One Cc To Srl. A v. Siva Kartikeya, Advocate [Opuci

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY ,THE TWENTY SECOND DAY OF FEBRUARYTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE THE CHIEF JUSTICE UJJAL BHUYANANDTHE HON'BLE SRI JUSTICE N.TUKARAMJI INCOME TA)( TRIBUNAL APPEAL NO: 387 OF 2006 Appeal Under Section 260 ( A) of the lncome Tax Act, 1961 aggrieved bythe order dated 26-11.2002 in l.T (SS ) A. No. 68/ Hyd/ 98 ( Block Period 1986-87 to 1995 -96 on the file of the lncome Tax Appellate Tribunal, HyderabadBench "A" Hyderabad preferred against the order of the AssistantCommissioner of lncometax , Circle 4 (1), Hyderabad dated 26-06-1998 in PAN /GIR No. K-701lAC-4 (1) Between Commissioner of lncome Tax-4, Hyderabad ..APPELLANT AND Sri V.R.Koneru (NR!), rep., byM/s. Lanco lndustries Limited 1-8-308/68/5,S.P.Road, Ground Floor, Visakha Towers, S.P.Road, Secunderabad. ...RESPONDENT Counsel for the Appellant: Ms. B. Sapna Reddy Counsel for the Respondent SRI A.V.A. SIVA KARTIKEYA The Gourt delivered the following: Judgment \ AND I.T.T.A.No.387 [of ][2006] JUDGMENT [: (Per the ][Hoible ][the ][Chief ][Jastice ][UjialBhayn)] HeardMs.B.SapnaReddy,Iearnedcounselfortheappellantand Mr. [A.V.A.Siva I(artikeya,leaffied ][counsel ][for ][the ][fespondent'] 2. This [appeal ][under ][Section ][260A ][of ][the ][Income ][Tax]Act, 1961 @rieflv, ['rhe ][Act', hereinafter), ][has ][been ][preferred ][by ][the]revenue [as ][the ][appellant ][against ][the ][order ][dated ][2s.1'1''2002 passed]the [Income ][Tax ][Appellate ][Tribunal, ][Hyderabad ][Bench ][.A,,]by Hyderabad(Iribunal),inI'T.(SS)A.No.63lHyd/gsfortheblockperiod [to ][1995-96'] 3.Learnedcounselfortheappellantfair\ysubmitsthattaxeffect [in ][this ][appeal is ][below ][the monetary ][limit for ][filing ][appeal'] 4. central [Board ][of ][Direct ][Taxes ][(CBDT) ][has ][issued ][circular]No.17 of [201.9, ][dated ][08.08.2019, ][amending ][the previous circular]No.3 of 2oL8,dated [1,1,.07.201,8, ][by ][further ][enhancing the monetary]limits for [filing ][appeals ][by ][the Income ][Tax ][Department before ][the] \ \ / r- Income Tax Appellate Tribunals, High Courts and Supreme Courtzs me sure for reducing litigation. In paragraph 2 o[ the said^ circular we find that the monetary limit fixed for filing an appealbefore the High Court is Rs.1.00 crore. 5. Therefore, the appeal filed by the revenue is dismissed interrns of the aforesaid Circular No.17 of 201,9, dated 08.08.2019.However it the appeal comes within the exception underpangruph 10 of Circular No.3 of 201,8, it would be open to theIncome Tax Department to seek revival of the appeal. Miscellaneous applications pending, rf any, shall stand closed. However, there shall be no order as to costs. Sd/- M. VIJAYA BHASKARJOINT REGISTRAR>-- //TRUE COPY/ SECTION OFFICER To 1. The lncome Tax Appellate Tribunal, Hyderabad [Bench ]["A" Hyderabad] 2. The Assistant Commissioner of lncometax , [Circle 4 ][(1), ][Hyderabad] The Assistant Commissioner of lncometax , 3. One CC to Ms. B. Sapna Reddy, Advocate 4. One CC to SRl. A. V. SIVA KARTIKEYA, Advocate [OPUCI 5. Two CD Copies Pnt4. a / . t HIGH COURT DATEDI 2210212A23 ORDER lTTA.No.387 of 2006 DISMISSING THE ITTA WITHOUT COSTS ?^q" q\B\'>2. rIlr.JT4iq1 5 mr\ff [2023]-1,. i,,h;.{