Itta/92/2015 Of The Pr Commissioner Of Income Tax [Central] v. Hetero Labs Ltd

HIGH COURT MONDAY, [MARC+I]TWO THOUSAND PRESENT THE HONOURABLE [JUSTICE P.SAM KOSHY]& THE HONOURABLE [JUSTICE NARSING RAO NANOIKONDA]INCOM [NO: 92][ oF ][2015] Appeal under [Section 260 ] [of ][lhe ][lncome Tax ][Act' ][1961' aggrieved ][by]theordersmadeinlTANo.T3.l/Hyd12o12,dated15.10.2014forA.Y.2003.04,onthe file of [the ][lncome Tax Appellate ][Tribunal' ][Bench-A' Hyderabad'] Between: The Pr. Commissioner [Of lncome Tax, [Central]']O/o. Hyderabad. AndHetero Labs [Ltd,]O/o.8-3-166/7'1 ,Hetero House, [Erragadda,]Hyderabad. For the Appellant [: ][Sri ][J.V ][Prasad (SC for lncome Tax)] For the Respondent: [Sri ] [V'N ][Hari' Advocate] The Court made [the following: JUDGMENT] .Appellant ...Respondent THE; HON'BLE SRI JUSTICE P.SAM KOSH]IAND THE HON'BI,E SRI JUSTTCE NARSING RAO NANDI|KONDA Income Tax Tribunal Arrpeal No.92 of 2Ollri WDGMENT : (t)t [. ]].a t bLe Sn rustice p.srlm Kosh!) Heard IvIr. .1.V. Prasad, learned Senior Standing Counsel forIncome Tax, a.ppczu'ing on behalf of the appellant. 2. The inst.ant. 3ppeal under Section 260A of l.he lncome Tax Act,1961, has ber:n pre,fer.red by the Revenue as the appellant against theorder dated I ). tt).ilol4 passed by the Income Ta-r Appell rte Tribunal,Bench-A, Hyderarad, in I.T.A.No.731 /Hyd/2012 for rhe AssessmentYear 2OO3-O4. 3. The cenrr:'r1 Iloard of Direct Taxes (CBDT) has issue r a circurar,vrz., Circular iVo.!r ,rf 2024 dated IZ.Og.2024, amt:nding .he previouscircular No.S of 2o24 dated r5.o3.2o24, by furr her enrrancing themonetalv limits ir,r' filing appeals by the Income [.I,ax ]Departmentbefore the Inc.n:.e 'Iax Appellate Tribunals, High Courr,s atd Supremecourt as a measllr€ for reducing litigation. In pa,r'agraph no.2 of thesaid circular, 'r'e fi'rd that the monetarJr limit fixed for filirg an appealbefore the HigL,. [(.)olu-t ]is Rs.2.OO crore. 4. In the instant appeal, tax effect is well below the monetary limit. 5. Therefore, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2024 dated 17.O9.2O24. However, ifthe appeal comes within the exception of Circular No.5 of 2024, itwould be open to the Income Tax Department to seek revival of theappeal. No costs. 6. As a sequel, miscellaneous applications pending if any, shallstand closed. SD/- K. SRINIVASA JOINT REGISTRAR//TRUE COPYIISECTION OFFICER To, 1The lncome Tax [ellate Tribunal, Bench-A, ] [ erabad]2One CC to Sri J.V.Pra[sad (SC for lncome ][Tax) ][Advocate ]3One CC to Sri G.V.N. [Hari ][Advocate ][OPUCj4Two CD Copies HIGH COUR'I DATED.10t3t2025 JUDGMENT ITTA.No.92 of 20I {) APPEAL IS DISMI3S}ED,NO COSTS ^N a ro\'Lr-V/'xdf?\'