Itta/252/2006 Of The Commissioner Of Income Tax-Iii, Hyderabad v. M/S Venkateswara Hatcheries Ltd., Hyderabad

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE SIXTEENTH 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 INCOME TAX TRIBUNAL APPEAL No: 252 OF 2006 lncome Tax Tribunal Appeal Under Section 260A of the lncome Tax Act,1961 arising out of the order of the Income Tax Appellate Tribunal, HyderabadBench ' B' Hyderabad, in ITA No.339/Hyd/2002 for Assessment year 1997-9gdated:26-10-2005, preferred against the Order of the Commissioner of lncome Tax ,(Appeals) lV, Hyderabad, Appeat No.311/JC,SR-S/CtT(AltVtOl-02, dated:31-01_2O02, prefeted against the Order of the Joint Commissioner of lncome Tax(Assessments), Special Range-S, Hyderabad pAN/GtR No.V-14 dated:10-03-2000. Between:The Commissioner of lncome Tax-lll, Hyderabad ...APPELLANT AND M/s. Venkateswara Hatcheries Ltd., 3-5-808, Hyderguda, Hyderabad - 500 029 ...RESPONDENT Counsel for the Appellant: SRI B. NARASIMHA SHARMA, SC FOR lTDEPARTMENT Counsel forthe Respondent: SRI Y. RATNAKAR The Court delivered the following: JUDGMENT l! TI E HON'BLE SRI JUSTICE P.SAM ,KOSHY AND THE HON' L' SRI JUSTICE LAXMI NARAYANA ,1.[ II: HETTY I.T.T.A. No.252 of 20O6 JUDGMENT. or,,i /r'/ [rl ]id ,/L.s/,i l P.SAM KOSHY) I-l earc: S,r-r[:;. Narasimhit Sarma, leai-n,:d !:cii tsIl !Or tlteappc I lan 1 an .lS'ri Y. Ratnal<ar, learned cf u I r.el lbr tlreresp()ndcnt2. 'lhrs iLppcI urtder Sectiorr 260A ol th< i:r,:rrrne ['l-;rx ]-,\c.[.196 l. h:rs br:crPreferrcd [b1, ][Lhe Revenue ][as ][ilr,) ][rrPpellant]again sjt t hr: or-c:: clt.26.10.2005 passed by i'rr: [j ]['icr;rrrc ]['iax]Appc:l1ate l'ribrritl, Hvderabarl Bench 'B', Hr. <1,:r-abad. inITA.No.3139lH1 cl2t.O(12 for the erssessment vear 1q!):' I 9()83. Cen tral l:lor I rf Direct Ta,xe s (CBDT) h:rs isstr,rd CircularNo.l7 of 2019) [(]-,r)8.08.2019, arnending the pr,:r'i rr rs CirculzrrNo.3 of 2018 ctt.1 O'7 .2O18, by further enhan<:ing tl-.:: nLonet:rr-r,limits for liiing a1pcats by the hrcome Tax Departrne rr ll( fore thclncomc Tix Ap1:lla:,e Tribunals, High Courts al r(l SLll)remeCourt as a na easlr,. frrr reducing litigation. In p:tra.e;ra,1>i-r 2 of tl'resaid Circr.tlar, v,,efi rc that the monetarlr limrt lxerl Ir;r frling ar-rappcirl belirre tlLc'1 glr Cor-rrt is Rs. 1 OO crore, I t In the instart appeal, tax elfect is well below the monetary 4limitlimit 5. Therefore, the appeai filed by the Department is dismissedin terms of the aforesaid Circular No. 17 of 2019 clt.Og.O B.2olg.However, if the appeal comes within the exception underparagraph 1O of Circular No.3 of 20 1g, it rvouid be open to theIncome Tax Department to seek revival ol the appeal. No orderas to costs 6. Consequently, misceiianeouspetition s pcnding, if any,sha.ll stand closed. Sd/- M. VIJAYA BHASRJOINT REGIRsEcTtoFFICER //TRUE COPY// To, 1The lncome Tax Appellate Tribunal, Hyderabad Bench [, ]B,Hyderabad. 2The Commissioner of lncome Tax , (Appeals) lV, Hyderabad. 3The Joint Commissioner of lncome Tax (Assessments), Special Range-5,Hyderabad.Hyderabad.4One CC to SRI B. NARASTMHA SHARMA, SC FOR tT DEPARTMENTloPUclloPUcl5One CC to SRI Y. RATNAKAR, Advocate 6Two CD Copies kamNJB II HIGH COrJt l'l- DATED:161 [tB12023] JUDGMENTITTA.No.252 of 2O0G ITTA IS DISN ISSED l/3tid\'\',.-. [-a][ I--]/')i\o \.(llr.l)\*$\