Heard v. B.sapna Reddy, Leamed Junior Standing

IN THE HIGH COURT FOR AT HYDERABAD TUESDAY, THE EIGHTEENTH DAY TWO THOUSAND AND PRESENT THE HONOURABLE SRI JUSTICE [P.SAM KOSHY]ANDTHE HONOURABLE SRI JUSTICE INCOME TAX TRIBUNA L APPEAL [NO: ][428 ] [2012] lncome Tax Tribunal Appeal Under [Section 260A ][of ][the ][lncome Tax ][Act,196'1]against the Order dated 26-06-2009 [passed ][in ] [No,961/Hyd/2008 ][for ][the]Assessment Year 2005-2006 on [the ][file ]of [the ][lncome ][Tax ][Appellate ][Tribunal,]Hyderabad Bench ['B', ]Hyderabad [preferred against ][the ][Order dated ]['1 ][4-03-2008]passed in ITA No.0566 to O571tCC'7, HYD/ClT(4)-1106-07 on [the ][file ][of ][the]commissioner of lncome Tax [(Appeals) ][- ] , [Hyderabad preferred against ][the ][order]dated 28-11-2006 [passed ]in GIR/PAN [No.AAIPY ][5604 ] [5-722 ][on the ftle of the]Assistant Commissioner of lncome Tax, [central Circle ]- [7, ][Hiderabad.] Between:Commissioner of lncome Tax [-lll, ]lT [Towers, ] [Guards, Masab ][Tank,]Hyderabad. ...Appella nt AND Y. Shivalinga Prasad, Plot No. 101, [Colony, Road ][No. ]['10C' ][Jubilee]Hills. Hyderabad. ... Respondent Counsel for the Appellant : Ms. Bokaro [Sapna Reddy representing] Sri J V Prasad, Sc for lncome Tax Counsel for the Respondent : Sri [Krishna ][Reddy] The Court delivered the following: [Judgment] \ .$ THE HONOURABLE SRI JUSTICE P.SAM KOSHYANI)THE HONOTIRABLE SRI JUSTICE NARSING RAONANDIKONDA ITTA No.428 OF 2012 JUDGMENT /per Hon'ble Sri.lustice P.Sam Koshy) Heard Vs. B.Sapna Reddy, leamed Junior Standing Counsel repre:;enting Mr. J.V.Prasad, learned Senkrr StandingCounsel for thc Income Tax Department for the appellant. Perusedthe lecord 2. This appeai under Section 260A of the Incc,me Tax Act,1961, has ber:n preferred by the Revenue as :he appellantagainst the orrler dated 26.06.2009 passed by the [ncome TaxAppellate l-ribunal, Hyderabad Bench 'B', H.rderabad,lnI.T.A.No.96 l/liYD/2008 for the Assessment Year 2005-06.3. Central floard of Direct Taxes (CBDT) has issued CircularNo.9 of 2024 dated 11 .09.2024, amending the previous CircularNo.5 of 2024 dated 15.03.2024, by further enhancing the monetarylimits for filing appeals by the Income Tax Department before theIncorne Tax Appellate Tribunals, High Courts and Strpreme Court as a measure [for ][reducing ][litigation' ][In ][paragraph ][2 of ][the ][said]Circular, [we ][find ][that ][the ][monetary ][limit ][fixed for frling ][an ][appeal]before the [High Court ][is ][Rs.2'00 ][crore'] 4In the instant [appeal, ][tax effect ][is ][well ][below ][the ][monetary]limit 5. Therefore, the [appeal ][filed by ][the Department is dismissed in]terms of [the ][aforesaid ][Circular ][No'9 ][of ][2024 ][dated ][17'09'2024']if [the ][appeal comes ][within ][the ][exception ][of ][Circular]However, No.5 of 2024, [\t ][would ][be ][open ][to ][the Income ][Tax ][Department ][to]seek revival [ofthe ][appeal. ][There ][shall ][be ][no order ][as ][to ][costs'] 6Consequently, [miscellaneous ][petitions pending, ][if ][any' ][shall]stand closed. sD,-M.vuAYAEs,t?ffifi /,TRUE ECTION To, 12.+[ 8:ffi:Jil:rui [i'f:: ][J: ][itr ][l^[ffi3f ]I ].f, l#;i'l * [*1",,.]iillX'Jr.il"ic?Tli"1","'{":Lrli""J;li:,::8[Ui'2.+[ 8:ffi:Jil:rui [i'f:: ][J: ][itr ][l^[ffi3f ]I ].f, l#;i'l * [*1",,.]iillX'Jr.il"ic?Tli"1","'{":Lrli""J;li:,::8[Ui'4One CC [to ][Sri ] [Prasad' ][t]Ad'o""te 6one CC [to ][Sri B ][Krishna ]""ddy' oTwo CD [CoPies]6one CC [to ][Sri B ][Krishna ]""ddy' oTwo CD [CoPies] ADt(PSLw HIGH COURT DATED:1810212025 JUDGMENTITTA.No.428 of 2012 DISMISSING THE ITTAWITHOUT COSTS Iag('Aktt e[lrr ] [s][ 14]46f'17 APt. M.Ctt-{rae rcHzo[+]