Itta/104/2024 Of The Pr. Commissioner Of Income Tax- Central v. Shri. Siva Prasad Reddy Buchepalli

IN THE HIGH COURT FOR AT HYDERABAD TUESDAY, THE FIFTEENTH DAY OF OCTOBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE SRI JUSTICE SUJOY ANDTHE HONOURABLE SRI JUSTICE NAMAVARAPU [RAJE$IWAR ] INCOME TAX TRIBUNAL APPEAL NO: [104 ] Appeal Under Section 260 A of the lncome [Tax ][Act, ][1961 ][against ][order]of the lncome Tax Appellate Tribunal, Hyderabad [Bench ]['A' ], [Hyderabad ][in ][l.T.A.]No.301/Hyd/2023 ( Assessment Year 2018-19) dated [25-09-2023 ][preferred]against the order in Appeal No. [10433/2016-17llTO, ][1059712017-18 ][dated]06-12-2022 on the file the Commissioner of [lncome ][Tax ][(Appeals)-12']Hyderabad preferred against the order [of the Assistant commissioner ][of ][lncome]Tax Central-2(3), Hyderabad. Between: The Pr. Commissioner of lncome Tax- Central, [Hyderabad] ..,APPELLANT AND Shri. Siva Prasad Reddy Buchepalli, C/o [M.V. Prasad, Sanath ][and ][Rajasekhara, C.A]B-2-12OlBGt3, Krishna Sindhu Residency, [Road No.03, Banjara ][Hills, ][Hyderabad]500034 PAN No. ...RESPONDENT Counsel for the Appellant: SRI [K. ] ----Counsel for the Respondent: The Court made the following: ORDER r THE HONOURABLE SRI JUSTICE SUJOY PAUL AND THE HONOURABLE SRI JUSTICE NAMAVARAPU RAJESHWAR RAOITTA.No.l04 of 2o24 JUDGMENT (per Hon'ble Sp,J) Ms. K. Mamata, learned Senior Standing Counsel for Income TaxDepartment, for the appe alt, would submit that, in terms of central Boardof Direct Taxes (CBDT) Circular No.9 of 2024, d,ated 17.Og.2024, a1l appeals,where the tax cffect is belo'rv Rs.2,oo,o0,o00/- are requrred to be withdrawnand, as the value of the present appeal is less than Rs.2,O0,O0,OOO/_, theappellant may be permitted to withclraw the appeal. Learned SeniorStanding Counsel rvould further submit that libertv ma).be granted, in caseit were to be found Later that the subject matter of the appeal fans within theexceptions mentioned in the aforesaid Circular, to file an application forrestoration of the appeal. 2Granting iibertyassought for, the appeai is dismissed aswithdrawn. The quc,stion of law involved in this appeal rvill remain openNocosts Interlocutory applications, if any pending, shall also stald closedSd/. M. RAMANA KRISHNAM. RAMANA KRISHNARAMANA KRISHNADEPUW REGISIRAR//TRUE COPY//Sd/. M. RAMANA KRISHNAM. RAMANA KRISHNARAMANA KRISHNADEPUW REGISIRAR//TRUE COPY// Sd/. M. RAMANA KRISHNAM. RAMANA KRISHNARAMANA KRISHNADEPUW REGISIRAR b)SECTION OFFICER To, '1 . The lncome Tax Appellate Tribunal, Hyderabad Bench 'A' , Hyderabad 2. The Commissioner of lncome Tax (Appeals)-12, Hyderabad 3. The Assistant Commissioner of lncome Tax Central-2(3), Hyderabad.4. One CC to Sri K. Mamata, Advocate One CC to Sri K. Mamata, Advocate Sri K. Mamata, Advocate K. Mamata, Advocate Advocate 5, Two CD CopiesPlp/gh 4. One CC to Sri K. Mamata, Advocate One CC to Sri K. Mamata, Advocate Sri K. Mamata, Advocate K. Mamata, Advocate Advocate HIGH COURT DATED:1511012024 JUDGMENTlTTA.No.l04 of 2024 DISMISSING THE !.T.T.A.AS WITHDRAWN. rl['lq]lq lj].r--a-'r.-''I,t.$lit1\q.,\-tliiG; /