Itta/343/2019 Of Principal Commissioner Of Income Tax-3 v. M/S.sainath Estates (P) Limited

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYOERABAD TUESDAY, THE SEVENTEENTH DAY OF OCTOBERTWO THOUSAND AND TWENTY THREETWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE A. LAXMI NARAYANA INCOME TAX TRIBUNAL APPEAL No: 343 of 2019 lncome Tax Tribunal Appeal Under Section 260-4 of the lncome Tax Act, 1961arising out of the order of lhe lncome-tax Appellate Tribunal, Hyderabad Bench ' A ,arising out of the order of lhe lncome-tax Appellate Tribunal, Hyderabad Bench ' A ,Hyderabad, in l.T-A.No.12551Hyd12012, dated 11-01-20'lg Assessment year 20OB-09 preferred against the Order of the Commissioner of lncome Tax (Appeals)-|,Hyderabad, ITA No.0667 & 0668/DC|T/CC-2,HydtCff(A)-1t10-j1 dated:20-06-2\12,09 preferred against the Order of the Commissioner of lncome Tax (Appeals)-|,Hyderabad, ITA No.0667 & 0668/DC|T/CC-2,HydtCff(A)-1t10-j1 dated:20-06-2\12,preferred against the Order of the Deputy Commissioner of lncome Tax CentralCircle-2, Hyderabad PAN/GIR No.AAFCSO2 1 1 D dated 3 1 - 1 2-20 1 0.Circle-2, Hyderabad PAN/GIR No.AAFCSO2 1 1 D dated 3 1 - 1 2-20 1 0. Between: Principal Commissioner of lncome Tax-3, 8th Floor, Srgnature Towers, Kondapur,Hyderabad.Hyderabad. ...AppeltanURespondent AND l!:.Sallal! Eglates [(P) ][Limited, ][1-8-333 ][& ][334, ][A-Wane, Begumpet, Hyderabad](PAN ) ...RespondenUAppellant Counsel for the Appellant: SRI B. SAPNA REDDY, SC FOR tT DEPARTMENTCounsel for the Respondent: None AppearedThe Court delivered the following: JUDGMENT THE HON'BLE SRI JUSTICE) P.SAM KOSITYAND THE HON'BLE SRI JUSTICE A. LAXMI NAEAYANA I.T.T.A. No. 343 ol' 2O 19 J!DG!4EN1:0," [t ][t ][[urbte ][S'i,Jr,.sttct ][P.SAM ][K0SHY)] Hcard Ms.B.Sapna Reddr,. Iearned Stalding Counsei appearing forthr aPpcllarr 2. 'l'his appeal under Section 260A of the lncome Ta( Act, 196 l, hasbccrr prcferrcd b1: thc lls1,1111rrr: as the appeliant agair.rst the orderdt.0ll. I2.20 l2 ptrssed bJ. tltc l;rcome Tax Appeliate Tribun:Ll, H_vdcrabadBcrrcir 'A', Hvdcr-abad, in I.'l'.A.No.1255lHyd/2012 tor thc Assc,ssmenL Yezrr2008-oq 3. Central Boar-d of Dircct ['laxes ](CBDT) has issued Circular Nc. i7 of2019 dt-08.08.2o19, amending the prcvious Circuiar No.3 of 2Ol8dt. I 1.07.2018, by further enharrcing the monerary limits for liling appcalsby thc [ncomr: Tzrx Department before the hrcome Tax Appellatc Trtbuna]s,High Courts and Supreme Courr as a measure for reducing litigation. lnparagraph 2 of t hc said Circular. we frnd *rat the monetarv limit fixed forfiling an appeal before thc lligh [(lourt ]is Rs. 1.OO crore. 4. In thc ursl:int appcal, tax clfcct is well below the monetary limir 5. Therefore, the appeal filcd lly the DepeLrtment is dismissed in terms ofthe aforesaid Cir-cular No.17 of 20 l9 dt.08.C,8.2019. However, if thc appealcomcs withir.r tht: cxception undcr paragr-aph 1O of Circular No.3 of 2018, it,-I would be open to the Income Ta-x Departmct.lt to seck revival oI the apPealNo order as to costs. 6. Consequently, miscellaneous petitions pending, if arl , shall stand closed Sd/. C.V. MALLIKARJUNA JOINT REGISTRAR@ //TRUE COPY// SECTION OFFICER To, 1. The lncome{ax [Appellate ][Tribunal, Hyderabad ][Bench'A' ][Hyderabad'] 2. The Commissioner [of lncome Tax ][(Appeals)-|, ][Hyderabad] 3. The Deputy [Commissioner ][of lncome ][Tax ][Central ][Circle-2' ][Hyderabad] 4. One CC to SRI [B. ] [REDDY, ] [lT ] 5. Two CD Two CD CD CoPieskam [.-'\]v 5. Two CD Two CD CD CoPies HIGH COURT DATED:1711012023 JUDGMENT ITTA.No.343 of 2019 THE APPEALIS DISMISSED t\;- [sil][ 4l.r_].(?C0 3 ilov [2[n]),c[li]*0iS r),.; il [.i]