Itta/18/2008 Of The Commissioner Of Income Tax Iii, Hyderabad v. Shrilekha Hire Purchase And Finance [P] Ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD SATURDAY, THE NINETEENTH DAY OF AUGUSTTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE LAXMI NARAYANA ALISHETTY INCOM E TAX TRIBUNAL APPEAL No: 18 0F 2008 lncome Tax Tribunal Appeal Under Section 260A of the lncome Tax Act,1961 arising out of the order of the lncome Tax Appellate Tribunal, HyderabadBench ' B' Hyderabad, in ITA No.61/Hyd/2003 for Assessment year 2000_2OO.ldated:30-'10-2006, preferred against the order of the commissioner of lncome Tax ,(Appeals) lV, Hyderabad, Appeat tTA.No.104 to 107/DC-3(iyCtT(A)-tV/2003_04,dated:13-08-2003,preferred against the order of the Deputy comrnissioner oflncome Tax-3(1), Hyderabad PAN/GlR No.SH-82 dated:26-03-2003. Between: The Commissioner of lncome Tax lll, Hyderabad ...APPELLANT AND Shrilekha Hire Purchase & Finance (P) Ltd_, 10--3-56 t4t1, East lvlarredpally,Secunderabad. ...RESPONDENT Counsel forthe Appellant: SRI B. NARASTMHA SHARMA, SC FOR lT DEPARTMENT Counsel forthe Respondent: SRI B. SAPNA REDDY The Court delivered the following: JUDGMENT I Trl :D HON'BLE SRI JUSTICE P.SAM I(OSIlf AND TIIE HON,I: I,I, SRI JUSTICII LAXMI NARAYA,{A ALISHETTY I.T.T.A. No.18 of 2OO8 JUDGMENTyt-:r I {L .'..ie ;;rr Justl.e P.SAM KOSHY) Hearcl Sri il flarasimha Szrrma, learned cotLrts,el [irppearing]for the appellar':. ,Lnd Smt. B. Sapna Reddy, eartl:ri [c(,unsel ][for] the re spot-rrl t:nt '2. This appt: . u.nder Sectiot-i 260A of the lr: c orne Tax Act,1961, has bec L preferred by the Revenue as tl.re appellantagain st th,-' or le:r dt.30.10.2006 passed b,' :-l-it lncome [Tax]Appcllate TrLb rr: al, Hl,dera'rad Bench 'E', l:11'tlerrbad,1nITA.No.61/H1,d, 2,)C3 for the assessment [year ]2OCr()-:10(r13. Clentlal ts,:.rd of Dircct ['lzrxes ](CBDT) ILas is,sirec.. Circular No.17 of 2019 iI .08.08.2019, amending the prr:'zi:rt-rs Circular No.3 of 20 8 d. 1 L.C7 .2078. Lrt, further enha:'icing t re monetarylimris for fi ing r [p ][peals ]bv the lncome Tex De1>artr-rl.e'-Lt [before ][the] Income Tax A1 F'ellate Triburals, High Cotrrts al rd [Supreme]CourL as a mea ilrre for reducir-rg litigation. In [paraglap ][-r ][2 ][of the]said Circular. r' : fir-rd lhat th: rnonetary limit fi,re d for liling anappcal befc. r'c t I [r: ]Hrgh Conrt is lis. 1 .00 crore l 4. In the instant appeal, tax effect is well below the monetarylimit. 5. Therefore, the appeal filed by the Department is dismissedin terms of the aforesaid Circular No.17 of 20i9 dt.O8.0B.2Ol9.However, if the appeal comes within the exception underparagraph 10 of Circular No.3 of 2018, it would be open to theIncome Tax Department to seek revival of the appeal. No orderas to costs. 6. Consequently, miscelianeous petitions pending, if any,sha-ll stand closed. Sd/.M.VIJAYA JOINtrREGISTRAR(]DSECION //TRUE To, 1. The lncome [Tax ][Appellate ][Tribunal' ][Hyderabad ][Bench ][' ][B' ][Hyderabad'] 2. The Commissioner [of ][lncome ][Tax ][, ][(Appeals) ][lV' ][Hyderabad'] 3. The Deputy [Commissioner of lncome ][Tax-3(1)' ][Hyderabad'] 4. One CC to [B. ][NARASIMHA SHARMA' ] [FOR lT DEPARTMENT]toPUCltoPUCl 5. One CC [to SRI ][B. ] [REDDY' ][Advocate ] 6. Two CD [CoPies] kam HIGH COURT PSK,J & L.NA JI DATED:19/08i 2 023 JUDGMENT lTTA.No.18 o1l i1008 ITTA IS DISM SiSED --,:=:r1'^.:'iY.i [Srr'lc]OrI/:,1').,$ [t, ][5tl N8]tt.{:: ,.- -, ------' 4)Lt[{],----ffir-:'t-/ )?))