Itta/177/2015 Of The Commr Of Income Tax-Ii, Hyderabad v. M/S Gvk Biosciences Pvt Ltd., Hyderabad

HIGH COURT FOR THE STATE OFtELANGANA AT HYDERABADMONDAY ,THE TWENTY FqIURTH DAY OF MARCHTWO THOUSAND AND TWENry FIVE PRESENT THE HONOURABLE SRI JI,]ISTICE P.SAM KOSHYTHE HoNoURABLE sRI JUSTII8INARSING RAO NANDIKONDA INCOME TAX TRIBUNALPEAL NO: 177 OF 2015 lncome Tax Tribunal Appeal Under Sdtction 2604 of the lncome Tax Act,'1 96 1against the Order dated 02.08 2013 pas!ted in ITA NO.215lHyd/2012 for theAssessment Year 2005-2O06 on the file Qf the lncome Tax Appellate Tribunal,Hyderabad Bench'B', Hyderabad. Between: THE COMMR OF INCOIUE TAX-II, H DERABAD, Hyderabad ..APPELLANT AND M/S GVK BIOSCIENCES PW LTD.,HYDERABAD, [210, ][6-3-1192,]-Kundanbagh Begumpet, Hyderabad $00 [016]-Kundanbagh Begumpet, Hyderabad $00 [016] ..,RESPONDENT Counsel for the Appellant: SRI J V PRAD (SC FOR TNCOME TAX) Counsel for the Respondent: SRI Y RATAKAR The Court made the following: JUDGMEN \ THE HONOURABLE [P.SAM ] ANDTHE HONOURABLE NANDIKONDA ITTA No.l77 OF [2015] JUDGMENT[(per ][Hon'ble ][Sri ][Justice ][{' ][Sam Koshy)] Heard Ms. J. Sunitha, [leamed ][Junior ][Standing ][Counsel]Mr. [P. Murali ][Krishna, leamed Senior ][Standing]representing Counsel for the [lncome ][Tax ][Department ][for ][the ][appellant']Perused the record. This appeal under [[Section 2604. ][of ][the ][Income ]][[of ][the ][Income ]][[the ][Income ]][[Income ]][[Tax ][Act']][[Act']] 2. This appeal under [[Section 2604. ][of ][the ][Income ]][[of ][the ][Income ]][[the ][Income ]][[Income ]][[Tax ][Act']][[Act']]1961, has [been preferred ][by ][the ][Revenue ][as ][the ][appellant]against the order [dated ][02.08.2011i ][passed ][by ][the ][Income ][Tax]Appellate Tribunal, [Hyderabad ][Bench ]['B', ][Hyderabad' ][in]I.T.A.No.2l5lHydl2}l2 [for the ][Assessment ][Year ][2005-06'] 3. Central Board of [Direct ][Taxes ][(CBDT) ][has issued ][Circular]No.9 of 2024 dated [17-09.2024' ][amending ][the previous Circular]No.5 of 2024 dated 15.03.2024, [by further ][enhancing the monetary]limits for hling appeals [by ][the lncome ][Tax ][Department ][before ][the]Income Tax [Appellate Tribunals' High ][Courts and ][Supreme ][Court] as a measure lor reducing litigati n. In paragraph 2 of the saidCircular, we find that the monearyl limit fixed for filing an appealbefore the High Court is Rs.2.00 cr redI 4. In the instant appeal, tax eIimit. ct is well below the monetarv 5. Therefore, the appeal filedthe Department is dismissed interms of the aforesaid Circular N 9 of +2024 d,ated 17.09.2024.However, if the appeal comes win the exception of CircularNo.5 of 2024, it would be open toe Income Tax Department toseek revival of the appeal. ThereI be no order as to costs. 6. Consequently, miscellaneous pgtitions pending, if any, shall stand closed. SD/. MOHD.ISMAILDEPUW REGISTRAR //rRUE CqPYII SECTION OFFICER To, 1. The lncome Tax Appellate Tribunal, Herabad Bench 'B', Hyderabad 2 One CC to SRl. J V PRASAD [(SC ]FOIR INCOME TAX) Advocate 3. One CC to SRl. Y RATNAKAR Advocfte 4. Two CD Copies TPK/PSL HIGH COURT DATED:2410312025 JUDGMENTlTTA.No.177 ot 2015 ITTA IS DISMISSED o.dafta" -- i-\(o22 tljs zffi,.11,.,!\: It