Itta/199/2018 Of The Commissioner Of Income Tax-I v. M/S. Divis Laboratories Limited

IN THE HIGH COURT FOR THE STATE AT HYDERABAD MONDAY; THE SEVENTH DAY TWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE A. LAXMI INCOME TAX TRIBU NAL APPEAL [No: 199 ] [2018] lncome Tax Tribunal Appeal Under [Section ][2604 ][of ][the ][lncome ][Tax ][Act,]1961 arising out of the order of the [lncome-Tax ][Appellate ][Tribunal, ][Hyderabad]Bench ' A' Hyderabad, in ITA No.11lHydl2O12, [for ][Assessment ][Year ][2004-05]daled:12-O7-2013 [preferred ]against the [Order ][of ][the Commissioner of lncome ][Tax,](Appeals)-ll, Hyderabad, lTA. No.0201/ClT(A)-ll/2009-10, [dated:1 ][3-10-201 ][1 ]'preferred against the Order of the Deputy Commissioner of lncome [Tax, ][Circle ][-1(2),]Hyderabad, P.A.N / G.l.R No. AAACD6745J, [dated ][17-12-2009.] Between: The Commissioner of lncome tax-1, Hyderabad ..,APPELLANT AND lVis. Divi's laboratories Limited, 7-1-77lEl1l3O3, [Divi ][towers, Ameerpet,]Hyderabad- ...RESPONDENT Counsel for the Appellant: SRI J.V. PRASAD, Counsel for the Respondent: SRI G.V.N. HARIThe Gourt delivered the following: JUDGMENT THE HON'BLE SRI JUSTICE P.SAM KOSITY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYA]{A I.T.T.A. No. 199 of 2O18 JUDGMENT:4,r., i lotL'bic Sn,tustite p.SAM I{OSHy) Heat'd Sri.I_V_Prasad, learned Senior Standing Counsel appearing forthe appellant.the appellant. 2. This app:al under Section 260A of the Incomc Tax A.t, 1961, hasbeen prefcrrccl by the Revenue as the appellant againjt the orderdt.l2.O7.2013 passed by the Income Ta_x Appellate Tribunal, HyderabadBench 'A', Hvd':ri1[261, in l.T.A.No.1l/Hydl2ol2 for the Assr:ssment yeaf2004 05. 3. Centraal E oard of Direct Ta-res (CBDT) has issued Circular No. I 7 of20l9 dt.08.rJ8.2019, arnending the previous Circular No.3 of 2OI8dt. 11.07.20 18, 1r1, further enhancing the monetary limits for -rling appealsby the Incomc ['l ]ax Department bcfore the Income Tax Appellate Tribunals,High Courts :ur I Supreme Court as a measure for reducing titigation. Inparagraph 2 of .he said Circular, we frnd that the monetary limit fixed forhling an appeal Irefore the High Court is Rs. 1 .OO crore_ 4ln the insrant appeal, ta-x effect is well below the monetary lirnit_ 5- Thereforc, thc appeal hled by the Department is dismissed in terms ofthe aforesaid Circular No.t7 of 2019 dt.08.08.2019. However, if the appealcomes within th( exception under paragraph 1O of Circular No.3 of 2Olg, it \ uoui(l l)e open to the Incornc Ta_x Dep.utmcnt to scek revr\al ol the lpl)ealNo ordcr as to costs. 6Consequently, misccllarcous peritions pending, if any, shall sr_andclo sec.lclo sec.l Sd/-K,SRINIVASA RAOJOINISEGISTRARsecl?Rorrrcen //TRUE COPY// To, 1. The lncome-Tax Appellate Tribunal, Hyderabad Bench ['A ][' ]Hyderabad. 2. The Commissioner of lncome Tax , (Appeals)-ll, Hyderabad. 3. The Deputy Commissioner of lncome Tax, Circle [-1(2), ][Hyderabad.] 4 One CC to SRI J.V. PRASAD, SC FOR INCOME TAX 5 One CC to SRI G.V.N. HARI, Advocate 6. Two CD Copies *P' kar.r III(IIII HIGH COUF:T PSK,J & LN,q,J DATED:071A8t2023 JUDGMENT ITTA.No.199 of 2018 THE APPEAI.IS DISMISSE D .-5Y: rrs"(o$' 1-[,-l:a--'.--]$-IA 16 o).\{\{iiC)15 [EPl@]i,>1* ,.,,r.,.:-.i '.7, _-i,*q..-_:,.11 --