M/S.hst Steels Pvt.ltd., [( v. Ramana [Rao]The Court Made The Following

IN HIGH COURT FOR THE STATE OF TEI-ANGANA AT HYDERABAD THURSDAY,THE THIRD DAY OF AUGUSTTWO THOUSAND AND TWENW THREE PRESENT THE HONOURABLE SRl JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE LAXMI NARAYANA ALISHETTYINCOME TAX TRIBUNAL APPEAL NO: 561 OF 201s (lncome Tax Tribunal Appeal Under Section 260-4 of the lncome Tax Act, againstthe order of the lncome Tax Appellate Tribunal, Hyderabad Bench [' ]A [', ]Hyderabad inITA No.1913/Hyd12014, for assessment Yeat 2OO7 -2008, dated 30-04-2015,preferred against the Order of the Commissioner of lncome Tax Appeals-|,Hyderabad, ITA No.0275 & 276lCC-5, Hyd/ClT(A)-1113-14114-15 dated 24-10-2014,prefened against the Order of the Assistant Commissioner of lncome Tax CentralCircle 5, Hyderabad, PAN/GIR No.A./qACH5922B, dated 07.03.2013)Between: The Pr. Commissioner of lncome Tax, (Central, Hyderabad. ...APPELLANT/APPELLANT AND M/s.HST Steels Pvt.Ltd., [(PAN ] ) Plot.No. [401/A, lDA, Balanagar]...RESPONDENT/RESPoNDENTHyderabad-500034 Counsel for the Appellant :SRl. J. [V. ]PRASAD [(SC FOR INCOME ][TA,\)]Counsel for the Respondent :SRl [T. V. ]RAMANA The Court made the following: THE HON'BLE SRI WSTICE P.SAM KOSEYAND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA I.T.T.A. No. 561 of 2O15 .I@Q!(EN!: fp,, r I'Io n' b te S t. . [t ]t t s tt( e P. sAIfi KOSHY I Heard Sri,J.V.Prasad, learned Senior Standing Counsel appearing fortJrc appellant. '). This appeal undc:- Section 260A ci the lncorri: Tax /rct, 1961. irasbeen preferred by the llcr-cnuc as rhc appellart agairrst Lhe orderdt.30.04.2015 passed bv the l comc ['lax ]Appellate Tribunal, t{yderabadllencfi 'A' Hydcrabad. rn l.'l'.A.No 19lill1vd/2014 for r:he Assessment Year2007..o8. 3. Ce:1tra-I Boalcl rrI l)ircct ]':rxc:; (CIll-r'l l hars iss',lsd Clrculclr Nc. ] 7 ol2019 dt 08 0t1.2019, .r,rcrr.1rrrg thr [)ti.\,ioLts Circular No.3 of 20lgdt.l 1.07.2018 by lurrhcr crrir.rnr rnli lh(. rronctirr-y limits fot filirrg appcalsbv the income Ta-r I-)cPartnrcnL i;t lort- rtr(r In(:orno iax Apo.--llate Tribunals-High Courts and Srtpr(:mc (lolrrr as a mcaslrrc lor lcducrng titigation. Inparagraph 2 of the -s;rrd (iirt.rriar. ',vr: lind rhar tix rr..)netiiry linl( lixed lbrhhng ;rn appcal beforc- lirc itrglr (.()Lri t ;s r.i:-, I O0 (-rorc. 4I1r the iltstanl aupcal, rar .:[[ccr rs rvcll tre lorv rt-rc rnonetary J.irnit. 5. l'h.-rcIbrs. thc apl,ciri :iltd b-t rhc l)r:Jra;r;1611i is ilrslnissecl in [<:rms ofthe aioresaid Ctrc::lar llo.i7 of l0ir) clr.Uti.0lt 20 19. Ljtr! rve:.. il the :rppcalcomcs vrithin,thc cxcr-:l:r,,,rr un(lr r piu.irgr.;lirir l0 ol ( iri !lar No.3 ol 20lit. rr, would be open to the lncome [Tax ][Department ][to ][seek ][revival of ][the ][appeal]No order as to costs 6Consequently, miscellaneous Petitions [pending, ][if ][any, shall ][stand]closed Sd/. K. SRINIVASA JOINT REGISTRARY:9,'JOINT REGISTRARY:9,'SECTION //TRUE GOPY// To, 1. The lncome [Tax Appellate Tribunal, Hyderabad Bench ][' ] Hyderabad"Hyderabad" z. The Commissioner [of ][lncome Tax Appeals-|, Hyderabad'] 3. The Assistant [Commissioner ][of ][lncome Tax Central Circle ][5']Hyderabad.Hyderabad. 4. One CC to [SRl. ][J. ] [(SC ] [TAX) ] 5. One CC [to SRl. ][T. ][V. RAMANA RAO' Advocate IOPUC]] 6. Two CD [CoPies] DL '\)P'- HIGH COURTOATED:03/08/2023 JUDGMENT lTTA.No.561 of 2015 DISMISSING THE APPEAL \[\x],9,*[o] v[5TAT ][5 ][q][A]qc)fcts [[\t][$].oi,,(OI n:",r':'