The Commissioner of Income tax- IV V. M/s. Matrix Laboratories Ltd.,

ITTA/275/2019

AI Insights

The case involves an appeal by the Commissioner of Income Tax-IV, Hyderabad against M/s. Matrix Laboratories Ltd., concerning an order from the Income Tax Appellate Tribunal, Hyderabad. The appeal was based on the tax assessment for the year 2002-03. The primary legal issue was whether the appeal should be admitted given the monetary limits set by the CBDT for filing appeals. The court referenced the CBDT Circular No. 17 of 2019, which amended previous circulars to enhance monetary limits for appeals to reduce litigation. The court concluded that since the tax effect was below the prescribed limit, the appeal was not maintainable under the current guidelines.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 720108 (HC-TELANGANA)
• Appeal Type: Others
• Pronouncement Date: 29-08-2023
• Assessment Year: misc
• Laws Referred To: Income Tax Act, 1961
• Result in Favour of: Others
• Court: HIGH COURT
• Department Lawyers: DUNDU MANMOHAN
• Assessee Lawyers: B SAPNA REDDY
• Keywords: Appeal; Dismissal; Income Tax; Monetary limit
• Section: 2604

Judgement Text

"13386l IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD TUESDAY, THE TWENTY NINTH 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: 275 of 2O19 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. 938lHydl2O1O, for assessment Year 2OO2-O3 dated 02-O7- 2012 preferred against the Order of the Commissioner of lncome Tax, (APPEALS)- V, Hyderabad, ITA No.056/DC-16(2yClT(A)-Vl2008-09, dated:22-O3-2010, preferred against the Order of the Deputy Commissioner of lncome Tax Circle 16(2), Hyderabad PAN/GlR No.AADCM3491MlM-171, dated 29-08-2008. Between: The Commissioner of lncome tax- lV, Hyderabad ...AppellanURespondent AND M/s. Matrix Laboratories Ltd., Plot No.5641N22, Road No. 92, Jubilee Hills, Hyderabad - 500034 ...RespondenUAppellant Counsel forthe Appellant: SRI B. SAPNA REDDY, Learned counsel appearing on behalf of SRI J.V. PRASAD, SENIOR SC FOR TNCOME TAX Counsel forthe Respondent: DUNDU MANMOHAN The Court delivered the following: JUDGMENT 'TIII' HON'BLI,] SIII.IUSI'ICO P.SAM KOSHY ANI) .TII[. IION'I]I-E SITI .IUSTI(]E I-AXMI NARI YANA ALISHI'T'I'Y l.T.T.A. No. 275 of 2019 Jtrl)(;MIiNl'.(1rcr lton bla Sri .lusticc P.SAM KOSHy) i lcard ivls.B.Sapna Redd;,, learned counsel appcaring on behall'ol' Mr'.J ,'.Prasaci, lcamed Scnior Standing Counscl loL the appellant. l. I his appeal trnde r- Section 260.4 of the Income J'ax Act, 196 l, has hccr, Drele','.d by thc Revenue as the. appellanl against thc order I I d1.01.07.20 11 nassed bv the lnoome 1-ax Appellate Tribunal, I{ydcr-abad lJeirclr 'B'. Ilrderabad. in L1'.A.No.938/l{ydl2010 fbr thc Assessmcr-rt Year l0()2-01 :1. ('cntral lloard o1' Direct 'Iaxes (CBDI) has issued Circular No. i 7 o1'1019 dt,08.08.2019. amending rhe previous Circular No.3 ol-10 lg dt. I 1.07.20 18, by furthcr enhancing the monetary limits fbr filing appeats by the Income Tax I)cpartrncnt belore the Income Tax Appellate Tribunals. I ligh Courts and Suprerne Court as a measure for reducing litigation. In palagraph 2 o1 the said Circular, we find that the rnoneLary lirnit llxcd lbr filing an rppcal belore the IJigh Court is Rs.l.00 crore. -1 ln thc instant altpcal, tax ctl'ect is rvell bclou,the monctary lintit f*:a '. j- 2 -5. Thercfirre. the appeal ti lcci hy thc l)cpartnrcnt is d irnrisscd in t.:nrrs of the afblesaid Circuiar No.l'i ol'20i9 dt.08.0ll.l()lt). liorrc..cr'. it'tire appe.ri comes within the cxception undel paragra;rli I0 o{'Circuiar l.ltr.j ol l0 18, it r','ould be opcn to tl,e Inr:ortre 'l ar DeLrurtnrent to scck rc.;ir.,al rif thr: appeal. irr o order as to costs Consequently, miscellaneous petitions perJirrg, it rni,, stiall stand () closcd. 6. Two CD CoPies //TRUE COPY// sa'-x.sffiyt?fr[iR SECTffiI OFFICER To, kam 1. The lncome-Tax Appellate Tribunal' Hyderabad Bench' B ' Hyderabad' 2. The Commissioner of lncome Tax' (APPEALS)-V' Hyderabad' 3. The Deputy Commissioner of lncome Tax Circle 16(2)' Hyderabad' 4. One CC to SRI J'V' PRASAD' Sr SC FOR INCOME TAX [OPUC] 5. One CC to SRI DUNDU MANMOHAN' Advocate IOPUCI l { ( HIGH COURT PSK,J & LNA,J DATED:2910812023 JUDGMENT ITTA.No.275 of 2019 THE APPEAL IS DISMISSED .'! t1 5tt $j, *, -...'- .i' '.', i, it a-? a) "