Itta/389/2018 Of Pr. Commissioner Of Income Tax-2 v. M/S Gayatri Agro Industrial Power Ltd

IN HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAO WEDNESDAY,THE SECOND DAY OF AUGUSTTWO THOUSAND AND TWENTY THREE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYAND THE HONOURABLE SRI JUSTICE LAXMI NARAYANA ALISHETTY PEAL NO: 389 0F 2018 INCOME TAX TRIBUNAL (lncome Tax Tribunal.Appeal Under Section 260-4 of the lncome Tax Act, againstthe order of the lncome Tax Appellate Tribunal, Hyderabad Bench 'A', Hyderabad inITA No.014/HYD 12015, for assessment Yeat 2002-2003 dated15.11 .2017 [preferred']against the Order of the Commissioner of lncome Tax Appeals-V, Hyderabad, ITA-No. 0224IDCIT Cir. 2(3)/C|T(A)-V|2O14-15, dated 18-1 1-2014, [preferred ]against theOrder of the Deputy Commissioner of lncome tax Circle 9(1), Hyderabad, PAN/GIRNo. dated 1 9-1 2-2008. )the order of the lncome Tax Appellate Tribunal, Hyderabad Bench 'A', Hyderabad inITA No.014/HYD 12015, for assessment Yeat 2002-2003 dated15.11 .2017 [preferred']against the Order of the Commissioner of lncome Tax Appeals-V, Hyderabad, ITA-No. 0224IDCIT Cir. 2(3)/C|T(A)-V|2O14-15, dated 18-1 1-2014, [preferred ]against theOrder of the Deputy Commissioner of lncome tax Circle 9(1), Hyderabad, PAN/GIRNo. dated 1 9-1 2-2008. ) Between: Pr. Commissioner of lncome Tax-2, Hyderabad. ...APPELLANT AND M/s. Gayatri Agro lndustrral 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 HON'BLE SRI JUSTICE P.SAM KOSTTYAND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA I.T.T.A. No. 389 of 2018 JUDGMENT @ [t ]lrott [ltL:' ][Sri I ]:trrr-P.SAltI KOSHY) lleard Nls.l(.Marnata. lcarncd Senror Stirndir.rg Counsel appearing forthe appellarlt. 2. This app<'al under Section 260,4 of thc lncome Ta-x Act, 1961, hasbeen preferrccl b-1, 11'r" Rcvcnue as thc appellant against the orderclt.t5.l1.2017 passcd b\ thc [ncome T;r-x Appellate Triburral. Hyderabadllcnch ['A'. ]['rly<lcrabzrd. ]in [.'I'.A.No.',04 ltlt'dl'.lO l5 for the Assessment Yetrri002-.01i. :1. Central lloirrcl ol llrrr cl ['t,,r:L:s ]lCIlt)T) Iras issued [(lircular ]No. l'z [r,,l]'20 I9 dt.08.Ud 20 19, anncnding tl'rc prevrous Circular No.3 oi 2rl l8dt.l 1.07.2018, bl furrher enheLrrcing the monetary limits lor filing appee sby the Incom.c ['I'ar ]Dep:rr tnl('nt l)ofore the lncome Tax Appellate Tribunals,I-iigh Conrts anrl Srrprr^rLc Cour t as a rneasurc for reducrng litigation ir-rpai:agraph 2 ol thc sard Crr('ular, wc fincl that the monctary limit fixed ibrfiling an appcal beforc- thc- tligh Court rs Rs. I .00 crorc. 4. In thc irrsir.rnt a1rplal. ttrx r:fir:ct is [,,r,t'll ]bclow the monr:tary limit 5. l'hcreiorr'. tlrc arp-'Pcrrl lrlcrl lr-r rhe l)cparument is drsmissed in tcrnrs ofthc aforesard [(lircular ]No. l7 ol 20 19 dt.08.08.2019. Horver.'er, if thc appcalcorlcs ll,.ilthin tll(' e):ccptron rrnrLcr paragraph lO of Circular No.3 of 2018, it \ would be open [to the ][Income ][Ta\ ][Dcpzrrlmetlt ][to ][seel< ][revl'al ][of ][the ][appeal]No order as to [costs] 6Conseqttcntly, [miscellaneous ][petitions pending, ][if ][any, ][shall ][stand] closed "^5tffi1i&SR//TRUE SECTION To,1The lncome [Tax Appellate ][Tribunal' ][Hyderabad Bench ]['A ]"Hyderabad1The lncome [Tax Appellate ][Tribunal' ][Hyderabad Bench ]['A ]"Hyderabad2.The Commissioner [of ][lncome Tax ][Appeals-V' ][Hyderabad]The Deputy [Commissioner ][of ][lncome ][tax ][Circle ][9(1)' ][Hyderabad]The Deputy [Commissioner ][of ][lncome ][tax ][Circle ][9(1)' ][Hyderabad] 4One CC [to ][Ms ] [MAMATA' Advocate ][ ] ETwo CD [CoPies] DL NJB L HIGH COURTDATED:0210812023 JUDGMENTlTTA.No.389 of 20181\[r? ][sTATc]okIo2 B [2UI3]r)! r - '-.., '^''' DISMISSING THE APPEAL,)@ceP'23