Itta/19/2012 Of The Commissioner Of Income Tax Iii v. Sri Ravindra Varma

IN THE H,GH COURI FOR[ [3447 ]1 Ar iiirftiBrArE [oF ]TELANGANA TU EHJ TI#EU:fJST IB ?+I.ii.:Fffi,O * " PRESENT THE HONOURABLE NOURABLE SRI ANDJUSTICE P,SAM KOSHYSRI JUSTICE NARSING RAO NANDIKONDA THE HO ,NcoME TAXTRIBUNAIAPP LNO: 19 OF20122 LNO: 19 OFAppeal filed 20122orderdated under Section 260(4) of the lncome_Tax 26_06_2009 passedin lTA.No A1961 against the2000_640/Hyd/2004 preferred 2001 on the file of the lncome Tax Appellate Tribunaltorthe assessment yearagainst the Order dated j3-04_2004 Hyderabad Bench ,B,t..'! zlcrT(A)-Ul/03-04 on the fire of the Commissioner passed inAppeal No. gonrlR_Hyderabad of lncome Tax PAN/GIR preferred against the Assessment Order dated 31-03-2003 (Appeals_lll),No. R_70SiDClTlCC_lpassed inTax, Circle_ | Hyderabadon the file of the Deputy Commissioner of lncome Between: il;"?r"#T"t'oner of lncome Tax tl, rr rowers, A.c Guards, Masab Tank, AND ...APPELLANT Sri Ravindra Varma, Rasi SNasaryuna Hitls, puniagurt" "fi;,[J?l|& [11 ][and ][12. ][2nd ]Ftoor, uma Ptaza ..:RESPoNDENT Counsel for the Appeilant: Ms. Bokaro Sapna Reddy Counsel for the Respondents: Sri K. Vasant Kumar (Not present)The Court delivered the following JUDGMENT:The Court delivered the following JUDGMENT: SRI [Tlc][EP.] [ KOSTLY]'BLEANDJUST [ NAR] [ RA] THEH[ON'E][Lle][ SRI] No.190F[2012] UNAI{INCOME [T,[>(][ TRIB] MENT: [p,,. ][rr"'r'rrr ][Sri ][Jlstice ] [Sanr ][Koshql] Heard [Ms ][Bo<aro][ Sapna ][Reddy, ][learned ][Stanrling (lounsel ][for]lncome [Tax, appea:rng on ][behalf ][of ][the appellant'] 2. The instant rppeal [under ][Section ][260A of ][tht ][inccme ][Tax ][Act']1961, has been [preferred by ][the ][Revenue as ][the ][appclian- against ][the]order dated 26.O.c,.lOOg [passed ]by [the ][Income ][Ta-r ][,rip:r,,lllie ][Tnbunal.]tHyderabad "B" EJernch, Hyderahaci, in I.T.A.No.64i)11-'.idi2OA4 ior thetAssessment Year 1)r)00-0 1. 3. Central Boacl of Direct Taxes (CBDT) hers issu, .l t.-lir r:r.rlr,Lr No-,) irt'2024 dated 17.O9 ?.O21, amending the previous Cii. -- i.ri' i.Jo.l'i ol 2[t2.idated 15.03.2021 by further enhancing the monet:rr: li;ai'-s loi friinqappeals by the I [-rcome ]Tax Department befr_rrc le Incc,t-t:.: Ta.u:Appellate Tribuna. t;, High Courts a,r-r d Supreme Cou -i l.s :. rrc as,-i;:e iorreducing litigaticn. In paragraph 2 of the said Cirtul;.r, .rve ii;rd th:iithe rnonetzur lirrrir fixed for firing an appear belbrc ir,r; t-righ {)riLrrt isRs.2.00 crore t, ir:' 1\ Page 2 of 3 4. In the instant appeal, tax effect is well below the monetary limit. 5. Therefore, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2024 dated, 17.0g.2O24. However, ifthe appeal comes rvithin the exception of circular No.S 0f 2024, itwould be open to the Income Tax Department to seek revival of theappeal. No costs. 6, As a sequei, miscellaneous applicationspending if any, shallstand closed. Sd/. C.V. MALLIKARJUNA VARMA JOINT REGISTRAR //TRUE COPY// ECTION OFFICER To, 1. The lncome Tax Appellate Tribunal Hyderabad Bench 'B', Hyderabad 2. The Commissioner of Income Tax (Appeals-lll), Hyderabad. 3. The Deputy Commissioner of lncome Tax, Circle- l, Hyderabad. 4. One CC to I\4s. Bokaro Sapna Reddy, Advocate IOPUC] 5. One CC to Sri K Vasant Kumar, Advocate 6. Two CD Copies VH/nskw VH/nsk HIGH DATED: [11l01Llil0zs] JUDGMENTlTTA.No.19 [o'f ][',2012] DISMISSING [I'TTA] @,b e[5]1at t- l,l [A;]Ltli'' [-]".' 7q)2$]?5o2B [!{[q]r)(;:ID55'o"- 5;-