Itta/544/2006 Of The Commissioner Of Income-Tax-Iii v. M/S. Sjk Steel Corporation Ltd

,|!f i,tr.;.ft li*i,5r,iit;FT' i"'t: t:, - [(.+]''# t [3386I] IN THE HIGH COURT FOR THE STATE OF TELANGANAI,. AT HYDERABADi:{ilWEDNESDAY, THE SECOND DAY OF AUGUST,:TWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA iI INCOME TAX TRIBUNAL APPEAL No: 544 OF 2006 ,[;fIi'$+'titi:lfIitt-l'i it , tncome'iii ftUurlstrRppeat Under Section 260A of the tncome Tax Act, [.tg61]i :-' i-l [.],'it , arising out of:the oidei of the lncome-tax Appellate Tribunal, Hyderabad Bench , B ,a-r ;lll! itl [Hyderabadfin ] [No.29lHyd/2001, for assessment ][Year 1996-97 ][dated ][28-02-2005]i . .,{t', .1$t f [prefened ],.. adeinst -.. [tthe ].. ilOrder of the Commissioner of lncome Tax , (Appeals)-V,* (Cenkal),,Hyderabad,iAppeal No. 1893 & 1B94/DC,CC-i/CtT(A)V,(cent)/1999-20001' dated:23-10-2000,{ preferred against the Order of the Deputy Commissioner of, ,: I'lncome Tax Central Circle:1 , Hyderabad PAN/GIR No.S-10 dated 3 1 -3-99.. ir..,, , ,i,, Between: The Commissioner of lncome-Tax-lll, Hyderabad rffi{r ...APPELLANT ANDiErffi{r. [M/S, ][SJK,Steel Corporation ][Ltd, ][Plot ][No.75, ] [& MP Colony, ][Road ][No. 10-C,]I [Jubilee ][Hills, ][Hlderabad - ][33.]j : :,ift'+f rffi'fl ti ...RESPoNDENT: +: i-rt i:l t{..i .! *.r..,r J ,'iii#,r -l*'1corinidtfoiitheAppellant: SRI J.V. PRASAD, rep SRI B. NARASTMHA SHARMA:,+ ; [J...*ffi:{.F$f,'f [il]t- tli.., Counsel for-the Respondent: SRI A.V. KRISHNA KAUNDINYA The Court delivered the following: JUDGMENT f1t., - lrl--iil*tr-, I.I t. j':}':', :-';.' .,R ,] ,{I' HON'BLE SRI JUSTICE P.SAM KOSTN' AND THE T()N'BLE SRI JUSTICE A. LAXMI NA-R.A T,IINA I.T.T.A. No. 544 of 2006 JUDGMENT:It)(,1 ot bl. Sn.ht.-tae P.SAI/I KOSHY) llciud S,rr L,'.I)raszrd, learned Scnior Standin{ Courrs,:l appearing forthc appcilant. 2 l hrs apJrr I urrder Scction 2504 of thc Income ['l'e ]x ,A.c . 196 I , hasbecr-r pr clcrr t:cl b, the Rc',,cr-tuc as the appellirnt ,iilil nsr the or-derdt 28.0.1..2005 1; sr;crl bv tltc h-rcome Tax Appellarc ['D'il,u.ral ]I{vclerabadBt)r.ich il . Hl,dr alrarl, in L'f . A. N o.:29,/Hydl2OOl fcr thr: r\ jserisrnent YearI99 ir 97 3. Cl,'rrtral li a: d of Dirt cL Tztxes TCBDT) has is,suec llLrcular No 17 of20 l9 dL 08.013. I 9, amcnding rhe preYious Circul.e No 3 of 2018dt.I 1.07.2(l 18 I [, ]ur ther cr han<:ing thc monetary Iimits i, ,r frling appcalsby the Inccmc ['T ]:. DepaJtm()nt bclore the Income 'l'ax App, Ilate Tribunals,Higl'r Courls rur :;ul)reme [(jourt ]as a measure fo' rt:duci.rg litigation. Inpar;rgraph 2,tf tc s;{d Cirr:ular. rre find that the monoter.t 1im:t Iixed forhling atr appeal I :lrtrt the Hi.gh Court is Rs. 1.00 crorc. 