Itta/96/2017 Of Commissioner Of Income Tax-Ii v. Gland Pharma Ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY ,THE NINTH DAY OF APRILTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 96 OF 2017 lncome Tax Tribunal Appeal under Section 260-4 of the lncome Tax Act,'1961 against order dated 28-02-2007 in ITA No. S4tHydt2O01 ( Assessment year1996-97 ) on the file lncome Tax Appellate Tribunal, Hyderabad Bench [,A,]Hyderabad, preferred against order dated. 14 -11-2OOO in Appeal No. 280/ JCSR2l CIT (A) lll / 2000-0'1 on the file of the Commissioner of lncome Tax (Appeal-Ill), Hyderabad preferred against the order dated 0'1-03-1999 on the file of theJoint (Assts) Special Range -2, Hyderabad.Between: Commissioner Of lncome Tax-ll, Hyderabad ...APPELLANT AND Gland Pharma Ltd., 6-3-862, Ameerpet, Hyderabad ..,RESPONDENT Counsel for the Appellant: SRl.J. SUNITHA SC FOR INCOME TAXCounsel for the Respondent: SRI K. VASANTKUMAR The Court made the following ORDER: THE HON'BLE [P][.SAM ] AND THE HON'B INCOME[TA)( ] [No.][96][ oF ][2017] JUDGMEI{T: [t)er ][HotL ][ble ][sn ][rustice ][I's'tm ][Kashq)]Fiear: [1?I ][s.J. ][Sul..t]]a, ][leerrired ][:-)iarr-ii; ][g ][ljcun.e] ][|or ][lrlcoirre ][Tax,]appearing [on behalf of ][the ][appellant'] 2. The instant [appeal ][under ][Sec:ion ][260,{ ][of ][the ][Income ][Tax ][Act']1961, has [been preferred by ][the ][Revenue ][as ][thc ][appellant against ][the]order datecl [2a.c2.2OO7 passe<l ][by ][the ][Incoms ][Tax ][Appellale ][Tribunal']Hyd.erabad [..A,, ][Bench, Hyderabad. ][in ][i.T.A.No.S+ ][lHydl2oo| ][for ][the]Assessment [Year 1)9b'97 ]['] 3. Central [Boarcl ][of ][Direct ][Taxes ][(CBDT) ][has ][issued ][Circular ][No ][9 ][of]pre''ious [(l ]r':ular [Nc ][5 ][of ][2024]2t)24 [d.aLe,S- ][17.c9.2C,24, ][arrrcnding ]"he dated 15.O3-2 [O21, ][by ][tr-rrther ][enhancing ][tLre ][mor'(:t;lry ][limits for ][filing]bl [thc ][lnccrne ][Ta:: ][l)ep;''itrnirn ][i ][l)efcre ][the ][lac':me ][Tax]appeals Appellate [llribun:-.ls, I{igh ][Cor'rrt's ][anrl ][Supr':rr ][c ][C() ]["irt ][as a measure ][for]reducing [lit-igatirln. ][In ][paragraph ][2 of ][the ][said ][Circular' ][we ][hnd ][that]the monetary [lir-'rit ][fixed ][fo- ][filing ][a'n ][apperll befcre ][the ][High ][Court ][is]Rs.2.00 [crore.] .J.}j Page 2 of 3 4In the instant appeal tax effect is well beiow the monetary limit 5. Therefore, the appeal filed by the Rcvenue is dismissed in termsof the aforesaid Circular lrlo_9 of 2024 dated lZ.Og.2O24. However, ifthe appeal comes u,ithin rhe exception of Circular No.5 of 2024, itwould be open to tLre Income Tax Department to seek revival of theappeal. No costs. To, 6. As a sequel.rniscellaneous applications penciing if any, shallstand closed. Sd/- K. SRINIVASA RAOJOINT REGISTRARISECTION OFFICER //TRUE COPY// 1. The lncome Tax Appellate Tribunal, [Hyderabad ][Bench 'A' Hyderabad,] 2. GLAND PHARMA LTD.,, 6-3-862, [Ameerpet, ][Hyderabad.] 3. One CC to SRl. K MAMATA [Advocate ]IOPUC] 4. One CC to SRI K VASANTKUMAR [Advocate ] 5. Two CD Copies KUL/PSLw HIGH COURT DATED:09/04/2025 ORDERITTA.No.96 of [2O17] DISMISSING THE ITTAWITHOUT COSTS -Xaz\'4LeYVr--4uW Roc(Ji't.)2 7 [iijN][ 20[]rl**o€spATcY\cl