In Itta/96/2002 Of Commissioner Of Income Tax (Central) Hyd v. M/S. Sarvaraya Sugars Ltd. Chelluru, the High Court (2017) dismissed the appeal. The decision went in favour of the assessee.
Decision: The appeal therefore does not deserve consideration on merits and is accordingly dismissed on this short ground.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
THE HON’BLE SRI JUSTI CE SANJAY KUMAR AND
THE HON’BLE SRI JUSTI CE GUDI SEVA SHYAM PRASAD
I .T.T.A.No.96 of 2002
JUDGMENT: (per Hon’ble Sri Justice Sanjay Kumar)
Sri J.V. Prasad, learned senior standing counsel for the Income Tax Department, fairly states that the tax effect in this appeal is less than the monetary limits fixed by the Central Board of Direct Taxes under Circular No.21 of 2015 dated 10.12.2015.
The appeal therefore does not deserve consideration on merits and is accordingly dismissed on this short ground. Liberty is however given to the Revenue to take appropriate steps if it is found hereinafter that the said instructions of the Central Board of Direct Taxes would not cover this matter. No order as to costs.
____________________
JUSTI CE SANJAY KUMAR
Date: 11.07.2017 va
_________________________________
JUSTI CE GUDI SEVA SHYAM PRASAD
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