Itta/297/2012 Of Commissioner Of Income Tax-Iii, Hyd v. M/S Vibha Agrotech Ltd., Hyd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY, THE EIGHTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYrHE HoN,BLE sRr JUST.fNR*.,"o RAo NANDTKoNDA INCOME TAX TRIBUNA L APPEAL No:297 ot 2O12 Appear fired under Section 260(4) of the rncome-Tax Act., 1g61, against theorder dated 18-06-2010 passed in rrA. No.4g0/Hy dt2oog for the assessment year2002-2003 on the fire of the rncome Tax Appeilate Tribunar Hyderabad Bench ,8,Hyderabad preferred against the order dated 2g-12-2007 passed inAppeal.No.048Ttcr(A)-tvtDc-3(3)t2oo6-oz on the fite of the commissioner oflncome Tax (Appeals)-lv, Hyderabad preferred against the order dated 26_12_2006passed in PAN/G.R No.AAACV g157 A on the fire of the Deputy commissioner oflncome Tax, Circle-3(3), Hyderabad. Between: Commissioner of lncome Tax-lll, l.T. Towers, A.C. Guards, Hyderabad ...Appellant AND Mis Vibha Agrotech Ltd., 501, Shuban Sirisampada, Raj Bhavan Road,Somajiguda, Hyderabad. ...Respondent Counsel for the Appe ant: Ms. B. Sapna Reddy, Junior Standing Counselrepresenting Mr. J.v. prasad, senior standing [-counser ]for rncoire TaxDepartrnentrepresenting Mr. J.v. prasad, senior standing [-counser ]for rncoire TaxDepartrnent counsel for the Respono"r,' counset representins#i. f;rr6tl?::r" The Court delivered the following: JUDGMENT THE IIONIOURABLE [P.SANT ] ANDTHE IIO\IOURABLE NANDIKONDA ITTA No.29[7 ]0F [2012] JUDGMEI{T[(per ][Hon'ble ][Sri ][Justice ] [Sam ][Koshy)] Heard tr4s. B.Sapna [Reddy, ][leamed ][Junior ][Standing] Counsel re [presenting ][Mr. ][J.V.Prasad, ][leamed ][Senior ][Standing]Counsel fcr th: [Income ][Tax ][Department ][for ][the ][appellant ][and]Mr. G.V.Ambetwar, [learned counsel representing ] [Advocates']Perused tht: [rec ]crd. This app,eal under [[Section ]][[260A ][of ][the lncome 'I'ax Act']][[of ][the lncome 'I'ax Act']][[the lncome 'I'ax Act']] 2. This app,eal under [[Section ]][[260A ][of ][the lncome 'I'ax Act']][[of ][the lncome 'I'ax Act']][[the lncome 'I'ax Act']]1961, has br:,:n [preferred ][by the ][Revenue ][as the ][appellant]thc [or,ler ][dated ][18-06.2010 ][passed ][by ][the ][[ncome ][Tax]against Appellate Tlibunal, [Hyderabad ][Bench ]['B', ][Hyderabad, ][in]I.T.A.No.480IIIYD/2008 [for ][the ][Assessment ][Year 2002-03'] 3Cen -ral 3oard of [Direct ][Taxes ][(CBDT) ][has ][issued ][Circular]No.9 of 2J24 [dated, ][17.09.2024, ][amending ][the ][previous Circular]No.5 of 2(,24 rtated [15.03.2024, ][by further ][enhancing the rnonetary]limits for irlinl; appeals [by ][the Income ][Tax ][Deparlment ][br:fore ][the] Income Tax Appellate Tribunals, High Courts and Supreme Courtas a measure for reducing litigation. In paragraph 2 of the saidCircular, we find rhat rhe monetary limit fixed for filing an appealbefore the High Court is Rs.2.00 crore.Circular, we find rhat rhe monetary limit fixed for filing an appealbefore the High Court is Rs.2.00 crore. 4In the instant appeal, tax effect is well below the monetarylimit.limit. 5. Therefore, the appeal filed by the Department is dismissed interms of the aforesaid Circular No.9 of 2024 dated l7.Og.;024.However, if the appeal comes within the exception of CircularNo.5 of 2024, it would be open to the Income Tax Department toseek revival of the appeal. There shall be no order as to costs. 6. Consequently, miscellaneous petitions pending, if any, shallstand closed. Sd/- K. SRINIVASA RAOJINT REGISTRAR//TRUE COPY//SECTION OFFICER To, '1. The lncome Tax Appellate Tribunal Hyderabad Bench 'B' Hyderabad. 2. The Commissioner of lncome Tax (Appeals)-lV, Hyderabad. 3. The Deputy Commissioner of lncome Tax, Circle-3(3), Hyderabad. 4. One CC to tVlr. J.V. Prasad, Senior Standing Counsel for lncome TaxDepartment Department 5. One CC to Mr. G.V.Ambeswar, Advocate representing MN ADVOCATESloPUClloPUCl 6. Two CD Copies HIGH COUR.T 6. Consequently, miscellaneous petitions pending, if any, shallstand closed. Sd/- K. SRINIVASA RAOJINT REGISTRAR//TRUE COPY//SECTION OFFICER To, '1. The lncome Tax Appellate Tribunal Hyderabad Bench 'B' Hyderabad. 2. The Commissioner of lncome Tax (Appeals)-lV, Hyderabad. 3. The Deputy Commissioner of lncome Tax, Circle-3(3), Hyderabad. 4. One CC to tVlr. J.V. Prasad, Senior Standing Counsel for lncome TaxDepartment Department 5. One CC to Mr. G.V.Ambeswar, Advocate representing MN ADVOCATESloPUClloPUCl 6. Two CD Copies HIGH COUR.T DATED:1UA2li'.025 JUDGMENTlTTA.No.29't o12012 DISMISSIN(3 OFTHE APPEAL c.J>rol'Bw ':'-::1r[lc. ., ] ,\ro^*\,1. ti\r\.I:)i:0? Rpn21r2s : l)i,.l\o.,1,':;l';,r,'a'