Andm/S. Vijai Electricals Limited, Plot v. Prasad, Senior Standing Counsel For The Income Taxdepartment

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAO THURSDAY, THE TWENTIETH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No: 334 ot 2012 lncome tax Tribunal Appeal under Section 260-4 of the lncome tax Act, 1961,against the Order of the lncome Tax Appellate Tribunal, Hyderabad Bench B,Hyderabad in ITA No.B45/Hyd/2009 for Assessment Year 2006-2007 daled 22-07-2011, preferred against the Order of the Commissioner of lncome Tax (Appeals) lV,Hyderabad dated 29-04-2009 in Appeal No. 355iAddk.C|T/R-3/ClT(A)-lVi08-09,preferred against the Order of the Additional Commissioner of lncome Tax, Range-3,Hyderabad daled 17-12-2008 in PAN/GlR No.AAACW2S9B. Between: The Commissioner of Income Tax-lll, l.T. Towers, A.C. Guards, Hyderabad. ...Appellant ANDM/s. Vijai Electricals Limited, Plot No. 28, lndustrial Development Area,Balanagar, Hyderabad. ...Respondent Counsel for the Appellant: Ms. B. Sapna Reddy, Standing Gounselrepresenting Mr. J. V. Prasad, Senior Standing Counsel for the Income TaxDepartment Counsel for the Respondent: Mr. A.V.A. Siva Kartikeya The Court delivered the following: JUDGMENT tI THE ITONOURAI}LE SRT JUSTICE P.SAM KOSIIYANDTHE HONOTIRABLE SRT JUSTICE NARSTNG IIAONANDIKONDA iTTA No.334 OF 2012 .IUDGMENl . ttrr l{on'ble,\ri .lustitc P.Sam Ko.th.,) Heard Ms. B.Sapna Reddy, learned Junior StandingCounsel representing Mr. J.V.Prasad, learned Senior StandingCounsel for ihe Income Tax Deparlment for the appellant andSri A.V.A.Siva Kartikeya, learned counsel for the respondentPerused the record. 2. 'lhis appeal under Section 260.4 of the Income 'l-ax Act,1961, has been preferred by the Revenue as the appellantagainst the order dated 22.07.2011 passed by the Income TaxAppellate Tribunal, Hyderabad Bench 'B', Hyderabad, inI.T. A. No. 84-s/I1y dl 2009 for the Assessment Year 200 6-07 .3. Cenh'al Board of Direct Taxes (CBDT) has issued CircularNo.9 of 2024 dated 17.09.2024, amending the previous CircularNo.5 of 202.1 dated 15.03.2024, by further enhancing rhe monetarylimits for filing appeals by the Income Tax Departmenr before the , , I 1 Income Tax Appellate Tribunals, High Courts and Supreme Courtas a measure for reducing litigation. In paragraph 2 of the saidCircular, we find that the monetary limit Ilxed for filing an appealbefore the I{igh Court is Rs.2.00 crore. 4. In the instant appeal, tax effect is well below the monetarylimit.5. Therefore, the appeal filed by the Deparlrncnt is dismissed intenns of the aforesaid Circular No.9 of 2024 daled 17.09.2024.However, if thc appeal comes within the exccptior.r of CircularNo.5 of 2024, ir would be open to thc lrtcorne Tax Department [to]seek revival ofthe appeal. There shall be no order [as ]to costs.6. Consequcntly, miscellaneous petitions pending, if any, shallstand closed. Sd/. K. SRINIVASA JOINT REGISTRAR //TRUE COPY// ECTION OFFICER To 1. The lncome Tax [Appellate ][Tribunal' ][Hyderabad ][Bench ][B, Hyderabad'] 2. The Commissioner [of ][lncome ][Tax ][(Appeals) lV, Hyderabad'] 3. The Additional [Commissioner of lncome Tax, Range-3, Hyderabad']4.OneCCtoMr.J.V.Prasad,seniorStandingCounselforthelncomeTaxDepartment 5. One CC to tvir. [A.V.A. ][Siva ][Kartikeya, ][Advocate ][ ] 6. Two CD CoPies kanr/PIt \ I HIGH COURT DATED:20102t2025 .--.lir\c\1st\PH?[,haJUDGMENT)t',ITTA.No.334 of 2012 DISMISSING OFTHE APPEAL 4 (