Itta/58/2001 Of The Commi.of Income Tax,Hyd v. Jaihind Cycle Comp.hyd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE NINTH DAY OF AUGUSTTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE LAXMI NARAYANA ALISHETTY INCOME TAX TRIBUNAL APPEAL No: 58 of 2001 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act,1961 arising out of the order of the lncome Tax Appellate Tribunal, HyderabadBench 'A'Hyderabad, in lT (SS) A.No.84/HYD/'1998, for Assessment year 1993-94to 1997-98 dated:'19-06-2000, preferred against the Order of the AssistantCommissioner of lncome Tax, Circle -6(4), Hyderabad, P.A.N / G.l_R No. J-3O4,dated 28-11-97. Between: Commissioner of lncome Tax, A.P. -1, Hyderabad AND M/s Jaihind Cycle Company, Siddiambar Bazar, Hyderabad. ...Petitioner ... Responde nt Counsel for the Appellant: SRI J.V.PRASAD Counsel for the Respondent: SRI S. RAVI, Senior Counsel for SRI CH.PUSHYAM KIRAN The Court delivered the foltowing: JUDGMENT It THE TION'BLE SRI JUSTICE P.SAM KOSITT AND THE HON'BLE SRT JUSTICE LAXMI NARAYANA ALISHETTY I. T.T.A No.58 of 2001 JUDGMENI:rD,-: t tbti ))1,. ::)t,ttt.:,., p.sAM KOsHy) This r.ourt hit-s lirkcn trl; rhis lr.rtter under thc caption ,for berngrne.tro'ecl .s tl.rc rcmlrrtrl ol tirc. mirttcr by thc SLrpremc Court,Jas notrecordcd ir-r our carlrcr orcl(,r (lirte(i 09 0g.2023. Therclore, order passed bythis Court on 09.08.202:l in Ll)e prcsent appcal is reca_lled ancl the foliowingorclcr is ltcing prtssc cl rleard Sri ..t !. I;1.n5,,.1lcar nccl Senior Stancling Counsel appcaringfor the appcilant. 2 k thc Outs('t' rr !s to r)c 1r'i)Lc(l tr.rat this appi:al was alowcd in parr bythrs Corrrr vrcit. judgt.ncnt darcd tf).O7.2014. Aggrrcvecl by the said judgmcnr,the rcspondcnl approrrchcd thc llon,ble Supreme Court b]. filing Civil AppealNo. 10235 of 20l6 ar-ising our ol Special kave petition (C) No.31gg of 2015.Therc'upon, thr: I.lonble Suprt:nre Cortrt set aside the judgment dated16.O7.2O).4 arrl rernrurdt,d tltr- p211.; to this Court vide order dated21.1O.2O16 lor de novo corrsrclcr;rtiotr. 3. This appcal unclcr Scctron 26O4 ol thc Incomc .l.ax Act,i961, hasbeen preferrcd by thc Rcvenrrt. as thc appcllant againstthe orderdt.19.06.2000 Passed l;r. thc hrcornc f.iu .l.ribunal.Appellate HyderabadBench 'A', I,yderab:rci. rn L.l.(SS)i\.No,g a lHyc)/l99g tbr the Assessmcnr year1993-94 ro I997 9r3 I 4. 'l-odar., rihCr.t thc nlatter ls ialiclt itI for i-cat- ng. Ie, nt.cl Sciriorst.and.ing courrsci ;tppeeu ir.rg tbr trrc Deprr-tnrent sur)rnits that r,ire cclrlr.rllloard ol Dircct Ta.les (CRDT) has; is;sut:d Crrcular No. l7 of .10 I 9dt.08.08.20 !9, amcnding rhe prcr,.ious Circuiar No.3 ot20lg.jt.l1.O7.2(r18,bv f11g1,.r. cnhancirrg the mc.rretarv limits for liring appeals bv thc Ir.rc.rreTax Deparrmcnt before the Incorre Tax Appciiare Tribunals, I{igh Cour tsand Sultrcme Oorrrt as a measure ibr reducing the littgation. tn par-ag-aph 2of thc said Cirr:rrlirr, rve find th:rt the morlcta4, Iimit fixed for filing an appcalbctore tlte I Iigh t)ou: t is Rs. i.OO crrrrc. 5. In the ilrstant appeal. tax effect is wcll bekru; Lhc rnonetan. Iinrit 6. Thercfore. thc appeal filed by the Depaltmen'. is dismissed in Lerms o[the aforcsaid (.ir.ular N.. r7 .f 20 i!j dr.08.ou.20 19 However. ir the aJrpcidcoqr<--s rrirhin thc cxception rrrrdcr paragraph lo .f circular No.ll ot 20 tE. rrrvould be opcn to rhe Inconre T.u( Department to seek revival of the appeal.No oldcr as to r-rosls. Consequcntly, mrscellaleous petitlons pending. if zrry. shaJl stzrrrlclosed Sd/.M.VIJAYA JOINT-R,EGISTRARsecnLffiorrrcen ,TRUE COPY// To, '1 . The lncome Tax Appellate Tribunal' [Hyderabad ][Bench ]['A' ][Hyderabad] 2. The Assistant [Commissioner of lncome Tax' Circle ][-6(4)' ][Hyderabad'] 3. One CC to [J.V.PRASAD, Advocate ][ ] 4. One CC [to ] [CH. ] [KIRAN, ][Advocate ] 5. Two CD [CoPies] katn \ -|-.' 6. Thercfore. thc appeal filed by the Depaltmen'. is dismissed in Lerms o[the aforcsaid (.ir.ular N.. r7 .f 20 i!j dr.08.ou.20 19 However. ir the aJrpcidcoqr<--s rrirhin thc cxception rrrrdcr paragraph lo .f circular No.ll ot 20 tE. rrrvould be opcn to rhe Inconre T.u( Department to seek revival of the appeal.No oldcr as to r-rosls. Consequcntly, mrscellaleous petitlons pending. if zrry. shaJl stzrrrlclosed Sd/.M.VIJAYA JOINT-R,EGISTRARsecnLffiorrrcen ,TRUE COPY// To, '1 . The lncome Tax Appellate Tribunal' [Hyderabad ][Bench ]['A' ][Hyderabad] 2. The Assistant [Commissioner of lncome Tax' Circle ][-6(4)' ][Hyderabad'] 3. One CC to [J.V.PRASAD, Advocate ][ ] 4. One CC [to ] [CH. ] [KIRAN, ][Advocate ] 5. Two CD [CoPies] katn \ -|-.' HIGH COURT PSK,J & [LNA,J] DATED:0910812023 JUDGMENT lTTA.No.58 [of ][2001] ITTA IS DISMISSED , SiAfF oF/Xj)?5 [?M]1)., )\. [.i-]..1..,/'\:\i-.r'. b)-)5