Itta/388/2018 Of Pr.commissioner Of Income Tax-2 v. M/S.gayatri Agro Industrial Power Ltd

IN HIGH COURT FOR THE STATE WEDNESDAY,THE SECOND DAY OF AUGUSTTWO THOUSAND AND TWENTY THREE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE LAXMI NARAYANA ALISHETTY INCOME TAX TRIBUNAL APPEAL NO: 388 OF 2018 (lncome Tax Tribunal Appeal Under Section 260-A of the lncome Tax Act, againstthe order of the lncome Tax Appellate Tribunal, Hyderabad [Bench ' ][A', ][Hyderabad ][in]ITA No.105/HYD12015, lor assessment Year 2003-2004, dated [15.11.2017,]preferred against the Order of the Commissioner of lncome Tax Appeals-V,Hyderabad, Appeal No.022312014-15lDClT, Cir. 9(1/ClT(A)-YlHydl2014-15, [dated]18-11-2014, preferred against the Order of the Deputy Commissioner [of ][lncome Tax]Central Circle 9('l ), Hyderabad.Between: Pr. Commissioner Of lncome Tax-2, Hyderabad ...APPELLANT AND M/s.Gayatri Agro lndustrial Power Ltd., [8-2-34811,Flat ][No. ][102,Flora ][Apartments,]Road No.3,Banjara Hills, Hyderabad 500034 ...RESPONDENT Counsel for the Appellant :Ms. K. MAMATA Counsel for the Respondent : None appeared The Court made the following: THE HO,N'BLE SRI JUSTII]E P.SAM KOSHYAND THE HON'BLE SRI .IUSTICE I\. LAXMI NARAYANA I.T.T.A. No. 388 of 2Ol8 JU]Q9M.t I$ [: ]fir i t 1 [(' ]I t [, [t,, ]rjr,/r.s ri. €, P" s,l], I(osfl v,r Heard l\'ls.K.N{i nata, lcarncct Senior Sti-Lnding Courrsr:l .'rppeanng tordr, appcllant. 2. This appr:ai undc;'Sectiorr 2tlJA r.r[ the Ineon.re T:rx Act I 96l. hasbcun pref'clrc d by th cRr:r,enue as th( appellant ag.atnst the orderdl. 15.' I 2U l l r;assed bvthe lncom!' ['I'ari ]Appellate Tribunal, LlyderabadBcr.crr'A', i'r-it:rabarl, : ll.'l'.A.No 10-ii ilvd/;10 l5 lor the \ssessrrrerr'r Yt:ar20cr3 04 l. Ceutral ljoard ,rl [)rr'(.( t ['l'itxcs ]lCr]l)'-) has rssued (li.r:uiar No l7 of,lOI!i ot.oti 08 2(ji.i. ilrrncliir!, ttrc prc\.iolts Circular No 3 of 20 lu-lt. [i ][i.07.201tj, ][lr), ][6rtrn,-, ][r-nh:incing ]thc [n1,)nctart ]liraits f<.r, lihng er1:pea1sLr-y th(r Incomc 1'ar- I)cp;trrmcnt Lrctbre thc Itrcome'Iax Appellate Tribunals,Hlgh Cor-rrts iir.r'1 .iur-.r r'irrc Courr a.; a rrc<lsllrc for reducirrg litigation. I:r;rar agraph 2 of [Lhr. ]s:iirl [(lirr.r,rla:, ]rrve finrl tlrat thc monerar\/ Iimit hxed krrliling au appr:al bcfci-,-'titc ltigh [(lourt ]is Rs. i.OC crrrrt: .i Ir, the isstant irppe:,I. tar r:ffect is rvcll [-relow ]the monetan' [mit5. 'Ihelt';crrc, i.i'r1- appcal illerl lrt thc l)til):r-'tlrte r.1t ts rjrsnri..:sr:rl ln rr:,nrs 9it.lrc alor cscutl [(-'ircular ]',1o. l7 o1 :20 lg CL.L\8.01J.20 I9. liowc.vcr'. if rlt( appcalcr;mes within l.trc.:rccp,-i,.,u undcr ltarag, i:ith i0 oi Circular ]\lo.l] of :Oi6. it would be open to the Income Tax Departmcnt [to ][seek ][revivztl ][o[ ][the ][appeal]No order as to costs 6. Consequently, miscellaneous [petitiorls ][pending, ]if [any, shall ][stand]closed. Sd/. C.V. MALLIKARJUNA JOINT REGISTRAR //TRUE COPY// n\tSECTION OFFICER To, 1. The lncome Tax Appellate [Tribunal, Hyderabad ][Bench ][' ] [',]Hyderabad.Hyderabad. z. The Commissioner of lncome [Tax ][Appeals-V, ][Hyderabad.] 3. The Deputy Commissioner [of ][lncome ][Tax ][Central ][Circle 9(1)']Hyderabad.Hyderabad.4. One CC to SRl. K. MAMATA [CHOUDARY, Advocate ] 5. Two CD Copies5. Two CD Copies DL HIGH COURT DATED:0210812023 JUDGMENTlTTA.No.388 of 2018 DISMISSING THE APPEAL \o\?-7Ib $".H :r.l1t s14(o,,s($(o3 1 [li23]-'?-,. ^r.., [j]