Itta/130/2012 Of Commissioner Of Income Tax-Iii, It Towers v. M/S. Crescent Real Estates

{.,'! tN THE HIGH COURT FOR THE STATE AT HYDERABADTUESDAY, THE EIGHTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENW FIVE PRESENT THE HONOURABLE SRI JUSTICE P"SAM ANI)THE HONOURABLE SRI JUSTICE INCOME TAX TRIBUNAL APPEAL [NO: ][130 OF ][2012] Appeal filed under Section [260(A) of ][the ][lncome.Tax ][Act., ][1961, against ][the]order dated 13.05.2011 [passed ][in ][lTA.No. 494/Hydl2010 ][for the ][assessment ][year]2006-2007 on the file of the [lncome Tax Appellate Tribunal ][Hyderabad ][Bench ]['B']Hyderabad [preferred ]against [the order ][dated ][26.02.2010 ][passed ][in ][lTA.No.]o126tClT[A]-lll/08.09 [on ][the ][file ][of the ][commissioner ][of ][lncome ][Tax ][(Appeals)-lll,]Hyderabad preferred against [the ][Assessment ][order ][dated ][26.12.2008 ][passed ][in]PAN/GIR No. AAEFC-1296-N [on ][the ][file ][of ][the Joint commissioner ][of ][lncome ][Tax,]Range-8, HYderabad. Between: Commissioner of lncome [Tax-lll, ][lT ][Towers, A.C. Guards, ][Hyderabad] ...Appellant AND lvl/s. crescent Real Estates, [9-4-771N2361A, ][41-Hasmath colony ][Lane ][beside]Bandhan Function Hall, [Tolichowki ][Hyderabad] ...ResPondent Counsel for the [Appellant ][: ][Ms. ][B. ][Sapna Reddy ][Standing. ][Counsel]representing Mr. [J.V. ][Prasad ][Senior]Standing Counsel [for the ][lncome ][Tax]Department Counsel for the Respondent [: ][Sri ][Dantu ][Srinivas] The Court delivered the [following:] .d HONOURABLE [JUSTICE P'SAM KOSHY]ANDrHE HoNoIIRABLE [sRi ][Jusrrcn ] [RAo]NANDIKONDA ITTANo.[ 130 ][0][F][ 2012] JUDGMENT': [/Pct ][Hon 'ble ][Sri ][Justice P.Sam ][KoshY)] Heard [Ms' ][B'Sapna ][Reddy' ][leamed ][Junior ][Standing]Counsel [representing ][Mr' ][J'V'Prasad' ][leamed ][Senior ][Standing]Counsel [for ][the ][lncome ][Tax ][Department ][for ][the appellant' ][Perused]the record' This appeal [under Section ][260,{ ][of ][the ][Income ][Tax ][Act']1961, has [been ]Preferred [bY ][the][ Revenue ][as ][the ][aPPellant]against [the ][order dated ][13'05'2011 ][passed ][by ][the ][Income Tax]Appellate [T'ribunal, Hyderabad ][Bench ]['B" ][Hyderabad' ][in]I.T.A.No.494/HYD/2010 [for ][the Assessment ][Year ][2006-07 ]['] ) 3.CentralBoardofDirectTaxes(CBDT)hasissuedCircularNo.9 of [2024 ][dated ][l7'Og'2024' ][amending ][the ][previous Circular]No.5 [of ][202'1 ][dated ][15'03'2024' by further ][enhancing ][the ][monetary]timits for [filing ][appeals ][by ][the Income Tax Department ][before the]Income [Tax ][Appellate Tribunals, ][High ][Courts ][and ][Supreme ][Court]\ \ tI as a measure for reducing [litigation. ][ln ][paragraph ][2 ][of ][the ][said]Circular, we find [that the ][monetary ][limit ][fixed ][for fiting ][an ][appeal]before the High Court [is Rs.2.00 ][crore.] 4. In the instant appeal, tax [effect is ][well ][below ][the ][monetary]Iimit. 5. Therefore, the appeal frled [by ][the ][Department ][is ][dismissed in]terms of the aforesaid Circular [No.9 ][of ][2024 ][dated 17.09'2024']However, if the appeal [comes ][within ][the ][exception ][of ][Circular]No.5 of 2024, it would [be open ][to ][the ][Income ][Tax ][Department to]seek revival ofthe appeal. [There shall ][be ][no ][order ][as ][to ][costs.] 6. Consequently, miscellaneous [petitions pending, ][if ][any, ][shall]stand closed. Sd/. K. SRINIVASA INT REGISTRARSECTION OFFICER //TRUE COPY// o 1. The lncome [Tax ][Appellate Tribunal Hyderabad ][Bench ]['B' ][Hyderabad] 2. TheCommissioner [of ][lncome Tax ][(Appeals)-lll, ][Hyderabad'] 3. The Joint [Commissioner ][of ][lncome Tax, Range-8' Hyderabad'] 4. One CC to Ms. [B. ][Sapna ][Reddy ][Standing Counsel ][ 5. One CC to [Sri ][Dantu Srinivas, ][Advocate ] ] 6. Two CD [CoPies] DL/gh% d?: [!] d?: Ls. a HIGH COURT DATED:18/0212025 ORDER t- ::. [lTTA.No.130 ][of ][2012] DISMISSING TFlE ITTA. €'t-<,-b. ,ff..tHf [STe]6(o(.)2 4 fiAB 2025I)tF\oar^rr('