Itta/115/2017 Of The Commissioner Of Income Tax v. Eci Engineering And Construction Co Ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD THURSDAY,THE TENTH DAY OF APRILTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO I.IANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 115 OF 2017 Appeal Under Section 260 A of the lncome Tax Act, 1961 aggrievedby the order of the lncome-tax Appellate Tribunal, Bench-B, [Hyderabad]dated 21-04-2011 in l.T.A-No. 12791 Hydl20'10 [( ]Assessment Year [1998-]ee) Between: The Commissioner of lncome Tax -ll, Hyderabad ...APPELLANT AND M/s. ECI Engineering & Construction Co.Ltd., Hyderabad ...RESPONDENT Counsel for the Appellant: MS. J- SUNITHA, Standing Counsel forlncome Tax Department Counsel for the Respondent: NONE APPEARED The Gourt delivered the following Judgment [:] THE HON'BLE S [P.SAM KOSHY] AND THE HON'BLE SRI [ANDIKONbA] LNo.115 OF 2Ol7INCOME TA)( TRI JUDGMENT: @e. [Hon'hte ][sn ][rusttce ][esam ][Koshlt)] Hear.: lvls.J.Sull-tha, [learned ][Stzincli'rg ][Courisel ][for ][Income ][Tax']appearing [on ][behalf of ][the ][appellant] 2. The instant appeal [under ][Section ][260A ][of ][the ][Income ][Tax ][Act']1961, has been [prcferred by ][the ][Revenue ][as ][the ][appellant ][against ][the]order datetl [2 ][1.04.20 ][11 passed ][by ][the ][Income ][Tar ][Appellate ][Tribunal']HyderabaC ["B" ][Bench, ][Hyderabad ]' [in ][I'T'A ][No'1279 ][lHydl20L0 ][for ][the]Assessmen'r [Year ][1 ][998-99.] 3.CentralBoardofDirectTaxes(CBDT)hasissuedCircularNo.9of2024 d.aled [1,7 ][.Og ][.2024, ][amending ][the ][pre ][uious ][Circuiar ][No'S ][of ][2024]dated 15.O3.2 [O2+, ][by ][further ][enhancing thc monetary ][limits for ][filing]tr1' the [Incorne ][Tax ][Deparlmer'-t ][before ][the ][Income ][Tax]appeals Appellate Tribunals, [High ][Courts ][arrl ][Supreme ][Cc'urt ][as ][a measure ][for]reducing li'.igation. [In ][paragraph ][2 of ][the said ][Circular' ][we ][find ][that]the monetary [lirnit ][fixed for flling ][arr appeal before ][the ][High ][Court ][is]Rs.2.O0 crore. \ t J Page 2 of 3 4- In the instant appeal, tax effect is well below the monetary limit. 5. Therefore, the appeal hled by the Revenue is dismissed in termsof the aforesaid Circular Nr.9 of 2024 dated 17.09.2024. However, ifthe appeal comes within the exception of Circular No.S of 2024, itwould be open to the Income Tax Department to seek revival of theappeal. No costs. 6. As a sequel, misceilaneous applications pending if any, shallstand closed. SD'.V.S.S.C.S.M. JOINT //TRUE SECTION To 1. The [lncome ][Tax] 2. [One ] [to ][Ms. ][J] 3. Two [CoPies] kul/gh'./,/r/ Appellate [Tribunal'][ Hyderabad ][Benih ][B' ][HYderabad]Sunitha,standing[Counsel ][for lncome Tax ][DePartme][nt.[oPucl] HIGH COURT DATED:1010412025 JUDGMENTITTA.No.115 of 2017 444g7/1// DISMISSING THE ITTAWTHOUT COSTS