One Cc To Srl. J v. Prasad (Sc For Income Ta)() Advocate Iopuci

I IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY,THE FOURTH DAY OF JANUARYTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE THE CHIEF JUSTICE UJJAL BHUYAN AND THE HON'BLE SRI JUSTICE N.TUKARAMJI INCOME TAX TRIBUNAL APPEAL NO: 197 OF 2006 Appeal Under Section 260 A of the lncome Tax Act ['1961 ]aggrieved bythe order dated ['18-07-2005 ]in ITA No. 11 / HYdl 2002 ( Asst. Year 1998-1999)on the file of the lncome Tax Appellate Tribunal, Hyderabad Bench -El,Hyderabad preferred against the order of the Commissioner of lncome tax (Appeals ) lV , Hyderabad dated 25-09-2002 in Appeal No. 365 /SR-4 /ClT (A) -lV/01-02 preferred against the order of the Joint Commissioner of lncome tax,Special Range -4, Hyderabad dated 15-03-2001 in PAN/GIR No. S-31 Between:The Commissioner Of lncome Tax-lll, Hyderabad. ...APPELLANT ANDState Bank of lndia , Gunfoundry, Hyderabad(Cause title is amended as per Court Order dated 31-01-2018 in l.A.No.1 l2018inITTA No. 197 of 2006) ...RESPONDENT Counsel for the [Appellant: ][SRl. ] [(SC ] [INCOME TAX)]Counsel for the Respondent: The Court detivered [the ][following: ] THE H()N'BLE THE CHIEFJUSTTCE UJJAI BHIJ!ANAND TIIE HON'BLE SRI JUSTICE N.TUKARAMJI Lr.r.e.NoJ9?_sI2Q06 IIDGMEIYI, [a\ ]['h ][t ][t ][', ][bk ][tt, ][tt. ][lr'rt ][. ][t .t ][, ][ttt.at ][tni] Heard It [r. .f .V.Prasad, learncd Standing [(,ouns,:l ]for Income 'I'axDepar ment appcaring for the ap)ellant andN{rIQrthik Itamana Puttamrcddy, learncd counsel for thercspondent.N{rIQrthik Itamana Puttamrcddy, learncd counsel for thercspondent. 2. I'his appeai undcr Sccturn 260r\ o[ the ]nccrrre Tax Act,1961 (brieflv,'the,\ct'hcrcin:rftcr), has bcr,n pr,:fr:rred by thercvenue as tlc appclllnr:rualnsr thc ordcr datt:d 18.J?.2005 passedbv the Incr:mc ['['ar ].\npcllere i ribtrnal, Flvderatrad Rench [.B,,]Hyderabacl (lrrbun:r11,IllI. t..\.Nrr.11 /Llyd/2ttrt2 for theasscssme nt r ear 1998-9() 3. Mr. .f . 11.l)rasacl, lcarrrcrl Srancling (_ounsel fairll. submits thatitax effect ir this appce] is lrclou, thc rnoncrary hmit tor frlingappeal. 4. Central Board o[ Direct Taxes (CBDT) has issued CircularNo.17 o[ 2019, dated 08.08.2019, amending the previous CircularNo.3 of 2018, datcd 11.07.2018, by further enhancing the monctarylimits for filing appeals by thc Income Tax Department before thcIncomc ['I ]ax ,\ppcllatc ['I ]ribunals, Iligh Courts and Supreme [(iourt]as a mcasurc ftrr rcducing litigation. In paragraph 2 of the saidcircular wc fir.rd that thc monetary limit fixed for {iling an appealbe [ore the [ [igh [(.t,trrt ]is Ils.1.00 crore. .5. [-fhercforc, ]thc appeal hled by the revenue is d-ismisscd interms r.r[ the atotcsaid Circular No.17 o[ 201,9, dated 08.08.2019Horvever, if thc appeal comes within the exception underparagraph l [(-) ]oi [(.ircular ]No.3 of 2018, rt would be open to thcInct-,mc I ax l)cprrrtnrcnt to scck revival of the appcal. Nlisccllancorrs epplications pending, if any, shall [stand ][closcd]Hr.rs,cr-cr. thcrc shlll bc no order [as ]to costs.Sd/. K. K. [ ] ASSISTANT //TRUE ,L Sd/. K. K. [ ] ASSISTANT ,L(r\-rSECTION To 1 . The lncome [Tax Appellate ][Tribunal' ][Hyderabad Bench ][-B' ][Hyderabad]2. The [Commissioner of lncome tax ][( ][Appeals ) ][lV ][' ][Hyderabad]3. The [Joint Commissioner ][of ][lncome ][tax ' ][Special Range ][-4' ][Hyderabad] I 4. One CC to SRl. J. V. PRASAD (SC FOR INCOME TA)() Advocate IOPUCI 5. One CC to SRl. KARTHIK RAMANA PUTTAMREDDY Aclvocate 6. Two CD Cr pies J I\ HIGH COURT HCJ & NTRJ DATED: 0410112023 ORDER!TTA.No.197 of 2006 DISMISSI\G I'T E IT'TAWITHOUT COS ;Sf'?\r\t1\q )fr a i t[N [?t?3]