The Commissioner of Income Tax -III V. M/S Venkateswara Hatcheries Ltd.,

ITTA/249/2007

AI Insights

This case involves an appeal by the Commissioner of Income Tax III, Hyderabad against M/s. Venkateswara Hatcheries Ltd. concerning the assessment year 2000-01. The appeal was directed against the order of the Income Tax Appellate Tribunal, Hyderabad Bench, which had earlier decided on the matter. The primary legal issue was the applicability of the monetary limit for filing appeals in the High Court as stipulated by the recent circulars issued by the Income Tax Department. The court referenced Circular No. 17 of 2019, which amended the monetary limits for appeals, setting the threshold for the High Court at Rs. 1.00 crore. Since the amount involved in the appeal was below this threshold, the court dismissed the appeal.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 720140 (HC-TELANGANA)
• Appeal Type: Others
• Pronouncement Date: 09-08-2023
• Assessment Year: misc
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: Y RATNAKAR
• Assessee Lawyers: J V PRASAD
• Keywords: Appeal; Assessment Year 2000-01; High Court; Income Tax; Income tax appellate tribunal
• Section: 2604

Judgement Text

"[ 3386 ] IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD WEDNESDAY, THE NINTH DAY OF AUGUST TWO THOUSAND AND TWENTY THREE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA INCOME TAX TRIB UNAL APPEAL oi 249 0F 2007 Income Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act, 1961 arising out of the order of the rncome{ax Appe[ate Tribunar, Hyderabad Bench ,A , Hyderabad, in lrA No.424lHydr2oo4, for assessment year 2000-01 dated 24-08- 2006 preferred against the order of the commissioner of rncome Tax, (APPEALS)lv, Hvderabad, Appear No.054/DC-3(4ycrr(A)-rvlo3-04,dated:03-02- 2004, preferred against the order of the Assistant commissioner of lncome Tax Circle-3(4), Hyderabad PAN/ctR No.AnnCV7247H / V_01, dated 28_03_2003. Between: The Commissioner of lncome Tax lll, Hyderabad ...APPELLANT AND M/s. Venkateswara Hatcheries Ltd., 3-5-gOg, Venkateswara House, Hyderguda, Hyderabad. ...Respondent Counsel for the Appellant: SRI J.V. PRASAD, Learned Senior Standing Counsel appearing for SRt B. NARASTMHA SARM-A Counsel for the Respondent: SRI y. RATNAKAR The Court delivered the following: JUDGMENT T TI) TION'BLE SRI JUSTICE P.SAM KOSI ' AND THE I()N'BLE SRI JUSTICE A. LAXMI NARAI'./ A 1.T.T.A. No.249 of 2OO7 JUDGMENT,i Hearrl S -r lor tlrr' :rppcllar r. 2. 'lhis ap:t r been 1;rcfcr lcr I dt.2.1.011.20()b rir Bench 'A', I lycrc l 2000 01 3. (lcn tr rl Il,r 2019 dr.08 08 2( dt. 1l 07.2O 1U. l by the Inconrc ' 'ir High Courts ancl paragrzrph 2 ol tlr hling an appr:al ;c 4. ln the in s tir 5. l'hcreforu t the alirrcsaid Cu i:r comes u'ithin tlrr: t 1;. t . ttt'ltl,'.srr .'rr:tlc. P. S.4?I I(OSHY/ I V. {)r'as:rd, lcrrrned Senior Stanc inil Ccr ns, l apl)( arrng r Inder Section 2(r0A ol the Incorr)e Tar ct 196 1. l-ras t 1hc Rer.enrr' rrs the appcllant zL5:L'rst the order ,s,rd bl tl're lrrc,rr.rc Tar: Appellat,. 'Iribu ial, Hyder abacl r:Ld, rn t.T.A No 424r'Flyd/2O04 fo the 4,.scssment Ycar r.L (,f L)lr.c[ 'l':rrt's (OBD'l) has isl,r.rcd (]: c:ultr No. l7 of L!), amcnding Lhe prcvi()us Cit cular f.io.li of 2018 fi- rt her e'nharcing the monetar], I mits irr lil ng apPeals l)ellartment bclbre the Income Te x Ap1,r: latc Tribunals, )l premc Courl as a measure for reclu.cir- 3 li:igation. In r;aid (lircular, we find that the rronetar! [in.it hxed for r:e (he High Court is Rs.1.0O crore t appczr-t, ta-r efh cL is well below th(. mo:n )t.Lr_v imit. e appcal filccl bv the Dcpartment is disrnis..cd in ternrs of Lar I'{o. l7 of 20I9 dt.08.08.2019. llorver e; . if the appeal lception unde r 1-raragraph I O of Ci: cr-rlar ;.3 of 20 I 8, it I 2 would be open to the lncome Ta_r Department to seek rerriva] of thc appcal No ordcr as to costs. 6 Consequently, misceilaleous petitions pending, if any, shall srand closed //TRUE COPY// sd/- M. VTJAYA BHA'(ER JorNr RETTRAR SECTION OFFICER To, kam NJB 1. The lncome-tax Appellate Tribunal, Hyderabad Bench ' A ' Hyderabad. 2. The Commissioner of lncome Tax , (APPEALS)IV, Hyderabad. 3. The Assistant Commissioner of lncome Tax Circle-3(4), Hyderabad. 4. One CC to SRI B. NARASIMHA SHARIVIA, SC FOR lT DEPARTMENT loPUCl 5. One CC to SRI Y. RATNAKAR, Advocate [OPUC] 6. Two CD Copies *ri I HIGH COUI I' DATED:09lt '812023 JUDGMENT !TTA.No.24S of 2002 ITTA IS DISN llISSED ^$, N' I t .-J-. '-i ,'\"1 $/ 7 11 7 tt / >- tl, "