Itta/120/2012 Of The Commissioner Of Income Tax Iv v. Nyse Infrastructure (P) Ltd

-Jf' IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD .I\4ONDAY, THE SEVENTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO:120 OF 2012 Appeal filed under Section 260(4) of the Income-Tax Act, against the orderdated. I 1-O2-2O11 passed in lTA.No.1343/H 1201O for Assessment year 2OO7 -2OOgon the file of the lncome Tax Appellate Tribunal Hyderabad Bench 'B', Hyderabadpreferred against the Order dated: 06-08-2010 passed in ITA No..l47lDC-16(1)/C|T(A)-V 12009-10 on the file of the Commissioner of tncome Tax (Appeals)-V,Hyderabad preferred against the Assessment Order dated_ 16-11'2009 passed inPAN/GlR No. AABCN6363III on the file of the Deputy Commissioner of lncome Tax,Circle-16(1 ), Hyderabad. Between: The Commissioner of lncome Tax IV, Hyderabad ...APPELLANT AND Nyse lnfrastructure (P) Ltd.,, 14, Avenue-14, Banjara Hills, Hyderabad. ..RESPONDENT Counsel for the Appellant: Ms. BOKARO SAPNA REDDY, S.C. FOR l.T.Counsel for the Respondent: ----- The Court delivered the following: JUDGMENT I TIIE HON'BLE SRI JUSTIC KOSIIYAND THE HON'BLE SRI JUSTICE NARSING [R&O XANDIKQNDA] INCOME TAX TRIBUNAL APPEAL [No.12S ] [rr)12] JUDGMENT: (per lron ble Sn Justice P.Satn Koshy) Heard Ms.Bokaro Sapna Reddy, learned [Star-rciing ][Counsel ][for]Income Tax, appr:aring on behalf of the appellarrt. 2. The instant appeal under Section 260,4 oi [1i-re ][Inccime ][Tax ][Act,]1961, has been preferred by the Revenue as the ai"'pe:l1ant [against the]order dated 11.02.2011 passed by the Income Tax [Appellate ][Tribunal,]Hyderabad "B" Bench, Hyderabad, in I.T.A.No.13 [43lHydl2OlO ][for ][the]Assessment Year 2OO7 -OB- 3. Central Board of Direct Taxes (CBDT) has issued Circrular [No.9 ][of]2024 dated 17 -O9.2024, amending the [previotr". ]Cilcular [No.5 ][of ][2O24]dated 15.O3.2O24, by further enhancing ttle [mooclary ][lirnits ][for ][filing]appeals by the Income Tax Department befirre ti)e lncome [Tax]Appellate Tribunals, High Courts and Supreme [(lcurt ]as; z'. rtreasur:e forreducing litigation. In paragraph 2 ol the said e lrcular we find thatthe monetar5r limit fixed for hling an appeal be{bre the High Court isRs.2.OO crore. . _.. l I Page 2 of 3 4. In thc iiisl-:irrt al)peal, tax effect is [well ]below the monetar5r limit. 5. Thcreforc, the appeal Iiled by the [Revenue ]is dismissed in termsof the aforesarci [Circtlar ][No.9 ][of 2024 ][dated ][17.O9.2O24. ][However, ][if]the appeal [comes ][u.ithin the ][exception ][of ][Circular ][No.S ][of ][2024, ][it]would [be ][oper: ][to ][the ][Income ][Tax ][Department ][to ][seek ][revival ][of ][the]appeal. [No costs-] 6, As ii sr:r1uei, rliscellaneous applications [pending ]if any, [shall]star-rci cioseri Sd/- K. SRINIVASA RAOINT REGISTRARECTION OFFICER //TRUE COPY// To,'l . The lncome Tax Appellate Tribunal Hyderabad Bench 'B', Hyderabad2- The Commissioner [qf lncome Tax (Appeals)-V, ][Hyderabad]3. The Deputy Commissi'oner of [lncome Tax, ][Circle-l6(1), ][Hyderabad]4. One CC to SriJ. [V. ][Prasad, ]S.C. [for ][lncome Tax, ] 5. Two CD CoPiesPlp/ghYA- I HIGH COURT DATED:1710212025 JUDGMENTlTTA.No.l20 of 2012 DISMISSING THE APPEAL. 1.ovfe6t{,\(:6{uc.i 1HESI,q /(l(z(.)16 APB 2Mtt