THE COMMISSIONER OF INCOME TAX-III, HYDERABAD V. STATE BANK OF HYDERABAD

ITTA/197/2006

AI Insights

This case involves an appeal by the Commissioner of Income Tax-III, Hyderabad against the State Bank of India, Gunfoundry, Hyderabad, concerning an order from the Income Tax Appellate Tribunal, Hyderabad. The appeal was filed under Section 260A of the Income Tax Act, 1961, challenging an earlier decision related to the assessment year 1998-1999. The primary legal issue was the monetary threshold for filing appeals, which has been a subject of recent amendments by the CBDT to reduce the number of litigations. The court's decision to dismiss the appeal was based on the updated monetary limits set forth in the CBDT circular, which the revenue did not meet.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 697561 (HC-TELANGANA)
• Appeal Type: Others
• Pronouncement Date: 04-01-2023
• Assessment Year: misc
• Laws Referred To: Income Tax Act '1961
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: KARTHIK RAMANA PUTTAMREDDY
• Assessee Lawyers: J V PRASAD
• Keywords: Appeal; CBDT Circular; Income Tax; Monetary limit
• Section: 260A

Judgement Text

"IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD WEDNESDAY,THE FOURTH DAY OF JANUARY TWO 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 by the 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 AND State Bank of lndia , Gunfoundry, Hyderabad (Cause title is amended as per Court Order dated 31-01-2018 in l.A.No.1 l2018in ITTA No. 197 of 2006) ...RESPONDENT Counsel for the Appellant: SRl. J V PRASAD (SC FOR INCOME TAX) Counsel for the Respondent: SRI KARTHIK RAMANA PUTTAMREDDY The Court detivered the following: JUDGMENT I N{r THE H()N'BLE THE CHIEFJUSTTCE UJJAI BHIJ!AN AND 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 'I'ax Heard It [r. .f .V.Prasad, learncd Standing (,ouns,:l for Income Depar ment appcaring for the ap)ellant and IQrthik Itamana Puttamrcddy, learncd counsel for the rcspondent. 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 the rcvenue as tlc appclllnr:rualnsr thc ordcr datt:d 18.J?.2005 passed bv the Incr:mc '['ar . pcllere i ribtrnal, Flvderatrad Rench .B,, Hyderabacl (lrrbun:r11, I. t.. .Nrr.11 /Llyd/2ttrt2 for the Ill asscssme nt r ear 1998-9() 3. Mr. .f . 11.l)rasacl, lcarrrcrl Srancling (_ounsel fairll. submits that tax effect ir this appce] is lrclou, thc rnoncrary hmit tor frling appeal. i . .,! 4. Central Board o[ Direct Taxes (CBDT) has issued Circular No.17 o[ 2019, dated 08.08.2019, amending the previous Circular No.3 of 2018, datcd 11.07.2018, by further enhancing the monctary limits for filing appeals by thc Income Tax Department before thc Incomc 'I ax , ppcllatc 'I ribunals, Iligh Courts and Supreme (iourt as a mcasurc ftrr rcducing litigation. In paragraph 2 of the said circular wc fir.rd that thc monetary limit fixed for {iling an appeal be [ore the [ [igh (.t,trrt is Ils.1.00 crore. .5. -fhercforc, thc appeal hled by the revenue is d-ismisscd in terms r.r[ the atotcsaid Circular No.17 o[ 201,9, dated 08.08.2019 Horvever, if thc appeal comes within the exception under paragraph l (-) oi (.ircular No.3 of 2018, rt would be open to thc Inct-,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. SRINIVASA RAO ASSISTANT REGISTRAR //TRUE COPY// ,L(r -r SECTION OFFICER 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 To I 4. One CC to SRl. J. V. PRASAD (SC FOR INCOME TA)() Advocate IOPUCI 5. One CC to SRl. KARTHIK RAMANA PUTTAMREDDY Aclvocate [OPUC] 6. Two CD Cr pies I J I I HIGH COURT HCJ & NTRJ DATED: 0410112023 ORDER !TTA.No.197 of 2006 DISMISSI G I'T E IT'TA WITHOUT COS ;S a ) fr i t[N ?t?3 f' ? r t1 q a ( "