Itta/161/2012 Of The Commissioner Of Income Tax (Central) v. M/S. Satyam Computer Services Ltd

13447 ' IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD IVIONDAY, THE SEVENTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVETWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTIGE NARSING RAO NANDIKONDAANDTHE HONOURABLE SRI JUSTIGE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 161 OF 2012 Appeal liled under Section 260(4) of the lncome Tax Act, ['i961 ], against theorder dated 30.01.2009 passed in lTA.No. 924lHydl2007 for the assessment yearorder dated 30.01.2009 passed in lTA.No. 924lHydl2007 for the assessment year1999-2000 on the file of the lncome Tax Appellate Tribunal Hyderabad Bench [,A,]Hyderabad preferred against the Order dated 28-05-2007 passed in lTA.Nos. 0609-0611/CC-1. Hyd/ClT(A)-ll06-07 on the file of the Commissioner of lncome Tax(Appeals)-|, Hyderabad preferred against the Order dated 28-12-2006 passed inPAN/GIR No. AACCS8639Q on the file of the Deputy Commissioner of lncome Tax,Central Circle-1. Hyderabad.(Appeals)-|, Hyderabad preferred against the Order dated 28-12-2006 passed inPAN/GIR No. AACCS8639Q on the file of the Deputy Commissioner of lncome Tax,Central Circle-1. Hyderabad. Between: The Commissioner of Income Tax (Cenkal), Hyderabad .,.APPELLANT AND M/s. Satyam Computer Services Ltd-, 1-8-303/36, 1"t Floor, I\4ayfair Centre,Secunderabad.Secunderabad. ,.,RESPONDENTS Counsel for the Appellant: Ms. Bokaro Sapna Reddy,Standing Counsel for lncome Tax Counsel for the Respondent: Sri Ch. Pushyam KiranThe Court delivered the following JUDGMENT:The Court delivered the following JUDGMENT: ta THE HON'BLE SRI JUSTICE P.S"AM KOSHYAND THE HON'BX,E SRI JUSTICE NARSING &qO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No.15 10F 20L2 JUDGMENT : (per H.'n'hte Sn JusticE p.Sam Kos..y) Heard Ms.Bokaro Sapna Reddy, learned Standing Counsel lorIncome Tax, appearing on behallof rhe appellan,. 2- The instant appeal under section 260A.r the lr:,t'orne Ta-x Act,1961, has been preferred by the Revenue as the appeilant against theorder dated 30.O1_2009 passed by the Income Ta_x Appeil:Lte Tribunal,Hyderabad "A" Bench. Hyderabad, in I.T.A.No.(r2 4/Hyd/2OOT lor theAssessment Year 1 99t) 2OOO. 3' central Board of Direct Taxes (CBDT) has issued cir-cu1ar No.9 of2024 dated 17.O9.2024, amending the previous Circular N<_r.S of 2O24dated 15.o3-2024, by further enhancing the mone rary lirnils rcr filingappeals by the Income Tax Department belbrc the Ir.rcomc TaxAppellate Tribunals, High courts and supreme ()ou1-t as a *easur-e forreducing litigation. In paragraph 2 of |,e said Circuiar, ra,e find thatthe monetarSz limit fixed for firing an appear belirre the High courl isRs.2.00 crore. Page 2 of 3 4. In the irrstant appeal, tax effect is well below the monetary limit. 5. ?'hereiorr--. ihe zr1.ipeal frled by the Revenue is dismissed in termsof the zrlorcsaid Circriiar No.9 of 2024 dated 17.O9.2O24. However, ifthe appeal cornes rvithin the exception of Circular No.S of 2024, itwould be opcn to thc Income Tax Department to seek revival of theappr:al. No costs 6. As a sctiucl, rr:iscellaneous applications pending if any, shallstand closed.[ ] SD/.K.SR[INI\JASA ][ ]JINT REGISTRARSECTION /,TRUE [COPY'] To,1. The [lncome ][Tax ][Appellate Tribunal Hyderabad ][Bench ]['A' ][Hyderabad]2. The [Commissioner of lncome Tax (Appeals)-t' Hyderabad]3. The [Deputy Commis=ioner of lncome ][Tax' ][Central ][Circle-1 ][' Hyderabad']4. One [to ][Ms ][Bokaro Sapna Reddy' Standing ][Counsel ][for lncome ][Tax]loPUCj,Advocate tOPUCI5. One [to ][Sri ][Ch' ][PushYam ][Kiran'] 6. [Two CD ][CoPies] VH/PSLY< / HIGH COURT'DATED: 17lAZl2A25 JUDGMENTlTTA.No.161 of 2012 DISMISSING ITTA I,ex6, !i[,iE](1i mi m7)