Itta/183/2005 Of The Commissioner Of Income Tax-Iii, Hyderabad v. M/S. Shriram Chits Pvt. Ltd. Hyderabad

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE TWENTY EIGHTH DAY OF DECEIUBERTWO THOUSAND AND TWENTY TWO PRESENT THE HON'BLE THE CHIEF JUSTICE UJJAL BHUYANANDTHE HON'BLE SRI JUSTICE C.V. BHASKAR REDDY INCOME TAX TRIBUNAL APPEAL NO: 183 OF 2005 Appeal Under Section 260A of the lncome Tax Act, 1961 against theorder dated 26-07 -2004 in ITA No. 3271 Hydl2001 on the file of the lncometax Appellate Tribunal, Hyderabad Bench -B, Hyderabad preferred against theorder of the Commissioner of lncome Tax (Appeals ) Vijayawada dated 22-02-2001 in ITA No. 135/JCSR 4/Hyd/ClT (A) / VJA / 2000-01 ( Old ITA No. 7 /JCSR4 /ClT (A) ll / 2000-01 ) preferred against the order of the JointCommissioner of lncome Tax ( Assts ) Special Range -4, Hyderabad Between: The Commissioner of lncome Tax-lll, Hyderabad. AND M/S. Shriram Chits Pvt. Ltd., Hyderabad. ...APPELLANT ...RESPONDENT Counsel for the Appellant: SRl. J V PRASAD (SC FOR INCOME TAX) Counsel for the Respondent: SRI R.V. EASWAR, SENIOR COUNSEL FORSRI K. MAHESHWARA RAO The Court delivered the following: Judgment I I THE.ION'BLE THE CHIEF JUSTICE UJJAL I|,]qU]LANAr!pTHE HON'BLE SRI JUSTICE C.V,BHASKAR,.3E!PII.T.T.A.No. 183 of 2OO5_ JUDGMENT: Per tlp ITon'bLe tlLe ChieI Jusrice Ujjat Bhugal) Heard Mr. J.V.Prasad, learned Standin s Counsel forIncome Tax Department appearing for the app3llant and MrR.V.Easvvar, learned Senior Counsel for the resl)c)ndent. 2. Thir appeal under Section 260A of tte In,:ome TaxAct, 1961 (b'ieflv, 'the Act' hereinafter), has been prt:ferred bythe revenL e as the appellant against the orderdated 26.0i .20O4 passed by the Income '[ax AppellateTribunal, H rderabad Bench 'B', Hyderabad (T'ribunal),1nI.T.A.No.327 [tHyd ]/ 2OOI for the assessment yea' 19c:7 -98. 3. Mr. J.V.Prasad, learned Standing ,tounsel fairlysubmits tha ta: effect in this appeal is below the monetarylimit for filin11 appeal. 4. Cen tral Board of Direct Taxes (CBD'|) hzLs issuedCircular No.17 of 2019, dated 08.08.2019, rlnrerLding the lI previous Circular No.3 of 2018, dated 11.07,20 18, by furtherenhancing the monetary limits for filing appeals by theIncome Tax Department before the Income Tax AppellateTribunals, High Courts and Supreme Court as a measure forreducing litigation. In paragraph 2 of the said circular wefind that the monetary limit fixed for filing an appeal beforethe High Court is Rs.1.00 crore. 5. Therefore, the appeal filed by the revenue isdismissed in terms of the aforesaid Circular No.17 of 2019,dated 08.08.2019. However, if the appeal comes within theexception under paragraph 10 of Circular No.3 of 2018, itwould be open to the Income Tax Department to seek revivalof the appeal. Miscellaneous applications pending, if any, sha1l standclosed. However, there sha1l be no order as to costs. Sd/. B.S. CHIRANJEEVIJOINTAEGISTRAR//TRUE coPY// secrioforrrcen To1.The lncome tax [Appellate Tribunal, Hyderabad ][Bench ][-B' ][Hyderabad]2.The Commissioner [[of ][lncome ]][[lncome ]][Tax (Appeals ][) ][Vijayawada]1.The lncome tax [Appellate Tribunal, Hyderabad ][Bench ][-B' ][Hyderabad]2.The Commissioner [[of ][lncome ]][[lncome ]][Tax (Appeals ][) ][Vijayawada] 2.The Commissioner [[of ][lncome ]][[lncome ]]-4-4J.TheJointcommissioneroflncomeTax(Assts)SpecialRangeHyderabadTheJointcommissioneroflncomeTax(Assts)SpecialRangeHyderabad4oneCCtoSRI.JVPRASAD(SCFoRINCoMETAX)Advocate[oPUC]5. One CC to [SRl.]K. MAHESWARA [RAO, ][Advocate ] 5. One CC to [SRl.]K. MAHESWARA [RAO, ][Advocate ] 6. Two CD CoPies \.\"- HIGH COURTHCJ & CVBRJDATED: 28112'2022 JUDGMENTITTA.No.183 o f 2005 DISMISSING THE I! TAWITHOUT COSTSr3 ^\[{i]WITHOUT COSTSr3 ^\[{i] lrlE [s)a]Q^l0 2 FiB 2023 _?,rti.YC4