OF THE ITTA I,@V,riltt<"r 1ii\,.\,"t\(r;- oB JA!{ [zufi]\\ [-i,]I\eFsr,,e.r t r,rL'-z/--::-