Commissioner of Income Tax-III V. M/s. Virchow Laboratories Limited

ITTA/60/2008

AI Insights

The case involves an appeal by the Commissioner of Income Tax-III, Hyderabad against M/s. Virchow Laboratories Limited concerning an order from the Income Tax Appellate Tribunal, Hyderabad. The appeal was under Section 260A of the Income Tax Act, 1961, challenging the decision made for the assessment year 1997-98. The primary legal issue was the monetary threshold for filing appeals, as stipulated by recent circulars aimed at reducing litigation. The court's decision to dismiss the appeal was based on the monetary limit prescribed, which the tax effect in this case did not exceed.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 720126 (HC-TELANGANA)
• Appeal Type: Others
• Pronouncement Date: 19-08-2023
• Assessment Year: misc
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: A V KOUNDINYA
• Assessee Lawyers: B SHARMA
• Keywords: Appeal; Income Tax; Monetary limit; Circular No. 17 of 2019
• Section: 2604

Judgement Text

"[ 3386 ] IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD SATURDAY, THE NINETEENTH DAY OF AUGUST TWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE LAXMI NARAYANA ALISHETTY INCOME TAX TRIBUNAL APPEAL No: 60 OF 2008 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act, '1961 arising out of the order of the lncome Tax Appellate Tribunal, Hyderabad Bench ' B' Hyderabad, in ITA No.476/Hyd/2002 for Assessment Year 1397-98 dated:14-08-2003, preferred against the Order of the Commissioner of lncome Tax , (Appeals) lV, Hyderabad, Appeal No.306/JCS R-5/ClT(A)lV/0 1 -02,dated :1 4-03-2OO2, preferred against the Order of the Joint Commissioner of lncome Tax, (Assts.), Special Range-S, Hyderabad GIR No.V-24lSR.5/97-98 dated:28-12-1 999. Between: Commissioner of lncome Tax-lll, Hyderabad ...APPELLANT AND M/s. Virchow Laboratories Limited, Plot No.4, S.P.Co.operative lndustrial Estate, Jeedimetla, Hyderabad ...RESPONDENT Counsel for the Appellant: SRI .B NARASIMHA SHARMA Counsel forthe Respondent: SRI A.V. KRISHNA KOUNDINYA The Court delivered the following: JUDGMENT TTI .i I{ON'BLD SRI JUSTICE P.SAM KOSIT/ AND THE HON'T I,,I) SRI JUSTICI) LAXMI NARAYA]YA ALISHETTY I.T.T.A. No.6O of 2OO8 JqpqI4ENl,,,,cl f !. 't Le:;ri.Jtlsti c P.sAM KosHY) [-le:rrc Sri ]. Narasimha Sarma, lcarned coL.rrsli rrppearing for the appell.) 1t ilnd Sri 4.. '. I(risl-rna Koundinva learned coLlnseI for lhe 1rl:;p()nclent 2. 'll'ris rrppe rl under Sect-on 2604 ol th,: Incolne Tax Act, 196 1 . has beer L preferrcci 1t',' the Revenue as ihe appellant aElainst th( ot-r. 3;' dt. 14.08.20C)3 passed b1 the nccme Tax Appr:1latc lribr r a1. Hyderat>a,1 Bench 'B', II g<: errrbad, 1n ITA. No.476,'lJvcl ,':,1002 for the lssessment year 79c,7 1998 3. Ccn[rir] llr uld of Dire cr 'l'axes (CBDT) has issrLed Circular No. l7 o1'20 1!) t 08.08.2019. :Lrncnding the p;'erious Circular No.3 crl 20I 8 (lt | .O7 .2018, br, 'urther enhar cirlll tl ie rnonclary limits for frJ ng aL >r.reals br,'thc lr-rt:ome T:ux Deparr-r:t:r'.t kefore the Incotle 'la>: Agr r,, llate Triburrarls, High Courts rir.d Supreme Court as a lneas: .lle for reclucing )itigation. In parzt6;r:rplL 2 oI the said Clir<:uli r. rr lnd tl'rat Lhe ntonctarl, limil fi