Itta/817/2006 Of The Commissioner Of Income Tax-Iv, Hyderabad v. M/S. Pkl Limited

IN THE HIGH COURT AT HYDERABAD WEDNESDAY, THE NINTH TWO THOUSAND AND PRESENT THE HON'BLE SRI JUSTICE [P.SAM KOSHY] AND THE HON'BLE SRI JUSTICE [A. ] INCOME TAX TRIBU NAL APP [No: 817 OF ][2006] lncomeTaxTribunalAppealUnderSection260AofthelncomeTaxAct,1961 arising out of the [order ][of the ][lncome ][Tax ][Appellate ][Tribunal, ][Hyderabad]Bench [,A" ]Hyderabad [in ITA No.672lHyd/1999, for Assessment ][Year ][',!994-95 ][dated]18-06-2004 [preferred ][against ][the ][order ][of ][the ][commissioner ][of ][lncome ][Tax ][,](Appeals-lll),HyderabadAppealNo.2lTlTRyDC(A)l/ClT(A)-llU98.99,dated:06.09-99order of the [Deputy ][commissioner ][of ][lncome ][Tax ][(Assts)]preferred against [.the ]Spl.Range-l, Hyderabad, [PAN/GlR ][No.P-1 ][, ][dated 30-12-1996'] Between: The Commissioner of [lncome ][Tax-lV, ][Hyderabad.] ...APPELLANT AND M/s. PKL Ltd, [(Formerly Known as Primus Kabson Limited) Plot No'48, ][B-3-1087']Srinagar ColonY, [HYderabad.] ...RESPONDENT counsel for the Appellant: [Mr. ][J.V. PRASAD, Learned ][senior standing counsel]appearing for SRI S.R. [& V.R. BADRI, SC FOR INCOME TAX] Counsel forthe Respondent: [A.V. ] The Court delivered the [following: ] THE HON'BLE SRI JUSTICE P.SAM KOSITY AND THE HON'BLE SRI JTISTICE A. LA)(lvII NARAYANA I.T.T.A. No.8t7 of 2006 JqBGXIETT:/p,zr I lori'Itu'.Srr ./uslrr.r, p. Sz4I,I I(OSEy./ Heard Mr. J.V. Prasad, learned Senior Stalding Counsel appeanngfor the appellantfor the appellant 2 This appeal under Section 2604 of the Income Tax Act. 1961. hasbeen preferred by the Revenue as the appellant against the orderdt. i8.06.20O4 passed by rhe lncome 'lzrx Appcllate Tribunzri, HyderabadBenc*r 'A', Hyderabad, in LT.A.No.672 lHydl1999 for the Assessment yearI994-95. 3. Cerrtral Board of Direct Teuxes (CBDT) has issueci Circular Nc. 17 of2019 dt.08.O8.2019, arnending the previous Circular No.3 of 20lgdt. 11.07.2018, bv flurt]rer enhancing the monetarv limits for hling appea_lsby the Incrrme Tzui l)cPartment before the Income Ta-x Appellate T.bunals,I{igh Courts and Suprcrnc Court as a measure for reducing litigation. lnparagraph 2 of the said Circular-. we hnd that the monctarv hmit fixed forhling zrn appeal before the I{igh Court is Rs. 1.00 crore. Iln the instant appeal, tax cffect is well belor,r, the molie!.ary limit 5. Therefore, the ap1:eal filecl by the Department is dtsmissed in terms ofthe aioresaid Circular Nrr. l7 of 2C l9 Ct.Ot3.0g.20 19. How.ve;., if the appeal.-'olnes \\,rthln thc .xccJ..lion u.rl.r paragr;,rph l0 of Crrr:ular No.3 of 20 1g, it would bc open to the Incomc Ta,\ Department to seek revival of the appealNo order as to costs. 6. Consequent.ly, miscellaneous petitions pending, if any, shal1 staldclosed Sd/. M. VIJAYA BHASKERJOINT REGISTRARsfc, //TRUE COPY// SECTION OFFICER To, 1. The lncome Tax Appellate Tribunal, Hyderabad Bench ['A', ]Hyderabad 2. The Commissioner of lncome Tax , (Appeals-lll), Hyderabad. 3. The Deputy Commissioner of lncome Tax (Assts) Spl.Range-|, Hyderabad. 4. One CC to SRI S.R. ASHOK & V.R. BADRI, SC FOR INCOME TAX IOPUC] 5. One CC to SRI A.V. RAGHU RAtvl, Advocate 6. Two CD Copies\ ,y-\ ,y- kam t HIGH COURT DATED: 0910812023 JUDGMENT ITTA.No.817 ot 2006 ITTA IS DISMISSED 1[,t{E! ][Cr][4re]lJ(i\\:i1f,qJ[5 [StP?m]19:/