Itta/15/2024 Of Principal Commissioner Of Income Tax-4 v. M/S Pragati Green Meadows And Resorts Pvt Ltd

:l t [3411 ]1 IN THE HIGH COURT FORo, xiJgnl?rffE [oF ] MONDNY,THE TWENTY FIRST DAY OF OCTOBERTWo rHousAND AND rwrrurv r6J [' ][vu,-,\] PRESENT THE HONOURABLE SRI JUSTICE SUJOY PAUL THE HoNoURABLE SRI,,.,,"I[?,AVARAPU RAJESHWAR RAo rNcoME TAX TRIBUNAL APPEAL NO: 15 0F 2024 m.f,ffi,:Nffififfti'#J$iffi Between: Principal Commissioner of lncome Tax-4, Hyderabad AND ...Appella nt( Al;;"'"jlnll ff::t J::TjH,s# [Resorts ][Pvt]Ltd, 271tA, Road No.10, ...Respondent Counsel for the Appellant :Sri J.V. Prasad, Sr. SC for lncome TaxCounsel for the RespondentNone appearedThe Court delivered the following: JUDGMENT Sri J.V. Prasad, Sr. SC for lncome Tax THE HONOURABLE SRI JUSTICE SUJOY PAUL AND THE HONOURABLE SRI .IUSTICE NAMAVARAPU RAJESHWAR RAO ITTA.No.15 of 2o24 JUDGMENT (per llort'ble SP,J) Sri J.V.Prasad, learned Senior Standing Counsel for Income TaxDepartment, for the appellant, would submit that, in terms of Central Boardof Direct Taxes (CBDT) Circular No.9 of 2024, dated 17.O9.2O24, all appeals,where the tax effect is below Rs.2,OO,OO,000/- are required to be withdrawnand, as the value of the present appeal is less than Rs.2,OO,0O,OO0/-, theappellant may be permitted to withdraw the appeal. lrarned SeniorStanding Counsel would further submit that liberty may be granted, in caseit were to be found later that the subject matter of the appeal falls within theexceptions mentioned in the aforesaid Circular, to lile an application forrestoration of the appeal. 2. Granting liberty as sought for, the appeal is dismlssed aswithdrawn. The question of law involved in this appeal will remain open. Nocosts. Interlocutory applications, if aly pending, sha-ll also stand closed.Sd/. M. RAMANA KRISHNARAMANA KRISHNADEPUry REGISTRAR//TRUE COPY// Sd/. M. RAMANA KRISHNARAMANA KRISHNADEPUry REGISTRARtlI .\,, .SECTION OFFICER To, 1.The lncome Tax Appellate Tribunal, Hyderabad Benches "8", Hyderabad2.The Commissioner of lncome Tax (Appeals)-V, Hyderabad.2.The Commissioner of lncome Tax (Appeals)-V, Hyderabad.J-The Assistant Commissioner of lncome Tax Circle 16(3), Hyderabad.4.One CC to Sri J.V. Prasad, Sr. SC for lncome Tax, Advocate 5.Two CD CopiesNjb/ghw5.Two CD CopiesNjb/ghw / I HIGH COURT DATED:21 11012024 JUDGMENT lTTA.No.15 of 2024 DISMISSING THE ITTAAS WITHDRAWNAS WITHDRAWN +[csu\]w6$,( 'r'1 r{F- [slA,](o30 0E[ iiC.tt)Fstral I