Itta/309/2006 Of The Commissioner Of Income Tax-Iii, Hyderabad v. State Bank Of Hyderabad, Gunfoundry, Hyderabad

IN THE HIGH COURT.FOR THE STATE AT HYDERABAD WEDNESDAY ,THE TWO THOUSAND AND PRESENT THE HON'BLE THE CHIEF ANDTHE HON'BLE SRI JUSTICE [N.TUKARAMJI] I.T.T.A. NO: 309 OF 2006 Appeal Under Section [260A ][of ][the ][lncome Tax ][Act, ][1961 ][against ][the]order dated 07-04-2005 [in ][ITA No. 16/H/99 ][0n ][the ][file ][of ][the ][lncome ][tax]Appellate Tribunal, [Hyderabad ][Bench ]-8, [Hyderabad ][preferred against ][the]order of the Commissioner [of ][lncome ][Tax ][(Appeal ]) -l , [Hyderabad ][dated ][12']05-1999 in Appeal [No. 2/ Tr/SR-3 ][/ ][CIT (A) ]- [l/98-99 ][preferred against the order]of the Deputy [Commissioner ][of ][lncome Tax (Assts) ][, ][Special Range ][-3,]Hyderabad dated 17-1'l'1997 [in ][PAN / GIR No. S-74] Between: The Commissioner of [lncome ][Tax-lll, ][Hyderabad.] AND State Bank Of Hyderabad , [Gunfoundry, ][Hyderabad.] ...APPELLANT ...RESPONDENT IA NO: 1 OF 2018 Petition under order Vl Rule [17 Read ][with ][section ][151 ][of ][cPC ][praying ][that]in the circumstances stated [in ][the affidavit ][filed ][in ][support of the ][petition, ][the ][High]court may be [pleased permit ][the ][petitioner ][to substitute its ][name ][as ][respondent ][in]the appeil as ["State ]Bank of [lndia ][Gunfoundry Hyderabad" ][by ][amending ][the]cause title accordingly [in ][the ][interest of ][justice] Counsel for the [Appellant:SRl. ][J.V. ][PRASAD SC FOR INCOME TAX DEPT'] Counsel for the [Respondent: ] The Court made [the ][following: ] THE HON'BLE THE CHIEF JUSTICE UJJAL BHI.IYAN ANP THE HON'BLE SRI JUSTICE N.TUKARAMJI I.T.T.A.No.309 of 2006 JUDGMENT: @er [the ][Hon'ble ][the ][Chief ]Jutiw Ujjal Bhuyan) Heard Mr. J.v.Prasad, learned Standing counsel for Income'fax Department appearing for the appellant andMr. IQrthik Ramana Puttamreddy, learned counsel for therespondent. 2. This appeal under Section 260A o[ the Income TaxAct, 1961 (briefly, 'the Act' hereinafter), has been preferred by therevenue as the appellant against the order dated 07.04.2005 passedby the Income Tax Appellate Tribunal, Hyderabad Bench 'B'Flyderabad (fribunal), in I.T.A.No.16/Hyd/1999 for theassessment year 1996-97. 3. Mr. J.v.Prasad, learned Standing counsel fakly submits thattax effect in this appeal is below rhe mon etary limit for filingappeal \ 4. Centrai Board o[ Direct Taxes (CBDT) has [issued" ]CircularNo.17 of 2019, dated 08.08.2019, [amending ][the previous ][Circular]No.3 of 201.8, dated [11.07.2018, ][by ][further ][enhancing the monetary]limits for filing appeals by [the Income ][Tax ][Department before ][the]Income Tax Appellate [Tribunals, ][High ][Courts and ][Supreme ][Court]as a measure for [reducing ][litigation. ][In ][paragtaph ][2 ][of ][the ][said]circular we find that [the ][monetary ][limit ][fixed ][for ][filing an ][appeal]before the High Court [is Rs.1.00 crore.] 5. Therefore, the appeal [filed ][by ][the ][revenue ][is ][dismissed in]tefms of the aforesaid [Circular ][No.17 ][of ][201,9, ][dated ][08'08'2019']if the [appeal ][comes ][within ][the ][exceptiofl ][under]However, paragraph [10 ][of ][circular No.3 ][of ][2018, ][it ][would ][be open ][to ][the]IncomeTaxDepartmenttoseekrevivaloftheappeal. Miscellaneousapplicationspend"ing'rfany'shallstandclosed'However,[there ][shall ][be ][no order ][as ][to ][costs'] '.,-ia?*fH'56,t*'*ilJ(YtSEGTIdN ,,TRUE To,Bench -8, [HYderabad]Tribunal, [HYderabad]HYderabad1. [The][ lncome ][tax ][APPellate]e Tax [(APPeal ) ][-l ][']2. [The ][Comm][issioner of lncom]lncome [Tax (Assts][) ][, ][SPecial ][Range'3 ][']Commissioner [of][[DePutY]] 3.The [[DePutY]]HYderabaoHYderabao4One [to] AD [Advocate IOPUC]]SRI. [J.V. ] Advocate [ PUTTAMREDDY SR\. [KARTH\K ][RA\AANA] 5. [One ] [to] 6. [Two ] [Copies]"$"-"$"- Miscellaneousapplicationspend"ing'rfany'shallstandclosed'However,[there ][shall ][be ][no order ][as ][to ][costs'] '.,-ia?*fH'56,t*'*ilJ(YtSEGTIdN ,,TRUE To,Bench -8, [HYderabad]Tribunal, [HYderabad]HYderabad1. [The][ lncome ][tax ][APPellate]e Tax [(APPeal ) ][-l ][']2. [The ][Comm][issioner of lncom]lncome [Tax (Assts][) ][, ][SPecial ][Range'3 ][']Commissioner [of][[DePutY]] 3.The [[DePutY]]HYderabaoHYderabao4One [to] AD [Advocate IOPUC]]SRI. [J.V. ] Advocate [ PUTTAMREDDY SR\. [KARTH\K ][RA\AANA] 5. [One ] [to] 6. [Two ] [Copies]"$"-"$"- HIGH COURTHCJ & NTRJDATED :04101120231routQ,;lrLLLt-[s]ii!lcEs\y*3140.JUDGMENTITTA.No.309 of 2006DISMISSING THE ITTAWTTHOUT COSTSi!,1r$>3)3\r /{