Itta/341/2010 Of The Commissionmer Income Tax-Ii v. Kasila Farm Limited

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD IMONDAY, THE NINTH DAY OF OCTOBERTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE LAXMI NARAYANA ALISHETTY INCOME TAX TRIBUNAL APPEAL No: 341 of 2010 lncome Tax Tribunal Appeal Under Section 260-A of the lncome Tax Act, [1961]arising out of the order of the lncome-tax Appellate Tribunal, Hyderabad [Bench ][' ]B'Hyderabad, in LT.A.No.88/Hydl20o1, dated [17-05-2005, ]Assessment Year [1997-98]preferred against the Order of the Commissioner of lncome Tax (Appeals-lll),Hyderabad, Appeal No.679/JCSR 2/ClT(A)lll/99-2000 dated:16-1 ['l-2000, ][preferred]against the Order of the Joint Commissioner of [lncome ][Tax ][(Assts) ][Special ][Range-2,]Hyderabad PAN/GlR No.K-81 dated 27-O1-2000- Between: The Commissioner of lncome Tax-ll, Hyderabad ...Appellant AND Kasila Farm Limited, [present ]FJo.1-8-439, Street No.3, [Lane ][No-'1, ][lndian ]AirlinesColony, Begumpet, Hyderabad. ...Respondent Counsel for the Appellant: SRI A. RAMA KRISHNA [REDDY, SC ][FOR lT]DEPARTMENT Counsel for the Respondent: SRI G.V.N. The Court delivered the following: JUDGMENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYAND THE HONOURABLE SRI JUSTICE LIIXMI NARAYANA ALISHETTY I.T.T.A.No.341 of 2O lO JUDGMENT: pcr I [oL l)!e Sn , rusrrr.e P. S.4lf KOS,ayJ Heard Mr.A. Rama KnshnzL Redd-v, learned StandingCounsel for the income Tax Deparr,ment, for the appellant andMr.G"V.N- Harl, iearned counscl lor thc respondent.2. This apoeal under Section 260A of the income Tax Acr.i96 1, has been prcferred bv the Revenue as the appellantagainst the order dt. 17.05.2005 F,assed by the Income TaxAppellatc Tribunal, Hl,derabaci Eierrcl.r 'B', Hyderabad, inITA.No.B8/ Hydl2OOl for the Assessnrent Year 1997 -98. 3. Learned Senior Standing Corrn sel for the Income TaxDepartment, appearing on behalf ol the appellant, contendedthat the Cer-rtral Boarci of Direct Taxcs (CBDT) has issuedCircular No. 17 of 20i9 clt.O8.0 B.2O',9, amending the previousCircular No.3 of 2018 dt.11.07.2018, by further enhancing themonetary limits lor filing appeal by the lncome Tax Departmentbefore the Income Tax Appellate Tr'bunals, High Courts andSupreme Court as a m easure for reducing litigation. In *--.; paragraph 2 of the said Circular, the monetary iimit fixed forfiling an appeal before the High Court is Rs. l.OO crore. 4. In the instant appeal, the ta-x effect is well below themonetary limit. 5. Therefore, the appeal filed by the Department is dismissedin terms of the aforesaid Circular No. i7 of 2019 dt.08.Oa.2ol9.However, if the appeal comes u,ithin the exception underparagraph 10 of Circular No.3 of 2018, it would be open to theappellant to seek revival of the appeal. No order as to costs. 6. Consequently, miscellaneous petitions pending, if any,sha.ll stand closed. SD/.K.SRINIVASA RAOJOINT REGISTRAR@ //TRUE COPY// SECTION OFFICER To, 1. The lncome{ax [Appellate ][Tribunal, Hyderabad Bench ][' ] [' Hyderabad'] 2. The Commissioner [of ][lncome Tax ][(Appeals-lll)' ][Hyderabad-] 3. The Joint Commissioner [of ][lncome ][Tax ][(Assts) ][Special Range-2, Hyderabad]4 One CC to SRI A RAMA [REDDY' ] [lT ] toPUCl4 One CC to SRI A RAMA [REDDY' ] [lT ] toPUCl 5. One CC to SRI [G.V.N. ][HARI, ][Advocate ] 6. Two CD Copies kam \ {'i I HIGH COURT DATED:0911012023 JUDGMENTITTA.No.341 of 2010 THE APPEAL ISDISMISSED \ \3\[lx] I [ttF- S'rA]7bot':k,-):)0 3 l{ol, 2023it\r. 'r'\.. i. ..'\'. ._^.., -..L1