Sd/. C v. Mallikarjuna [Varma]Joint Registrar

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE NINTH DAY OF AUGUSTTWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA INCOME TAX TRIBUNAL APPEAL No:774 OF 2006 lncome Tax Tribunal Appeal Under Section 260,4 of the lncome Tax Act,196'l arising out of the order of the Income{ax Appellate Tribunal, Hyderabad Bench' B' Hyderabad, in ITA No.1058/Hyd/2004, for Assessment year 2OO1-O2 dated 09-05-2006 preferred against the order of the commissioner of lncome Tax , (Appeals)-lV, Hyderabad, Appeal No. T2tAC|T-3(4)tCtT(A)-lV/04-O5,dated:18-08-2004,196'l arising out of the order of the Income{ax Appellate Tribunal, Hyderabad Bench' B' Hyderabad, in ITA No.1058/Hyd/2004, for Assessment year 2OO1-O2 dated 09-05-2006 preferred against the order of the commissioner of lncome Tax , (Appeals)-lV, Hyderabad, Appeal No. T2tAC|T-3(4)tCtT(A)-lV/04-O5,dated:18-08-2004,preferred against the order of the Assistant commissioner of lncome-Tax circle-3(4), Hyderabad, PAN/GIR No. AAACV 2259 B lV-005 dated 22-03-2004.3(4), Hyderabad, PAN/GIR No. AAACV 2259 B lV-005 dated 22-03-2004. Between: The Commissioner of lncome Tax-lll, Hyderabad ...APPELLANT AND M/s.Vijay Electricals Limited, lDA, Balanagar, Hyderabad - 5OO 037. ...RESPONDENT Counsel for the Appellant: Mr. J.V. PRASAD, Learned Senior Standing Counsel Counsel for the Respondent: SRI A.V. KRISHNA KAUNDINYAThe Court delivered the following: JUDGMENTThe Court delivered the following: JUDGMENT TI E HON'BLE SRI JUSTICE P.SAM [KOS}TT] AND THE I ON'BLE SRI JUSTICE A. LAXMI NARA}'A I.T.T.A. No.774 of 2O06 JUDGMENT[(pet' ] i [1 ][)1" ][Sn Jltshce ][P.SAM ][KOSHY)] Ltcard Sri . ,/. Prasacl, Ical-ncd Senior StandLng Or,u-rse. appc:rringfor thc appelian t. 2. This ztpp,:a r ncler Section 260A of the Inconte lzD: '\ct. i96 l, hasbeen prt:lerr-ed I i tlie Iicvenue .'s the appellart zrg ritrst the orderdt.09.05.2006 pa s, cl by the Incomc ['l'a-r ]Appellatc ['li-ibrrrraL, ]HydcrabadBench ['B'. ]Hvdcra [,tL:i, ]in LT.A.No. L0:i8 [tHyd/2004 ]for thc 1:iscsrment Yeztr2001 02. 3. CcntrzLl Elo, [-r: ]of Direct Taxcs (OBDT) has issucrl [(lir ]:ul:rr No.17 of2019 dt.08.08.2( i(,, amending th,: previous Circular '{o.i of 2018dt. I107.2018, l [r:rt]rer c'nhancing the monetary l:miLs lt, hling appealsby thc Income :-il I )cl)artment belbrc the Income Tz r A;:,p t i ate Tribunals,High Courts alcl ir. preme Court as a measure for reclrtcir g litrgatior.r. Inparagraph 2 of th r,:rid Circular, s,e find that the nLonetar\ lirrLit hxed forfiling:u-r appr:al be r:c the Fligh Court is Rs-1.00 crore. 4. ln the insta t :rppeal, ta-r effr:ct is rvcll below th I mon:tirry hmit. 5. 'lhereforc. t e aprpeal filed bl thc Department ir; disrnisr;ed in tcrms oftire alorcsaid Circ L r \o.17 of 20 ]9 dt.08.08.2019. Horvcvc', if the :rppealcomcs r,,,ithin the {,. ep,tion under Paraeraph l0 of Clrcul:r flo,3 of 2O18, it II would be open to the Income Tax Departntent to seek revival of the appealNo order as to costs 6Consequently, miscellaneous petitions pencling, if aly, shall staldclosed.closed. Sd/. C. V. MALLIKARJUNA JOINT REGISTRAR //TRUE COPY// SECTION OFFICER To, 1. The lncome{ax [Appellate Tribunal, Hyderabad ][Bench ][' ][B' Hyderabad] 2. The Commissioner [of lncome ][Tax ][, ][(Appeals)-lV, Hyderabad'] 3- The Assistant [Commissioner of lncome-Tax Circle-3(4)' Hyderabad'] 4. One CC to SRI [J.V. PRASAD, SC FOR lT ] [ ] 5. One CC to [A.V. KRISHNA ][KAUNDINYA, ][Advocate ][ ] 6. Two CD [CoPies] kam HIGH COUR'' DATED: 0910112023 JUDGMENTITTA.No.774 r 'f 2006 ITTA IS DISM SSED s'Sc\":: [,i]/') !),,,t()| , . [+ ].i.,'l ).-;(M,I;/I