Itta/286/2010 Of The Commissioner Of Income Tax-Iii v. M/S.vbc Ferro Alloys Ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE TENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYAND THE HONOURABLE SRI JUSTICE NARSING INCOME TAX TRIBUNAL APPEAL NO: 286 [2010] lncome Tax Tribunal Appeal Under Section 260A of the [lncome ][Tax ][Act,196'1]against the Order dated 26.09.2008 [passed ]in [No.1106/Hyd/2008 ][for ][the]Assessment Year 2004-2005 on the file of [the ][lncome Tax Appellate ][Tribunal,]Hyderabad Bench ['B', ]Hyderabad [preferred ]against [the ][Order ][dated ][31-03-2008]passed in Appeal No.289/DCIT-C.3(3)/ClI(A)-lV/2006-07 on the file of [the]Commissioner of lncome Tax [(Appeals)-lV, ]Hyderabad [preferred against ][the ][Order]dated 26-09-2006 [passed ]in P.A [/G.l.R. ][No.AAACVT2SBAN-0041154i2004-05 ][on]the file of the Deputy Commissioner [of ][lncome Tax, Circle ]- [3(3), ][Hyderabad.] Between:The Commissioner of lncome Tax-lll, IT [Towers, ][Masab ][Tank, ][Hyderabad.] ...Appellant ANDMiS.VBC Ferro Alloys Ltd, 6-2-913/9'14, 3rd [Floor, Progressive ][Towers,]Khairtabad, Hyd. ...Respondent Counsel for the Appellant : Ms. Sapna [Reddy ][representing]Sri J V Prasad, Sc for lncome [Tax] Counsel for the Respondent: Sri [Challa Nagendra Prasad]The Court delivered the following: [Judgment] .,r.** '/ THE IIONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE TTONOURABLE SRI JUSTICE NARSING RAONANDIKONDA ITTA No.286 OF 2010 JUDGMBNT (per Hon'ble Sri Justice P.Sam Koshy) Heard Ms. B.Sapna Reddy, leamed Junior Standing Counsel representing Mr. J.V.Prasad, learned Senior SitandingCounsel for the Income Tax Department for the appellant. perusedthe record. 2. This appeal undel Section 260,{ of the Income llax Act.I 961 , has been preferred by the Revenue as the r,Lppellantagainst the order dated,26.09.2008 passed by the Income TaxAppellate'fribunal, Hyderabad Bench,B', Hyderabad, inI.T.A.No.1 l,)6lHydl2008 for the Assessment year 2004-0: .3. Central Board of Direct Taxes (CBDT) has issued Circular;No.9 of 202.4 dated 17.09.2024, amending the previous CircularINo.5 of 2024 dated 15.03.2024,by further enhancing the r:ronetarylimits for fibng appeals by the Income Tax Department bt:fore thelncome Tax Appeiiate Tribunais, High Courts anti Suprenre Court tI \ \ as a measure for [reducing ][litigation. ][ln ][paragraph ][2 ][of ][the ][said]Circuiar, we find that [the ][monetary ][timit ][frxed ][for filing ][an ][appeal]before the High Court [is ][Rs.2.00 ][crore.] 4. In the instant appeal, [tax ][effect ][is ][well ][below ][the ][monetary]limit. 5. Therefore, the appeal [filed ][by ][the ][Department ][is ][dismissed ][in]terms of the aforesaid [Circular ][No.9 ][of ][2024 ][dated 17'09'2024']However, if the appeat [comes ][u'ithin ][the ][exception ][of ][Circular]No.5 of 2024, it [would ][be open ][to the Income ][Tax ][Depattment to]seek revival ofthe [appeal. ][There shall ][be no ][order ][as ][to ][costs'] 6. Consequently, [miscellaneous ][petitions pending, ][if ][any, ][shall] stand closed. Sd/- K. SRINIVASA T REGISTRARECTION OFFICER //TRUE To, 1.The lncome [Tax Appellate ][Tribunal' ][Hyderabad ][pgncn ]['4" ][Hyderabad]2.The Commissioner [of lncome ][Tax ][(Appeals)-lV' ][Hyderabad]2The Deputy [Commissioner of ][tnto'" ][iax' ][Circle ][-.3(3)' ][Hyderabad]4.o"".l"iil'siil [v ][Prasad, ][Sc ][for ][lncome ][Tax ][[oPUC] ][.]il; aa [io ][sri ][cn"tt" ][Nagendra Prasad' Advocate ][ ]2.The Commissioner [of lncome ][Tax ][(Appeals)-lV' ][Hyderabad]2The Deputy [Commissioner of ][tnto'" ][iax' ][Circle ][-.3(3)' ][Hyderabad]4.o"".l"iil'siil [v ][Prasad, ][Sc ][for ][lncome ][Tax ][[oPUC] ][.]il; aa [io ][sri ][cn"tt" ][Nagendra Prasad' Advocate ][ ]6.Two CD CoPies w ADK/gh HIGH COURT DATED:1010212025 JUDGMENT lTTA.No.286 of 2010 DISMISSING THE ITTAWITHOUT COSTS 6r\ To, 1.The lncome [Tax Appellate ][Tribunal' ][Hyderabad ][pgncn ]['4" ][Hyderabad]2.The Commissioner [of lncome ][Tax ][(Appeals)-lV' ][Hyderabad]2The Deputy [Commissioner of ][tnto'" ][iax' ][Circle ][-.3(3)' ][Hyderabad]4.o"".l"iil'siil [v ][Prasad, ][Sc ][for ][lncome ][Tax ][[oPUC] ][.]il; aa [io ][sri ][cn"tt" ][Nagendra Prasad' Advocate ][ ]2.The Commissioner [of lncome ][Tax ][(Appeals)-lV' ][Hyderabad]2The Deputy [Commissioner of ][tnto'" ][iax' ][Circle ][-.3(3)' ][Hyderabad]4.o"".l"iil'siil [v ][Prasad, ][Sc ][for ][lncome ][Tax ][[oPUC] ][.]il; aa [io ][sri ][cn"tt" ][Nagendra Prasad' Advocate ][ ]6.Two CD CoPies w ADK/gh HIGH COURT DATED:1010212025 JUDGMENT lTTA.No.286 of 2010 DISMISSING THE ITTAWITHOUT COSTS 6r\ Y'J[R][ 1][ til:. ] [Ir ][I][€]tz2 [1 ][|YIAR ][2025]t*iDS