Itta/640/2018 Of The Principal Commissioner Of Income Tax-2 v. M/S.jasper Industries Pvt Ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE TWENTY EIGHTH DAY OF JULYTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'B LE TH E CHIEF JUSTICE APARESFI KUMAR SINGH AND THE HON'BLE SRIJUSTICE P.SAM KOSHY INCOME TAX TRIBUNAL APPEAL NO: 640 0F 2018 Appeal under section 2604 of the rncome Tax Act against the order dated25-05-2018 in rrA.No. r403rHyDr2o1T in Assessment year 2011-2012 on the fireof the lncome Tax Appellate Tribunal, Hyderabad ,A, Bench, Hyderabad. Between:The Principal Commissioner of lncome Tax_2, Hyderabad. ...AppellantANDM/s.Jasper lndustries pvt Ltd, Golden Edifice, 1"rFloor, Opp.VishweshwarayaStatue, Khairatabad Circle, Hyderabad.... Respondent Counsel for the Appellant: Ms. J. Sunitha,Sr. Standing Counsel for lT Department Counsel for the Respondent: Ms. Vaishnavi Ambadipudi, representingMs. Divya DaflaAmbadipudi, representingMs. Divya Dafla The Court delivered the following: JUDGMENT THE HON[,BLE ] [C] [ KIIMAR][ SINGH]AND THE HON'BLE SRI [EP.] INCOME [T]AX [L No.64] [of ][2O18] JUDGMENT: Ms. J.Sunitha, [learned Senior Standing Counsel ][for]Income Tax [Department appearing ][for ][the ][appeliant']Ms- Vaishnavi [Ambadipudi, ][learned ][counsel]representing [Ms. ][Divya ][Datla, ][learned counsel ][for ][the]respondent. Learned Senior [[Standing ][Counsel ]][[Counsel ]][[for ][Income]][[Income]] 2. Learned Senior [[Standing ][Counsel ]][[Counsel ]][[for ][Income]][[Income]]Tax Department [appearing ][for ][the ][appellant/ ][Revenuc]submits that [since ][the ][tax ][effect involved ][in ][the ][instant]is [Rs.1,47,12,315.00 ][only, ][it ][falls ][within ][the]appeal limit [prescribed ][under ][Circular ][No'5 ][of ][2024]monetary dated i5.03.2024 issued [by ][the ][Central Board ][of ][Direct]Taxes (CBDT) iaying [down ][the ][ceiiing ][of ][Rs'2'OO ][crore ][for]filing appeals before [the ][High ][Court' ][Learned ][Senior]Stancling Counsel further [submits ][that ][she ][is ][r-rot ][pressing] the instant appeal ald the sarne may be dismissed as notpressed. 3. In view of the aforesaid submission, since thetax effect involved in the instant appeal is below the ceilinglimit of Rs.2.00 crore, the appeal is dismissed as notpressed. Miscellaneous applications pending, if any, shallstand closed. However, there sha_Il be no order as to costs.stand closed. However, there sha_Il be no order as to costs. Sd/. N. SRIHARIDEPUW REGISTRAR//L1SEcTloN OFFICER //TRUE COPY// To, 1. The lncome Tax Appellate Tribunal, Hyderabad 'A' Bench, Hyderabad2. One CC to Ms. J. Sunitha, Sr. SC FOR tT DEPARTIVTENT 3. One CC to Ms. Divya Datla, Advocate tOpUCI4. Two CD Copies kamw HIGH COURT DATED:2810712025 JUDGMENTlTTA.No.640 [of ][2018] DISMISSING THE APPEAL 14[c"{db]tr-fr 3 [5]\\ac\/.',1\..<. \\-.'1,.0t sEP zffi){)^..::?