Itta/275/2019 Of The Commissioner Of Income Tax- Iv v. M/S. Matrix Laboratories Ltd

13386l IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY, THE TWENTY NINTH 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: 275 of 2O19 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act, 1961arising out of the order of the lncome-Tax Appellate Tribunal, Hyderabad Bench ' B 'arising out of the order of the lncome-Tax Appellate Tribunal, Hyderabad Bench ' B 'Hyderabad, in ITA No. 938lHydl2O1O, for assessment Year 2OO2-O3 dated 02-O7-2012 preferred against the Order of the Commissioner of lncome Tax, (APPEALS)-V, Hyderabad, ITA No.056/DC-16(2yClT(A)-Vl2008-09, dated:22-O3-2010, preferredagainst the Order of the Deputy Commissioner of lncome Tax Circle 16(2),2012 preferred against the Order of the Commissioner of lncome Tax, (APPEALS)-V, Hyderabad, ITA No.056/DC-16(2yClT(A)-Vl2008-09, dated:22-O3-2010, preferredagainst the Order of the Deputy Commissioner of lncome Tax Circle 16(2),Hyderabad PAN/GlR No.AADCM3491MlM-171, dated 29-08-2008. Between: The Commissioner of lncome tax- lV, Hyderabad ...AppellanURespondent AND M/s. Matrix Laboratories Ltd., Plot No.5641N22, Road No. 92, Jubilee Hills,Hyderabad - 500034 ...RespondenUAppellant Counsel forthe Appellant: SRI B. SAPNA REDDY, Learned counsel appearingon behalf of SRI J.V. PRASAD, SENIOR SC FOR TNCOME TAX Counsel forthe Respondent: DUNDU MANMOHAN The Court delivered the following: JUDGMENT \ 'TIII' HON'BLI,] SIII.IUSI'ICO P.SAM KOSHY ANI) .TII[. IION'I]I-E SITI .IUSTI(]E I-AXMI NARI\YANA ALISHI'T'I'Yl.T.T.A. No. 275 of 2019 Jtrl)(;MIiNl'.(1rcr lton bla Sri .lusticc P.SAM KOSHy) i lcard ivls.B.Sapna Redd;,, learned counsel appcaring on behall'ol'Mr'.J \,'.Prasaci, lcamed Scnior Standing Counscl loL the appellant.l. I his appeal trnde r- Section 260.4 of the Income J'ax Act, 196 l, hashccr, Drele','.d by thc Revenue as the. appellanl against thc orderd1.01.07.20 11 nassed bv the lnoome 1-ax Appellate Tribunal, I{ydcr-abadlJeirclr ['B'. ]Ilrderabad. in L1'.A.No.938/l{ydl2010 fbr thc Assessmcr-rtYear l0()2-01 :1. [('cntral ]lloard o1' Direct ['Iaxes ](CBDI) has issued Circular No. i 7o1'1019 dt,08.08.2019. amending rhe previous Circular No.3 ol-10 lgdt. I 1.07.20 18, by furthcr enhancing the monetary limits fbr filing appeatsby the Income Tax I)cpartrncnt belore the Income Tax AppellateTribunals. I ligh Courts and Suprerne Court as a measure for reducinglitigation. In palagraph 2 o1 the said Circular, we find that the rnoneLarylirnit llxcd lbr filing an rppcal belore the IJigh Court is Rs.l.00 crore. ln thc instant altpcal, tax ctl'ect is rvell bclou,the monctary lintit -1 II \ -5. [Thercfirre. ][the ][appeal ][ti ][lcci ][hy ][thc l)cpartnrcnt ][is ][d ][irnrisscd ][in ][t.:nrrs]of the afblesaid Circuiar No.l'i ol'20i9 dt.08.0ll.l()lt). liorrc..cr'. it'tireappe.ri comes within the cxception undel paragra;rli I0 o{'Circuiar l.ltr.jol l0 18, it r','ould be opcn to tl,e Inr:ortre ['l ]ar DeLrurtnrent to scck rc.;ir.,alrif thr: appeal. irr o order as to costs ()Consequently, miscellaneous petitions perJirrg, it rni,, stiall standcloscd.closcd. sa'-x.sffiyt?fr[iRSECTffiI //TRUE To, 1. The [lncome-Tax ][Appellate ][Tribunal' Hyderabad ][Bench' ][B ' ][Hyderabad']2. The [Commissioner ][of ][lncome Tax' (APPEALS)-V' Hyderabad']2. The [Commissioner ][of ][lncome Tax' (APPEALS)-V' Hyderabad'] 3. The [Deputy Commissioner of ][lncome Tax ][Circle 16(2)' Hyderabad'] 4. One [to SRI ][J'V' ][PRASAD' ][Sr ] [ ] 5. [One ] [to SRI DUNDU ][MANMOHAN' ][Advocate ] 6. Two [CoPies] kam f*:a '. [j-] HIGH COURTPSK,J & LNA,J DATED:2910812023 JUDGMENT ITTA.No.275 of 2019 THE APPEALIS DISMISSED a)a-? .'!i,itt1 [5tt][ $j,]*,'.',-...'- .i'\