Itta/246/2006 Of The Commissioner Of Income Tax-Iii, Hyderabad v. M/S. Samkrg Pistons And Rings Limited

IN THE HIGH COURT FOR THE STATE OF AT HYDERABAD WEDNESDAY ,THE FIRST DAY OF FEBRUARYTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE THE CHIEF JUSTICE UJJAL BHUYANANDTHE HON'BLE SRI JUSTICE N.TUKARAMJI INCOME TAX TRIBUNAL APPEAL NO: 246 OF 2006 lncome Tax Appeal Under Section 260 A of the lncome Tax Act, 1961aggrieved by the order dated 26-09-2006 in ITA No. 727 / HYd/ 2002 ( Asst.Year 1999-2000) on the file of the lncome Tax Appellate Tribunal, HyderabadBench - B, Hyderabad preferred against the order of the Commissioner oflncome Tax ( Appeals ) lV, Hyderabad dated 29-09-2003 in Appeal No. 176lDC-3 (1) (ClT (A) - lV / 2003 -04 preferred against the order of the JointCommissioner of lncome Tax ( Assts.) Special Range - 4 , Hyderabad dated30-03-2001 in PAN / GIR No. S-42. Between: The Commissioner Of lncome Tax- lll , Hyderabad. AND ...APPELLANT M/S. Samkrg Pistons And Rings Limited, 2O1, Divya Sakthi Complex, Ameerpet,Hyderabad. 500038. ...RESPONDENT Counsel for the Appellant: SRl. J.V. PRASAD, Sc for l.T. Department Counsel for the Respondent: SRI B. ADINARAYANA RAO ( not appeared ) The Court delivered the following: Judgment THE HON'BLE THE CHTEF JUSTICE AND THE HON'BLE SRI JUSTICE [N.TUKARAMJI]I.T.T.A.No.246 of [2006] fUDGL4ENT: [()er ][il,e ][IIon'bh ][rhe ][Chief ]Jasti,v [Uiiat ][Bhryan)] Fleard I\iIr. J.V.Prasad, [leamed ][Standing ][C-ounsel, ][Income Tax]Depanment appearing [for ][the ][appellant.] 2. This appeal under [Section 260A ][of ][the ][Income ][Tax]Act, 196l has been [preferred ][by ][the ][revenue ][as ][the ][aPPellant]against the order [dated ][26.09.2005 ]Passed [by ][the Income ][Tax]Appellate Tribunal, [Hyderabad ][Bench ]['8" ][Hyderabad, ][in ][I.T.A]No.727 /Hyd/2002 [for ][the ][assessment ]Trear [L999-2000.] 3. IVIr. J.V.Prasad, leamed [Standing ][Counsel fairly ][submia ][that]tar effect in this appeal [is ][below ][the ][monetary ][limit for ][filing]appeal. 4. Gntml Board of [Direct ][Taxes ][(CBDT) ][has issued ][Grcular]No.17 of ZOtg,dated 08.08.2019, [amending ][the ][previous ][Grcular]No.3 of 2018, dated [LL.O7.2Ot8, ][by ][funher ][enhancing ][the ][monetary]limits for filing appeals by the Income [Tax Department ][before the] I,,/ I Incotne 1ax Appellate f ribunals, F[gh Courts and Supreme C-ourt as a measure for reducing litigation. In paragraph 2 of the saidcircular we find that the monerary limit fixed for filing an appealbefore the F[gh C.ourt is Rs.1.00 crore. 5. Therefore, the appeal filed by the reventre ['is ]dismissed inrerrns of the aforesaid Grcular No.17 of 20L9, dated 08.08.2019.However, if the appeal comes within the exception underparagr:aph 10 of Grcular No.3 of 2018, ir would be open to theIncome Tax Deparrmenr to seek revival of the appeal. Miscellaneous applications pending, lf any, shall stand closed.However, there shall be no order as to costs.However, there shall be no order as to costs. Sd/. M VIJAYA JOINT REGISTRARR /TRUE COPY// To 1. The tncome [Tax ][Appellate ][Tribunal, ][Hyd-erabad ][Bench ][- ][B, ][Hyderabad] 2. The commissioner [of ][tncome Tax ][( ][Appeals ][) ][lv, ][Hyderabad] 3. The Joint [Commissioner ][of ][tncome ][Tax ][( ][Assts.) ][Special ][Range ][- ][4,] Hyderabad 4. One CC to SRl. [J.V. PRASAD, SC ] [I.T. DEPARTMENT ][ ] 5. one CC to SRl. [B. ] [RAo, ][Advocate ][[oPUc]] 6. Two CD CoPies kul\}- pr HIGH COURT DATED:0110212023 JUDGMENT ITTA.No.246 of 2006 DISMISSING THE ITTAWITHOUT COSTS{n "{6'r,. [rl;lA][ 't';:])1 5 [HI\fl ][ll:l](.)t' .]l.:.;, 111-; : ''. . '