Itta/120/2010 Of Commissioner Of Income Tax-I, Bangalore-1 v. M/S Gmr Projects Pvt. Ltd., Hyderabad

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE TENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYAND THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 120 OF 2010 lncome Tax Tribunal Appeal Under Section 260,4 of the lncome Tax Act,1961against the Order dated 26-09-2008 [passed ]in ITA No.10't4lHydl2o07 [for ][lhe]Assessment Year 2000-2001 on the file of the lncome Tax Appellate [Tribunal,]Hyderabad Bench 'B', Hyderabad preferred against the Order [passed ]in No.0315/2006-O7lACfi-2(3)lClT(A)-lll/07-08 on the file of the Commissioner [of]lncome Tax (Appeals)-lll, Hyderabad [preferred ]against the Order dated [26-12-2006]passed in PAN/GIR No AJqACN699BD / N-244 on the file of the AssistantCommissioner of lncome Tax, Circle - 2(3), Hyderabad. Between: Commissioner of lncome Tax-|, Central Revenue Building, Queens [Road,]Bangalore-'l . (Present authority with [jurisdiction ]over the matter [in ]the [place ][of]Assiitant Commissioner of lncome Tax, Circle - 2(3), Hyderabad.) ...Appellant and M/S GMR Projects Pvt. Ltd.,(formerly M/S [Nat ]West Consturctions [Limited,]6-2-953, Krishha Plaza, Khairathabad, Hyderabad.) and [presently ][25l'l ], [Skip]House, Museum road, Banglore -560025. ...Respondent Counsel for the Appellant : Ms. Sapna Reddy [representing]Sri J V Prasad, Sc for lncome Tax Counsel for the Respondents: Sri Challa [Nagendra Prasad] The Court delivered the follouling: Judgment I THE IIONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING ITAONANDIKONDA ITTA No.120 OF 2010 JUDGMEIII: (per Hon'ble Sri Justice P.Sam Koshy) Heard Ms. B.Sapna Reddy, leamed Junior Standing Counsel representing Mr. J.V.Prasad, leamed Senior SitandingCounsel for the Income Tax Department for the appellant. Perusedthe record- 2. Thi:; appeal under Section 260A of the Income L-ax Act,1961, has been preferred by the Revenue as the appellantagainst the order dated, 29.09.2008 passed by the Income ['l'ax]Appellate fribunal, Hyderabad Bench 'B', Hyderabad,1nI.T.A.No. I 0l 4 lHydl2007 for the Assessment Year 2000-0l 3. Centr,al Board of Direct ['faxes ](CBDT) has issued CircularNo.9 of 20?-4 dated, 17.09.2024, amending the previous CircularNo.5 of 2024 dated 15.03.2024,by further enltancing the rnonetarylimits for filing appeals by the Income Tax Department b,::fore theIncome Tax Appellate Tribunals, Fligh Courts and Suprerne Courl \I I as a measure for reducing [litigation. ][In ][paragraph ][2 ][of ][the ][said] Circular, we find that [the ][monetaly ][limit ][hxed ][for ][filing ][an ][appeal]before the High Court is [Rs.2.00 ][crore.] 4. In the instant appeal, [tax ][effect ][is well ][below ][the monetary]limit. 5Therefore, the appeal filed [by ][the ][Department ][is ][dismissed ][in]teirns of the aforesaid Circular [No.9 ][of ][2024 ][dated ][17-09.2024']However, if the appeal [cornes ][within ][the ][exceptior.r ][of ][Circular]No.5 of 2024, it would be [operr ][to ][the ][Income ][Tax ][Department ][to]seek revival ofthe appeal. [There shall ][be no ][order ][as ][to ][costs] 6. Conserquently, miscellaneous [petitions pending, ][if ][any, ][shall] stand closed. Sd/. K. SRINIVASA RAOJOINT REGISTRARECTION OFFICER //TRUE COPYII To, 1. The lncome Tax Appellate Tribunal, Hyderabad Bench 'B', Hyderabad2- The Commissioner of lncome Tax (Appeals)-lll, Hyderabad4. 3. The Assistant One CC to Sri Commissioner J V Prasad, Sc of for lncome Tax, lncome Tax, Circle - 2(3), Hyderabad5. One CC to Sri Challa Nagendra Prasad, Advocate IOPUCI6. Two CD Copies ADt(gh HIGH COURT DATED:1010212025 JUDGMENT lTTA.No.120 of 2010 DISMISSING THE ITTAWITHOUT COSTS g;ltu6.D\$ '1-= t S i.. [1t']I.q /6:,J(((,Jil 1 t, ;925C)t.::-... -l [)r--'r. ][-,^, ]_ - :;i,[, ][-'' ]' [' ][.)]