Itta/26/2017 Of The Pr Commissioner Of Income Tax, Hyd v. M/S. Mishra Dhatu Nigam Ltd., Hyd

HIGH COURT FOR THE STATE OF TELANGANA TUESDAY,THE FIRST DAY OF AUGUSTTWO THOUSAND AND TWENW THREE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE L/N(MI NARIAYAI{AALISHETW INCOME TN( TRIBUNAL APPEAL NO: 26 OF [2017] (lncome Tax Tribunal Appeal Under Section 26GA of the lncome Tax Act, [against]the order of the lncome Tax Appellate [Tribunal, Hyderabad Bench ]['A', ][Hyderabad ][in]ITA No.471lHYD 12015, fot assessment Yeat [2011-2012, ][dated ][15.07.201 ], [preferred]against the Order of the Commissioner of [lncome ][Tax ][Appeals-4, ][Hyderabad,]Appeal No. 0396/2011-12/DC|T, Cir.16\2lclT(Al4lBydl201+15, [dated]09-01-2015, [preferred ]against the Order [of ][the ][Deputy Commissioner ][of ][lncome]Tax, Range-16, Hyderabad, PAN/GIR No. [AABCM6345NM{57, ][dated ][1842-]2O14.) Between: The Pr Commissioner of lncome [Tax, Hyd, Hyderabad.] .,.APPELLANT ANDM/s. Mishra Dhatu Nigam Ltd., [Corporate Office, P.O.Kanchan ][Bagh,]Hyderabad. ...RESPONDENT counsel for the Appellant [:sRl. ][J. ][v. ][PRASAD (SC FOR INCOME ][TA()] Counsel for the Respondent [:NONE APPEARED]The Court made the following: THE HON'BLE SRI JUSTICE P.SAM KOSEY AfiD THE IIOI{'BLE SRI JUSTICE A. I"A)GII NARAYANA I.T.T.A. No.26 of 2OL7 JUDGMENT: pe r Hon'ble Si Justice P.SAra KOSHY) Heard Sri J.V.Prasad, leamed Senior Standing Counsel appearing forthe appellant. 2. Ttris appeal under Section 260A of the Income Tax Act, 1961, hasbeen preferred by the Revenue as the appellant against the orderdt.15.07.2015 passed by the Income Tax Appellate Tribuna-I, HyderabadBench 'A', Hyderabad, in I.T.A.No.471 /Hyd./2015 for the Assessment Yerr20t.1-12. 3. Central Board of Direct Taxes (CBDT) has issued Circular No.l7 of20 19 dt.08.08.2019, amendirg the previous Circular No.3 of 2O 18dt.1I.07.2018, by further enharcing the monetary limits for filing appealsby the Income Tax Department before the Income Tax Appellate Tribunals,High Courts and Supreme Court as a measure for reducing litigation. lnparagraph 2 of the said Circular, we hnd that the monetary limit fixed forhling an appeal before the High Court is Rs.1.O0 crore. 4. In the instant appeal, tax effect is well below the monetary limit. 5. Therefore, the appeal frled by the Department is dismissed in terms ofthe aforesaid Circular No.17 of 2019 dt.08.08-2019. Howevcr, if the appealcomes within the exception under paragraph 1O of Circular No.3 of 2O18, it would be open to the Income Tax Department to seek revival of the appca_lNo order as to costs. 6. Consequently, miscellaneous petitions pending, if any, shall standclosed. I I Sd/- K. SRINIVASARAOJOINT REGISTRAR+uq-YSECTION OFFICER //TRUE COPY// To, 1. The lncome Tax Appellate [Tribunal, Hyderabad Bench ]'A', [Hyderabad] 2. The Commissioner of [lncome Tax Appeals-4, Hyderabad] 3. The Deputy Commissioner of [lncome Tax, Range-16, Hyderabad] 4. One CC to SRl. J [V. PRASAD (SC ][FoR ] [TAX) ] 5. Two CD Copies NJBDL[$4] HIGH COURTDATED:01/08/2023 JUDGMENTlTTANo.26 of 2017 DISMISSING THE APPEAL2r. 1[rrE ][5 ] [ rA](e'J2s[lJ8 [2m]c)I-:-.-.--..-