Itta/60/2008 Of Commissioner Of Income Tax-Iii v. M/S. Virchow Laboratories Limited

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD SATURDAY, THE NINETEENTH 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: 60 OF 2008 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 ' B' Hyderabad, in ITA No.476/Hyd/2002 for Assessment Year 1397-98dated:14-08-2003, preferred against the Order of the Commissioner of lncome Tax ,(Appeals) lV, Hyderabad, Appeal No.306/JCS R-5/ClT(A)lV/0 1 -02,dated :1 4-03-2OO2,preferred against the Order of the Joint Commissioner of lncome Tax, (Assts.),Special Range-S, Hyderabad GIR No.V-24lSR.5/97-98 dated:28-12-1 999. Between: Commissioner of lncome Tax-lll, Hyderabad ...APPELLANT AND M/s. Virchow Laboratories Limited, Plot No.4, S.P.Co.operative lndustrial Estate,Jeedimetla, Hyderabad ...RESPONDENT Counsel for the Appellant: SRI .B NARASIMHA SHARMA Counsel forthe Respondent: SRI A.V. KRISHNA KOUNDINYA The Court delivered the following: JUDGMENT TTI .i I{ON'BLD SRI JUSTICE P.SAM KOSIT/ AND THE HON'T I,,I) SRI JUSTICI) LAXMI NARAYA]YA ALISHETTY I.T.T.A. No.6O of 2OO8 JqpqI4ENl,,,,cl [f ][!. ]['t ][Le:;ri.Jtlsti ][c ][P.sAM KosHY)] [-le:rrc Sri ]. Narasimha Sarma, lcarned coL.rrsli rrppearingfor the appell.) 1t ilndSri 4..\'. I(risl-rna Koundinva learnedcoLlnseI for lhe 1rl:;p()nclent 2. 'll'ris rrppe rl under Sect-on 2604 ol th,: Incolne Tax Act,196 1 . has beer L preferrcci 1t',' the Revenue as ihe appellantaElainst th( ot-r. 3;' dt. 14.08.20C)3 passed b1 the nccme TaxAppr:1latc lribr r a1. Hyderat>a,1 Bench 'B', II g<: errrbad,1nITA. No.476,'lJvcl ,':,1002 for the lssessment year 79c,7 19983. Ccn[rir] llr uld of Dire cr ['l'axes ](CBDT) has issrLed CircularNo. l7 o1'20 1!) t 08.08.2019. :Lrncnding the p;'erious CircularNo.3 crl 20I 8 (lt | .O7 .2018, br, 'urther enhar cirlll tl ie rnonclarylimits for frJ ng aL >r.reals br,'thc lr-rt:ome T:ux Deparr-r:t:r'.t kefore theIncotle ['la>: ]Agr r,, llate Triburrarls, High Courts rir.d SupremeCourt as a lneas: .lle for reclucing )itigation. In parzt6;r:rplL 2 oI thesaid Clir<:uli r. rr lnd tl'rat Lhe ntonctarl, limil fi<r:ri 'or filine anappceLl bcfole th [:1i11h ]C)oLrrt i... Its.l .0O crore I To, 4. In the instant appeal, tax effect is well below the monetarylimit 5. Therefore, the appeal filed by the Department is dismissedin terms of the aforesaid Circular No.17 of 2019 dt.08.08.2019However, if the appeal comes within the exception underparagraph 10 of Circular No.3 of 2018, it would be open to theIncome Tax Department to seek revival of the appeal. No orderas to costs 6. Consequently, miscellaleous petitions pending, if arly,shal1 stand closed. Sd/.M.VIJAYA BHASKARJOINLEEGISTRARClDSECTION OFFICER //TRUE COPY// '1 . The lncome Tax Appellate Tribunal, Hyderabad Bench ' B' Hyderabad. 2. The Commissioner of lncome Tax , [(Appeals) lV, ][Hyderabad.] 3. The Joint Commissioner of lncome [Tax, (Assts.), Special ][Range-5,]Hyderabad.Hyderabad. 4. One CC to SRI B. NARASIMHA SHARMA, [Advocate ]IOPUC] 5. One CC to SRI A.V. KRTSHNA KOUNDINYA, [Advocate ][OPUCI 6. Two CD Copies l-:' HIGH COURI PSK,J & LNA JI DATED:19l0titil.023 JUDGMENT lTTA.No.60 ot ;i1008 ITTA IS DISM s;SED .-=,:ilAIF o', [t,]it:,?C,I'STFJ)sBt:l'.J,\t.' r,'" "'-:.- " - [j-:] 3-1'itbo-slwnb