4ln thc ins u-t:rppcal. lax effcctrs well below tte mott:tzu.. Iimit 5. Therefo:t' tle rrppeal liled by the Department is di,srnr ssel in terms ofthe aforcsaid tli ;ulal No. l / of 2019 dt.O8.08.2019 Horv,:vrlr, I the appealconres u'ilhin rh [(iKC,jption ]rrndcl paragraph 10 of [(lircukr- ]No.3 of 2018, ir would be opcn to the Income Tax Department to [scck ][revival ][of ][lhe ][appeal]No order as to costs 6. Consequently, miscellaneous [petitions ][pending, ]if [any, shall ][stand]closcd- s./-B.t.f [r5a,t+E.E^vJ//TRUE secrril.ritilircen ',,/ l{ITo, ' [i,"].l, - r f l ii..r,,1{l } r.t [1. ]lThe [lncome-tax'Appellate Tribunal' ][Hyderabad ][Bench'B ][' Hyderabad ][']t"t$ '^ :lt .n il,"! [,,]I i ,. [irr; ][*'.miisioner ][of ][lncome ][Tax ][' (Appeals)-V' ][(central)' ][Hvderabad]i*t h, i 3. ,th" Dbputy.Corhmissioner [of lncome Tax ][Central ][Circle-1 ][' ][Hyderabad]lr} :' E.-,1.. [rs]nt,' I . [j*'i'*o*srMHA ][SHARMA' ][Advocate ][[oPuc]]L;;at t,f-.trst{_::! [.*.r]' [[ ][| ][,d"B'S ][to ][SnrieL'v' ][PRAsAD' ][Advocate ][[oPUCl]' t I[l ]['l]' : ;. ;;; da to sRl A'v' KRT.HNA KAUNDINYA' [Advocate ][I.PUCI]It7. .Two [Co6iesj ][:]\IkamL, rr,i:!:iat{t,tqIi.t,Iii:,6i,Il;.[,.iItli [i]\ I iHIGH COURTJl:tIit'IDATEDi02l08l '023l't [i] iv& s./-B.t.f [r5a,t+E.E^vJ//TRUE secrril.ritilircen ',,/ l{ITo, ' [i,"].l, - r f l ii..r,,1{l } r.t [1. ]lThe [lncome-tax'Appellate Tribunal' ][Hyderabad ][Bench'B ][' Hyderabad ][']t"t$ '^ :lt .n il,"! [,,]I i ,. [irr; ][*'.miisioner ][of ][lncome ][Tax ][' (Appeals)-V' ][(central)' ][Hvderabad]i*t h, i 3. ,th" Dbputy.Corhmissioner [of lncome Tax ][Central ][Circle-1 ][' ][Hyderabad]lr} :' E.-,1.. [rs]nt,' I . [j*'i'*o*srMHA ][SHARMA' ][Advocate ][[oPuc]]L;;at t,f-.trst{_::! [.*.r]' [[ ][| ][,d"B'S ][to ][SnrieL'v' ][PRAsAD' ][Advocate ][[oPUCl]' t I[l ]['l]' : ;. ;;; da to sRl A'v' KRT.HNA KAUNDINYA' [Advocate ][I.PUCI]It7. .Two [Co6iesj ][:]\IkamL, rr,i:!:iat{t,tqIi.t,Iii:,6i,Il;.[,.iItli [i]\ I iHIGH COURTJl:tIit'IDATEDi02l08l '023l't [i] iv& ntt.. .5i.iIIttt ['t]:,3;!I!$. iUGMEN:+.{c f 2006-:\It,,: ii'',t"1..HEdAqBEAL rSDISMISSED i4r:.s'i 'l::t;-: [t::ii,]II i-{i#:a4qi) ,,'k\-?l-3:',1)\.L, I$i-.itiFr