PR COMMISSIONER OF INCOME TAX-2 V. HYDERABAD RACE CLUB

ITTA/41/2018

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 under Section 260A of the Income Tax Act, 1961, concerning the assessment year 2007-08. The core issue was the monetary threshold for filing appeals, as recently amended by the CBDT in Circular No. 17 of 2019, which raised the limit to Rs. 1.00 crore. The court found that the tax effect in this case was below the specified limit, leading to the dismissal of the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 720162 (HC-TELANGANA)
• Appeal Type: Others
• Pronouncement Date: 01-08-2023
• Assessment Year: misc
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: Y RATNAKAR
• Assessee Lawyers: K MAMATA CHOUDARY
• Keywords: Appeal; Dismissal; Income Tax; Monetary limit
• Section: 260A

Judgement Text

"I ( r! t'i I I :'j I : :i ii IJ I :- r llf. i i' i'i llil i i t''l tl , tN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD i TUESDAY-{,THE FIRST DAY OF AUGUST TWO THOUSAND AND TWENTY THREE 'l: I S PRESENT ,:.. THE HONOURABLE SRI JUSTICE P.SAM KOSHY Jt-i. .r AND THE HONOURABLE SRI JUSTICE LAXMI NARAYANA ALISHETTY ,i1:. INCOME TAX TRIBUNAL APPEAL NO: 41 OF 2018 (lncome Tax Tribunal Appeal Under Section 260 A of the Income Tax Act, against the order of the Income Tax Appellate Tribunal, Hyderabad Bench ' A ', Hyderabad in ITA No 23l Hydl 2017 for assessment Year 2007-08 dated 06-04-2017 preferred against the Order of the Commissioner of Income Tax ( Appeals) 9, Hyderabad, in ITA No. O4lg/DElT, Circle 2 (2) 12015-16,ITANo. 0417'IDCIT .,Circle2(2) 12015-16,ITA No. 141S/DCIT ,Circle2 (2) I ,. . ' fl. : ! 'l 2015 016 , ITA No. 0427lDClT ., Circle 2 (2) / 2015 -16 dated 29-02-2016 preferred against '1 t . :1\",,. I c.' the Order of the Deputy Commissioner of Income tax, Circle -2 (2), Hyderabad dated 28-03- i : i; 2014inPAN/GIRNo. AAACH2773C 'Between: Pr. Commissioner Of Income Tax-2, Hyderabad ...APPELLANT/ Appellant I AND Hyderabad Race Club,'16-10-11N1, Race Course Road, Malakpet, Hyderabad ..RESPONDENT/ Respondent i. .' Counsel for the Appellant: Ms. K. MAMATA CHOUDARY Counsel forthe Respondent: SRI Y. RATNAKAR i I .- l: ti f: t .:fa 'lt It I tri t: (t' : .a -1 ir. ,i : i t I I t I t t t i I I t t The Court niade the following: ORDER ri+' TI :E HON'BLE SRI JUSTICE P.SAM KOSHY AND THE I ION'BLE SRI JUSTICE A. LAXMI NARA.''ANA I.T.T.A. No. 41 of 2018 JUDGMENT lpei H n'rle Si Jus.i&,P.SttIr I(OSI{fJ Hearcl Ms.I lllarnata, learned Senior Standing Counsel alrpearing for the appellan . 2. This :rppea L n(ler Section 260A of the Incor:re Til: r ct, 196 I , has been prcfer:-ed 1 y the Revcnuc as the appella;rt agrirrst the order dt.06.04.20 I 7 par sc cl by thc Income Tax Appellatr Trilrrrrral, Hydcrabad Bcnch 'A', li,vdt:rz li d, in I.T.A. No.23/ Hyd/2017 for the rrs,;esr;ment year 2007 08. 3. Centr:rl Eioz rd o[ Direcl. Taxes (CBDT) has issuetl C ir,;ulir No.17 of 2019 dt.08.08.2C l!), amendir.rg the previous Circula_- I'1o.3 of 2Ot8 dt.I 1.07.20l,ts, by ltrrther enhancing the monetary limirs lcl frling appeals by the Incon:t: 'I'eu I-repartment before the Income Tax Appellate Tribunals, High Courts al,l jtrpreme Court as a measure for reduc.nr1 lir.igation. in paragraph 2 of .-1t -.ai