Itta/301/2007 Of Commissioner Of Income Tax-Iii, Hyderabad v. M/S Vijai Electricals Limited

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD 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 LAXMI NARAYANA ALISHETW INCOME TAX TRIBUNAL APPEAL No: 301 OF 2007 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act,1961 arising out of the order of the lncome Tax Appellate Tribunal, HyderabadBench ['A', ]Hyderabad in ITA No.34'1lHyd/1999, Assessment Year: 1995-96, datedBench ['A', ]Hyderabad in ITA No.34'1lHyd/1999, Assessment Year: 1995-96, dated11-07 -2003 preferred against the Order of the Commissioner of lncome Tax,(Appeals)-3, Hyderabad, Appeal No.383/DC SR-1/CIT4-3/98 99,dated:25-02-1999preferred against the Order of the Deputy Commissioner of lncome Tax, (Assts)Special Range-|, Hyderabad, PAN/GlR No.V-4, daled 29-12-1997.Special Range-|, Hyderabad, PAN/GlR No.V-4, daled 29-12-1997. Between: Commissioner of lncome Tax-lll, Hyderabad. ...APPELLANT AND M/s Vijai Electricals Limited, Plot No. 28, lDA, Balanagar, Hyderabad. ...RESPONDENT Counsel for the Appellant: SRI S.R. ASHOK, SC FOR INCOME TAXCounsel for the Respondent: SRI A.V.R.SIVA KARTIKEYA The Court delivered the following: JUDGMENT TH )I{ON'BLE SRI JUSTICE P.SAM BOSHI- AND THE HON'E .E SRI JUSTICE LAXMI NARAYANA AL] S){E!]TY I.T.T.A. No.3Ol of 2OO7 JUDGMENT:f ,et ,Jo '1, t,.(riJrr-slice P. SAIyI KOS-&Y/ Heard Sri S R. Ashok, learned counsei for :'ie irppellantand Sri A.!'.li Siva Kartil<e),a, learned c()urrs l1 for theresponden t 2. This :Lp1:e; I ur-rder Section 2604 of the Irtr:o''re T:x Act,I 96 1 . has br:er oreferred bl the Revenue as t tro .rppellantagainst the orc ::. <1t.1 1.07.2003 passed by tlrt: 1 [-rcome ]TaxAppellate l'ribt riJ, Hyderabacl Bench 'B'. [i1rl,:rabad,1nITA.No.3.1 I / Hf d I 9!)9 for the erssessment year 199r;- L9!)6.3. Cer-rtral Elc .rl of Direct ['l'a-xes ](CBDT) hirs is;s r.r :d CircularNo.l7 of 2C19 ( t 1t,.08.20 19, amending the pre,rio.rs CircularNo.3 of 2018 dt. 1.07.2018, bl further enhan,,.ing 1hr nronetarl,limits for filirrg a peals by the Income Tax Deprrrtnr€r) - b()fore theIncome Tax Ap e late Tribunals, High Cour ts i11,1 S;uprcrneCourt as a nleeLs r I lbr reducing litlgation. ln ;,;1129 -.- ph 2 of thesaid Circr-rlzrr., r\'( 1 r-rrl that thc monetary, limit fixe,d 1,rr lling anappeal belirr-, tl're Iiigh Cour( is Rs.1.00 crore II 4In the instant appeal, tax effect is weli below the monetarylimit. 5. Therefore, the appeal filed by the Department is dismissedin terms of the a-foresaid Circular No.17 of 2019 dt.08.08.2019.However, if the appeal comes within the exception underparagraph 10 of Circular No.3 of 20 18, it would bc open to theIncome Tax Department to seek revival of the appeal. No orderas to costs. 6. Consequently, miscellaleous petitions pending, if any,shall stard closed. Sd/.K.SRINIVASA RAOJOINT REGISTRARg)-"--SECTION OFFICER //TRUE COPY// To, 1The lncome Tax Appellate Tribunal, Hyderabad [Bench ]['A', ][Hyderabad]2The Commissioner of lncome Tax , [(Appeals)-3, ][Hyderabad.] , The Deputy Commissioner of [lncome Tax, (Assts) Special ][Range-|,] 3 Hyderabad.One CC to SRI S.R. ASHOK , One CC to SRI A.V.R. SIVA KARTIKEYA, [Advocate ] Two CD Copies 4 5 6 kam HIGH COUR- DATED:09101 12023 r':.L'' }i,ss;;\-Ic>.' [r. ]-//, '1. -/.-/.,, ;/JUDGMENTITTA.No.301 tf 2007 ITTA IS DISI\ ISSED \.t)z-:):.\