Itta/573/2006 Of Director Of Income Tax [Exemptions] v. Exhibition Society

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE NINTH DAY OF OCTOBERTWO THOUSAND AND TWENW THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE LAXMI NARAYANA ALISHETTY INCOME TAX TRIBUNAL APPEAL No: 573 of2006 lncome Tax Tribunal Appeal Under Section 260-4 of the lncome Tax Act, 1961arising out of the order of the lncome{ax Appellate Tribunal, Hyderabad Bench'A'Hyderabad, in |.T.A.No.871/HYD/2001, dated 31-03-2005, Assessment Yeat 2OO1-02 preferred against the Order of the Commissioner of lncome Tax (Appealsll,Hyderabad, ITA No.0022/ADIT (E)-UCIT(A)/04-05 dated:2O-O7-2OO4, preferredagainst the Order of the Assistant Director of lncome Tax [(Exernptions)-1, ]HyderabadGIR No.E-3/ADIT (E)-1,Hyd , dated 26-03-2004Between: Director of lncome Tax [(Exemptions), ]A.P. Olympic Bhavan, lnside L.B. Stadium,Basheerbagh, Hyderabad. ...APPELLANT AND Exhibition Society, Exhibition Grounds, Mukramjahi Road, Hyderabad. ...RESPONDENT Counsel for the Appellant: SRI A. RADHA KRISHNA Sr SC For lT DEPT Gounsel for the Respondent: SRI C.P. RAMASWAMI The Court delivered the following: JUDGMENT THE HOT{OURABLE SRI JUSTICE P.SAM KOSI{YAND THE HONOT'RABLE SRI WSTICE IIIXMI NARAYANA ALISHETTYI.T.T.A.No.573 of 2O06 JIIDGMENT:Ir er Hon'ble Si itstice P.SAD KOSHY) Heard Mr. A. Radha Krishna, learned Senior StandingCounsel for the Income Tax Department, for the appellant andMr. C.P. Ramaswami, learned counsel for the respondent.2. This appeal under Section 2604 of the lncome Tax Act,196 1, has been preferred by the Revenue as the appellantagainst the order dt.31.03.2005 passed by the Income TaxAppellate Tribunal, Hyderabad Bench 'A', Hyderabad, inlTA.No.87 I assessmenr vea:. 2OOt 02./Hyd/2OO4 for the 3. Learned Senior Standing Counsel for the appellantcontended that the Central Board of Direct Taxes (CBDT) hasissued Circular No.17 of 2019 dr.O8.O8.2Ot9, amending theprevious Circular No.3 of 2018 dt. It.O'/.2018, by furtherenhancing the monetar5r limits for filing appeal by the IncomeTax Department before the Income Tax Appellate Tribunals,High Courts and Supreme Court as a measu re for reducinglitigation. In paragraph 2 of the said Circular, the rnonetary limit frxed [for hling an ][appeal before ][the High ][Court is ][Rs'1'OO]crore. 4. In the [instant ][appeal, ][the ][tax ][effect ][is ][well ][below ][the]monetarY limit. 5. Therefore, [the ][appeal frled ][by ][the Department ][is ][dismissed]in terms of [the ][aforesaid ][Circular ][No ][17 ][of ][2019 dt'08'Oa'2019']if [the ][appeal ][comes ][within ][the ][exception ][under]However, paragraph [1O ][of Circular ][No'3 ][of 2018' ][it ][would be ][open ][to ][the]IncomeTaxDepartmenttoseekrevivaloftheappeal.Noorderas to costs. 6. Consequently, [miscellaneous ][petitions pending' ][if ][any']shall stand [closed] SD/JK.SRINIVASA JOINT REGISTRAR//TRUE [COPY/i]SECTIOFFICER to'1. ,rr" ln@me-tax [Appellate ][Tribunal' ][Hyderabad Bench ][' ] [' ][Hyderabad'][[Hvderabad']][[Hvderabad']] ,. il;;;;i"sioner'of [lncome Tax ][Tax ][(Appeals)-l' ][(Exemptrons)-l' ][[Hvderabad']] [Hyderabad']3. The The [[Assistant ]][[Oi'"cto' ]][[oi ]][[f ][n"ome ]][[n"ome ]][ [FoR ][lr ]][[FoR ][lr ]][[lr ]] [ [FoR ][lr ]][[FoR ][lr ]][[lr ]] 3. The The [[Assistant ]][[Oi'"cto' ]][[oi ]][[f ][n"ome ]][[n"ome ]]4. one [CC to ][sRl ][A' ][nno"nn ][xirsnuA''senioi ][ [FoR ][lr ]][[FoR ][lr ]][[lr ]] toPUCI4. one [CC to ][sRl ][A' ][nno"nn ][xirsnuA''senioi ][ [FoR ][lr ]][[FoR ][lr ]][[lr ]] toPUCIs. bl"tt [to SRI ][c.P ][RAMASWAMI' ][Advocate ][[oPUC]] 6. Two [CoPies] kam ,?l"rc*, HIGH COURT DATED:0911012023 JUDGMENT ITTA.No.573 of 2006 THE APPEALIS DISMISSED P/'1q,3t\ro\13' E([Ir.T ] )'({C)it$tr.:a'i):)\t [\\\]+,'.)\ \ [.,.]['ll]4,n-'\: