The Commissioner of Income Tax IV V. Novopan Industries Ltd

ITTA/508/2016

AI Insights

This case involves an appeal by the Commissioner of Income Tax IV, Hyderabad against the order of the Income Tax Appellate Tribunal, Hyderabad, which had previously decided on a matter concerning the assessment year 1996-1997. The appeal was dismissed by the High Court of Telangana due to the failure to meet the monetary threshold required for filing appeals in higher courts, as stipulated by the CBDT's circulars aimed at reducing litigation. The court referenced Circular No. 17 of 2019 and Circular No. 3 of 2021, which set the monetary limit for appeals at Rs. 1 crore.

• Counselvise Citation: [2023] 140 COUNSELVISE.COM (IT) 685902 (HC-TELANGANA)
• Appeal Type: Others
• Pronouncement Date: 03-08-2023
• Assessment Year: misc
• Laws Referred To: Income Tax Act
• Result in Favour of: Revenue
• Court: HIGH COURT
• Assessee Lawyers: J V PRASAD
• Keywords: Appeal; Assessment year 1996-1997; Income Tax; Litigation reduction; Monetary limits
• Section: 260-A

Judgement Text

"[ 3386 ] IN HIGH COURT FOR THE STATE QF TELANGANA AT HYDERABAD THURSDAY,THE THIRD DAY OF AUGUST TWO THOUSAND AND TWENTY THREE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY AND THE HONOURABLE SRI JUSTICE LAXMI NARAYANA ALISHETW INCOME TAX TRIBUNAL APPEAL NO: 508 OF 2016 (lncome Tax Tribunal Appeal Under Section 260-A of the lncome Tax Act, against the order of the lncome Tax Appellate Tribunal, Hyderabad Bench 'B', Hyderabad in ITA No.402lHydl2OO1 , for assessment Year 1996-'1997 dated 2O-O7 -2007 preferred against the Order of the Commlssioner of lncome Tax Appeals V Central Hyderabad, Appeal No.1 16/CC-2lClT(A)V(Cent) 1 998-1999 dated 13-O2-2OO1 , preferred against the Order of the Deputy Commissioner of lncome Tax, PAN/GIR No.N-2/CC-ll.Hyd, dated 30-03-1999.) Between: The Commissioner of Income Tax lV, Hyderabad ...APPELLANT AND [ //s. Novopan lndustries Limited, 1-'10-60/3, Suryodaya,2nd Floor, Begumpet, Secunderabad. ...RESPONDENT Counsel for the Appellant : SRl. J. V. PRASAD SC FOR INCOME TAX DEPT Counsel for the Respondent : None appeared The Court made the following: THE HON'BLE SRI JUSTICE P.SAM KOSTIY THE HON'BLE SRI JUSTICE A. LAXMI NARAYANA I.T.T.A. No. 5O8 of 2O16 .rUQ9_!4E_NI: rp., i L : t, t b k '; r ,ltlsltc( P-SAM KOSHr) Heard Sri.J.V.prasad, Iearned Sr:;tior Standing Counsel appeanng lor thc appellanr AND 2 Ih is appcrrl u ndcr Scr tion 2(t0A of the [ncome Tax Act, bccn preferrcd by the Revenue ns the appellant against