Itta/63/2008 Of Commissioner Of Income Tax-Iii, Hyderabad v. M/S. Virchow Laboratories Limited

IN THE HIGH COURT FOR THE STATE OF AT 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 INCOME TAX TRIBUNAL APPEAL [No: ][63 ] [2008] lncome Tax Tribunal Appeal Under Section [260A ][of the ][lncome Tax ][Act,]1961 arising out of the order of the lncome [Tax ][Appellate ][Tribunal, ][Hyderabad]Bench ['B', ]Hyderabad in ITA No.477lHyd12002, [Assessment ][Year: ][1998-99, ][dated]14-08-2003 [preferred ]against the [Order ]of [the ][Commissioner ][of ][lncome ][Tax ][,](Appeals)-lV, Hyderabad, Appeal No.330/JCSR-5iClT(A)lViO1-02,dated:14-03-2022 [preferred ]against the Order [of ][the ][Additional ][Commissioner ][of ][lncome ][Tax,](Assessments) Special Range-S, Hyderabad, PAN [No. , ] [No.V-24]dated 28-1 1-2000. Between: Commissioner of lncome Tax-lll, [Hyderabad] AND M/s. Virchow Laboratories Ltd., Jeedimetla, [Hyderabad.] Counsel for the Appellant: B. NARASIMHA Counsel for the Respondent: [A.V. KRISHNA KOUNDINYA] The Court delivered the following: ...APPELLANT ...RESPONDENT THE HON'BLE SRI JUSTICE P.SAM KOSttY AND THE HON'BLE SRI JUSTICE LAXMI NARAYANA ALISHETTYI.T.T.A. No.63 of 2OO8I.T.T.A. No.63 of 2OO8 JUDGMENT:ap e.r Ho,t'ble Si Justice P.SAM KOSHli,) Heard Sri B. Narasimha Sarma, learned counsel for theappellant and Sri A.V. Krishna Koundinya, learned counsel forthe respondent. This appeal under Section appeal under Section under Section Section 260A of the Income Tax of the Income Tax Income Tax Acr, 2This appeal under Section appeal under Section under Section Section 260A of the Income Tax of the Income Tax Income Tax Acr,196 1, has been preferred by the Revenue as the appellantagainst the order dt. 14.08.2003 passed by the lncome TaxAppellate Tribunal, Hyderabad Bench ,8,, Hyderabad,1nlTA.No.477 /Hyd/2OO2 for the assessment year 199g_1999.3. Central Board of Direct Taxes (CBDT) has issuecl CircularNo.17 of 2019 dt.O8.OB.2olg, amending the previous Circular3. Central Board of Direct Taxes (CBDT) has issuecl CircularNo.17 of 2019 dt.O8.OB.2olg, amending the previous CircularNo.3 of 2018 dt. lI.O7.2OlB, by further enhancing the moneta-rylimits for filing appeals by the Income Tax Department before thelimits for filing appeals by the Income Tax Department before theIncome Tax Appellate Tribunals, High Courts and SupremeCourt as a measure for reducing litigation. In paragraph 2 of theCourt as a measure for reducing litigation. In paragraph 2 of thesaid Circular, .,r,e find that the monetary limit fixed for filing anappeal before the High Court is Rs. 1.00 crore.appeal before the High Court is Rs. 1.00 crore. 4. In the instant appeal [tax ][effect ][is well ][below ][the ][monetary]limit. 5. Therefore, the [appeal ][filed by the Department ][is ][dismissed]in terms of the [a-foresaid ][Circular ][No'17 ][of ][20 ][19 ][dt'08 ][08'2019']if the [appeal ][comes ][within the ][exception ][under]However, paragraph 10 of [Circular ][No.3 ][of ][20 ][18, ][it ][would be ][open ][to ][the]Income Tax [Department ][to ][seek ][revival ][of the ][appeal' ][No ][order]as to costs. 6. Consequently, [miscellaneous ][petitions pending' ][if ][any']sha-1l stand [closed]Sd/-K.SRINIVASA RAOJOINT REGISTRAR//TRUE COPYIIqbSECTION OFFICER To,1The lncome Tax Appellate [Tribunal, Hyderabad Bench ]['B', ][Hyderabad.]The Commissioner of lncome [Tax ], [(Appeals)-lV, ][Hyderabad.]1The lncome Tax Appellate [Tribunal, Hyderabad Bench ]['B', ][Hyderabad.]The Commissioner of lncome [Tax ], [(Appeals)-lV, ][Hyderabad.] , 3The Additional Commissioner [of lncome Tax, (Assessments) Special ][Range-]5, Hyderabad.5, Hyderabad.4One CC to SRI B. NARASIMHA [SARMA, ][Advocate ] qOne CC to SRI A.V. KRISHNA [KOUNDINYA, ][Advocate ] fiTwo CD CopiesfiTwo CD CopieskamPrnq.Prnq. HIGH COURT DATED:0910812023 6. Consequently, [miscellaneous ][petitions pending' ][if ][any']sha-1l stand [closed]Sd/-K.SRINIVASA RAOJOINT REGISTRAR//TRUE COPYIIqbSECTION OFFICER To,1The lncome Tax Appellate [Tribunal, Hyderabad Bench ]['B', ][Hyderabad.]The Commissioner of lncome [Tax ], [(Appeals)-lV, ][Hyderabad.]1The lncome Tax Appellate [Tribunal, Hyderabad Bench ]['B', ][Hyderabad.]The Commissioner of lncome [Tax ], [(Appeals)-lV, ][Hyderabad.] , 3The Additional Commissioner [of lncome Tax, (Assessments) Special ][Range-]5, Hyderabad.5, Hyderabad.4One CC to SRI B. NARASIMHA [SARMA, ][Advocate ] qOne CC to SRI A.V. KRISHNA [KOUNDINYA, ][Advocate ] fiTwo CD CopiesfiTwo CD CopieskamPrnq.Prnq. HIGH COURT DATED:0910812023 JUDGMENTITTA.No.63 of 2008 ITTA IS DISMISSED C1:-+\e\r-e' ti)s-+o=si:";\.-<:.4.: -.il.r'-.:/-'.,'.J'