Itta/303/2015 Of The Commissioner Of Income Tax (Central) v. Sms Pharmaceuticals Ltd

IN THE HIGH COURT FOR-THE STATE OF TELANGANAAT HYDERABAD M9I!?TY. THE SEVENTH DAY OF APRILTWO THOUSAND AND TWENW FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYrHE H.N,BLE "*, [rrrr,"l[l*",ro ][RAo ][NANDTK.NDA] lNcoME TAX TRIBU NAL APPEAL No: 303 of2015 Appear under section 2604 of the rncome Tax Act, 1961 against the orderof the rncome Tax Appe'ate Tribunar, Hyderabad Bench-', Hyderabad, for theAssessment yeat 2OO4_OS dated 26_02_2014 in l.T.A.No. 1145 of 2OOB. Between: The Commissioner of lncome Tax (Central), Hyderabad. ...Appellant AND HyderabadMis. SMSPharmaceuticals Ltd. 4.1 7, Neelgiri Aditya Enclave, Ameerpet, ...Respondent counser for the Appeilant: Ms. B. sapna Reddy, (sc FoR rNcoME TAx)Counsel forthe Respondent: Sri y. RatnakarThe Court delivered the following: JUDGMENT BLESRITICEP.SAM KOS THE [H']ANDJT'STICE NGN[ [,BLE ][S] ][[,BLE ][S] ][[S] ][ ]No.30o.30[[3()F]][ 207g]TRIB INco[ME,'I A)(] THE H[ [,BLE ][S] ][[,BLE ][S] ][[S] ][ ] No.30o.30[[3()F]][ 207g] G)et [)n ][\')11 ][Sn ][Justice ] ['So:m ][Kosh,)] Heard [Ms.Ei. ][SizrPna ][ReddY'][ learned Standing Counsel ][for ][Income]Tax, [appearing ][on behalf ][of ][the appellant'] The instant instant [[ra'ppeal ][under ]][[under ]][Sectio ][n ][260A ][of the ][lncorr:re ][Tax ][Act'] 2. The instant instant [[ra'ppeal ][under ]][[under ]][[lncorr:re ]]1961, [has ][beerr preferred ][by the ][Revenue ][as ][the ][appellant against ][the]order [dated ][2et ]['()it"'|')'t)14 ][passed ][by ][the ][Income ][Tax ][Appellate ][Tribunal']Hyderabad ['B'' ][llerr<:h' ][Hyderabad' ][in ][l'T'A'No'1i'45IHyd'l'2OO7 for ][the]Assessment [Yr:ar'2C'04-5'] Central [Board of ][Direct ][Taxes ][(CBDT) ][has ][issuerl ][Cir':ular ][No'9 ][of] 3. Central the [previous ][Circular ][No'5 of ][2024]2024 [dated ][17 ]['Ot) ]")024'amending dated [15.03. ][2a2'l' ][by further ][enhancing ][the ][monetary ][lirnits ][for ][filing]appeals [by ][tLLe ][lncome ][Tax ][Department ][before ][the ][Income ][Tax]Appellate [Tri'llr'tnals, ][High ][Courts ][arrd ][Supreme ][Court ][as ][il measure ][for]reducing [litigati<t:r ][' ][In ][paragraph ][2 ][of ][ttre ][said ][Circular ][we ][frnd ][that]the monetarr [tirnit ][hxed ][for ][filing ][an ][appeal before ][rhe ][High ][Court ][is]Rs.2.O0 [crorr:.] 4' In the instant appeal, tax effect is well berow the monetaSr rimit. 5' 5' Therefore' the appeal frled by the Revenue is dismissed in termsof tlre aforesaid Circtrlar No.9 of 2024 dated l..Og.2o24.However, ifthe appeal comes within the exception of circular No.5 of 2024, itwould be open to the Income Tax Department to seek revival of theappeal. No costs. 6As a sequel, miscellaneous applications pending if aly, shallstand closed.stand closed. K.SRINIVASA RAOJOINT REGISTRAR //TRUE COPY// ECTION OFFICER To,1 The lncome Tax Appellate Tribunal, Hyderabad B2. One CC to Ms. B. Sapna Reddy, (SC FbR TNCOM3. One CC to Sri [y. ]Ratnakar, Advocate tOpUCI4. Two CD CopiesKam/MAH ch-B, HyderabadE TAX) (r HIGH COURT DATED:07l04l'2'025 JUDGMENTlTTA.No.303 [of ][2015] DISMISSING THE APPEAI..Ya'/6[>'] /-- = [':- ][-::-'\]I.,. l'-'i " ::.. [: -';ir14'\.]vA i\./iP (')l11;? [? ] [?025]t\,t"i..:l'\.-'r\-.,;/