PR. COMMISSIONER OF INCOME TAX-2 V. M/S GAYATRI AGRO INDUSTRIAL POWER LTD

ITTA/389/2018

AI Insights

This case involves an appeal by the Pr. Commissioner of Income Tax-2, Hyderabad against the order of the Income Tax Appellate Tribunal, Hyderabad Bench 'A'. The appeal was related to the assessment year 2002-2003 and challenged the decision made by the Commissioner of Income Tax Appeals-V, Hyderabad. The primary legal issue was whether the appeal met the monetary threshold required for filing under the revised guidelines set by the Central Board of Direct Taxes (CBDT) in Circular No. 17 of 2019. The court concluded that the monetary limit for filing an appeal in the High Court is Rs. 1.00 crore, which was not met in this case, leading to the dismissal of the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 685867 (HC-TELANGANA)
• Appeal Type: Others
• Pronouncement Date: 02-08-2023
• Assessment Year: misc
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Others
• Court: HIGH COURT
• Assessee Lawyers: K MAMATA
• Keywords: Appeal; Dismissal; Income Tax; Monetary limit
• Section: 260-4

Judgement Text

"[ 3386 ] IN HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAO WEDNESDAY,THE SECOND DAY OF AUGUST TWO THOUSAND AND TWENTY THREE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY AND THE HONOURABLE SRI JUSTICE LAXMI NARAYANA ALISHETTY INCOME TAX TRIBUNAL PEAL NO: 389 0F 2018 (lncome Tax Tribunal.Appeal Under Section 260-4 of the lncome Tax Act, against the order of the lncome Tax Appellate Tribunal, Hyderabad Bench 'A', Hyderabad in ITA No.014/HYD 12015, for assessment Yeat 2002-2003 dated15.11 .2017 preferred' against the Order of the Commissioner of lncome Tax Appeals-V, Hyderabad, ITA- No. 0224IDCIT Cir. 2(3)/C|T(A)-V|2O14-15, dated 18-1 1-2014, preferred against the Order of the Deputy Commissioner of lncome tax Circle 9(1), Hyderabad, PAN/GIR No.AABCG4892A dated 1 9-1 2-2008. ) Between: Pr. Commissioner of lncome Tax-2, Hyderabad. ...APPELLANT AND M/s. Gayatri Agro lndustrral Power Ltd., 8-2-34811, Flat No. '102, Flora Apartments, Road No.3, Banjara Hills, Hyderabad 500034 ...RESPONDENT Counsel for the Appellant :Ms. K. MAMATA Counsel for the Respondent :None appeared The Court made the following: THE HON'BLE SRI JUSTICE P.SAM KOSTTY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA I.T.T.A. No. 389 of 2018 JUDGMENT @ t lrott ltL:' Sri I :trrr-P.SAltI KOSHY) lleard Nls.l(.Marnata. lcarncd Senror Stirndir.rg Counsel appearing for the appellarlt. 2. This app<'al under Section 260,4 of thc lncome Ta-x Act, 1961, has been preferrccl b-1, 11'r\" Rcvcnue as thc appellant against the order clt.t5.l1.2017 passcd b thc [ncome T;r-x Appellate Triburral. Hyderabad llcnch 'A'. 'rly