Itta/257/2007 Of The Commissioner Of Income Tax-Iii v. M/S.sehgal Leasing And Investment Ltd

IN THE HIGH COURT FOR AT HYOERABAD WEDNESDAY, THE NINTH DAY OF AUGUSTTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA INCOME TAX TRIBUNAL APPEAL No: 257 OF [2OO7] lncome Tax Tribunal Appeal Under Section 260A of [the ][lncome ][Tax ][Act,]1961 arising out of the order of the income Tax [Appellate Tribunal, ][Hyderabad]Bench ['A', ]Hyderabad in ITA No.802/Hydl2OO4, [for ]Assessment [Year ][200'1-02 dated]1 3-10-2006 preferred against the Order of the Commissioner of [lncome ][Tax ],(Appeals-lV), Hyderabad, Appeal No.048/AC-3(1yClT(A)-lV/04-05 ,dated:09-06-2004 preferred against the Order of the lncome [Tax ] [3(2) ][Hyderabad, ] No.S E-28, dated 25-03-2004. Between: The Commissioner of lncome Tax-lll, [Hyderabad] ...APPELLANT AND M/s.Sehgal Leasing and lnvestment Ltd, [6-3-1092, Raj ][Bhavan ][Road,]Begumpeet, Hyderabad ...RESPONDENT Counset for the Appellant: Mr. J.V. [PRASAD, ][Learned Senior ][Standing ][Counsel]appearing for SRI T. BALA MOHAN Counsel for the Respondent: SRI C.V. The Court delivered the following: THE HON'BLE SRI JUSTICE P.SAM KOSTTY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA I.T.T.A. No.257 of 2007 .IU_pG!4ENT:pr: t Iton hk, S;;1 .tt..:k.e p.SAM KoSHy) iicard \,1r. .J. \Prasad, lcarned Senior SreLnding Counsel ailpe .tr rrtgtor the appcllant. 2. This apoeal under Section 260A ol the Income Ta_x Act, 1961, hasbcen prefcrred bv thc Revenue as the appellant agalnst the orderdt.13.10.2006 passed bv thc Incomc Tax Appellate Tribunal. Hyclr:r abadIlcnch A'. Hyderabacl, in I.T A_No.UO2 /Hyd,l2OOa for the Assessmcnr year2001-o2. J Centrirl Boartl oi Dirt,t:t Taxes (CBDT) has issued Circu lar irrr:, l7 of2019 dt.O8.Otl.2Ol9, amcnding the previous Circular N.,.3 ot lg"0 di. I 1.07.20 18, by further t:nhancing the monetar_y limits for filing appealsbt' thc Inconrc lax Dc,partment belorc the lncome Tax Appeltate Tribunals.Hrgh Courts and Su1;reme Court as a measure for reducingl litigatron. Inparauraph 2 of the sarcl Circular, we find that the monetarv limit fixed forhling an appeal before the [{igh Court is Rs. l OO cror.e. 4in the instant a;rpea[, ta-r effect is well below.the rronetarv limir 5. Therefore. thc appeal filed by the l)epartment is dismrssed in rerms ofthe aforesaid Circular No t7 of 2019 dt.Og.Og.2o19. HowevCr, if the appealcomr:s within rhe exception under paragraph tO of Circular No.3 of 20ltt, it rvould bc open to the lncome [Tax ][Department ][to ][seek revival ][o[ ][the ][appeal] No order as to costs 6Consequently, [miscellaneous ][petitions pending, ][if ][any' ][shall ][st2'nd] s closed Sd/.K.SRINIVASA JOINT REGISTRAR ,TRUE COPY// SECTION OFFICER To,1The lncome Tax [Appellate Tribunal' Hyderabad ][Bench'A', ][Hyderabad]2The Commissionei [of ][lncome ][Tax ]' [(Appeals-lV), ][Hyderabad ][']3The lncome Tax [3(2) Hyderabad.]4One CC to [T. BALA MOHAN ][REDDY, ][Advocate ][ ]One CC to SRI C.V. [NARASIMHAM, Advocate ][ ]tltTwo CD Copies Two $- karn 'rl HIGH COURT DATED:0910812023 JUDGMENT lTTA.No.257 of 2007 ITTA IS DISMISSED .s$)b 1$G[s1-ATE]o(q-)()ot-\$r [stP$a]-1,.r-+,\.s ---. r -- ' . -,- , -. ;i-':-'- "