Itta/122/2015 Of The Commr Of Income Tax-Vi, Hyderabad v. M/S Suguna Motors Pvt Ltd., Warangal

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD IVIONDAY, THE TWENTY FOURTH DAY OF MARCHTWO THOUSAND AND TWENTY FIVETWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA lTTA.No: 122 OF 2015 lncome Tax Tribunal Appeal under Section 2604 of the lncome Tax Act, ['1961]against the order dated 12-02-2014 for Assessment Year 2000-01 inlTA. No.1212lHydl2009 on the file of the lncome Tax Appellate Tribunal, Bench 'A'Hyderabad.Between:Hyderabad.Between: The Commissioner of lncome{ax-Vl, Hyderabad ...AppellantANDM/s Suguna Motors Pvt Ltd., 15-1-59/1, Opp. Govt Polytechnic, Autonagar'X'Road, Warangal. ...Respondent Counsel forthe Appellant: Ms. B. Sapna Reddy, Junior Standing Counselrepresenting Mr. J.V. Prasad, Senior Standing Counsel for lncome Taxrepresenting Mr. J.V. Prasad, Senior Standing Counsel for lncome Tax Counsel for the Respondent: None AppearedThe Court delivered the following: JUDGMENT THE HONOURABLE [JUSTICE P'SAM ] ANDTIIE HONOURABLE NANDIKONDA ITTA No. 1[22 ][0B ][2015] JUDGMENT[ (per ][Hon'ble ][Sri ][Justice ][P.Sam ][Koshy)] Heard Ms. [B.Sapna ][Reddy, ][learned ][Junior ][fitanding] Counsel [representing ][Mr. ][J.V'Prasad, learned ][Senior ]['Standing]Counsel [for the ][Income ][Tax ][Department ][for ][the ][appellant' ][Perused]the record. This appeal [under ][Section ][260,{ ][of ][the ][Incorne ][Tax ][Act']1961, has [been ][preferred ][by ][the ][Revenue ][as ][the ][appellant]against the order [dated 12'02'2014 ][passed ][by ][the ][In<;ome ][Tax]lnAppellate ['tribunal, ][Hyderabad ][Bench ]['A" ][Hydr:rabad']I.T.A.No.1212lHydl2OO9 [for ][the ][Assessmdnt ][Year ][2000-01']3. Central Board [of ][Direct ][Taxes ][(CBDT) ][has ][issued ][Circular]No.9 of 2024 [date<\ ][17.09.2024, ][amending ][the ][previous Circular]No.5of2024datedl5.03.2024,byfurtherenhancingtht:monetarylimits for filing [appeals ][by the Income ]['Iax ][Department before ][the]lncome Tax [Appeltate ][Tribunals, ][High ][Courts and ][Supreme ][Court] 2 (( as a measure for reducing litigation In paragraph 2 of the said Circular, we find that the monetary Iimit fixed for filing an appealbefore the High Court is Rs.2.00 crore. 4In the instant appeal, tax effect is well below the monetarylimit.limit. 5. Therefore, the appear filed by the Department is dismissed interms of the aforesaid Circular No.9 of 2024 dated 17.09.2024.However, if the appear comes within the exception of circularNo.5 of 2024, it would be open to the Income Tax Department toseek revival of the appeal. There shall be no order as to costs. 6. Consequently, miscellaneous petitions pending, if any, shallstand closed SD/- K. SRINIVASA RAOJOINT REGISTRARG:SECTION OFFICER //TRUE COPYII To,1 Ihe [tlgomg ][Tax ][Appeilate.Tribunat, ]Bench [,A ]Hyderabad3 ?,13 33l%Y,:.'" Prasad s"n;oibt*alng';;J;;, ror rncome rax ropUCJKam/gh (r l- \i t\ HIGH DATED:2410312025 IiIII .. l)t,,i' r-)1-JUDGMENTIv10 il]t 2025lIlTTA.No.122 [ot ][2015]* DISMISSING THE APPEAL R+-L'-rr{hI