Itta/66/2004 Of The Commissionewr Of Income Tax v. M/S. Taher Engineeringcorporation

HON’BLE SRI JUSTICE G. CHANDRAIAH&HON’BLE SRI JUSTICE CHALLA KODANDA RAM I.T.T.A.No.66 of 2004 JUDGMENT:- (per Hon’ble Sri Justice Challa Kodanda Ram ) Heard Sri JV Prasad, learned Senior Standing Counsel for Income-taxand Sri Y. Ratnakar, learned counsel for the sole respondent. 2. This Appeal is filed by the Revenue under Section 260(A) of theIncome Tax Act, 1961 (for short “the Act”) challenging the order dated11.01.2001 of the Income Tax Appellate Tribunal, Hyderabad Bench-A,Hyderabad in I.T.A.No.548/H/2000 relating to the assessment year 1996-97. 3. Considering the departmental circular issued by the Department and inthe light of Section 268-A of the Income Tax Act, 1961, this Court, by orderdated 24.01.2014 in W.T.A.No. 24 of 2004 and batch, took a view that theappeals, where the tax effect is below the monetary limits prescribed in theCircular, need to be dismissed. 4. In the light of the above decision, we see from the order of assessmentthat the tax liability was determined at Rs.93,284/-. In view of the fact that thequantum of liability involved in the present case being less than the amountspecified in the Circular issued by the Department, we are not inclined toexamine the appeal on merits. 5. The appeal is accordingly dismissed. As a sequel to the dismissal ofthe appeal, Miscellaneous Petitions, if any pending, shall stand disposed of asinfructuous. No order as to costs. ___________________ G. CHANDRAIAH, J Dated: 20.03.2014 _____________________ Nrg CHALLA KODANDA RAM, J HON’BLE SRI JUSTICE G. CHANDRAIAH & HON’BLE SRI JUSTICE CHALLA KODANDA RAM NRG I.T.T.A.No.66 of 2004 20.03.2014