Itta/193/2010 Of The Commissioner Of Income Tax-Iii v. M/S. Saket Engineers Pvt. Ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERA,BAD t- MONDAY, THE TENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYAND THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAx TRIBUNAL APPEAL NO: 193 OF 2010 Appeal filed under Section 260(4) of the lncome-Tax Act, against the orderdated. 08-02-2008 passed in lTA. No.1 182lHydl2OO5 (Assessment year 2002-03) onthe file of the lncome Tax Appellate Tribunal Hyderabad Bench ['A', ]Hyderabadpreferred against the Order dated: 30-09-2005 passed in Appeal No.6/DCIT-3(1)- [/ClT(A)-lV/05-06) ][on ][the ][file ][of ][the ][Commissioner ][of ][lncome ][Tax ][(Appeals)-lV,]Hyderabad preferred against the Assessment Order dated: 31-01-2005 passed inPAN/GIR No. AAFCS3079[</SA-43 on the file of the Deputy Commissioner oflncome Tax. Circle-3(1). Hyderabad. Between: The Commissioner of lncome Tax-lll, l.T. Towers, A.C.Guards Masab Tank,Hyderabad ...APPELLANT AND M/s. Saket Engineers Pvt. Ltd,,, 1-31lA, Saket, Kapra, ECIL Post, Hyderabad-62 .,.RESPONDENT Counsel for the Appellant: Ms. B. SAPNA REDDY, JUNIOR S.C. REP. FORMr. J.V.PRASAD, SENIORS.C. FOR INCOME TAX DEPARTMENT Counsel for the Respondent: SRI K. VASANTKUMAR The Court made the following: JUDGMENT 1 TIIE, HONOURABLE SRI.IUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAONANDIKONDA ITTA No.l93 OF 2010 JUDGMEN'l : tttt'r Ht,n hlc Sri .tusrictt P.Stm Koshyt Heard Ms. B.Sapna Reddy, learned Junior StandingCounsel representing Mr. J.V.Prasad, leamed Senior StandingCounsel representing Mr. J.V.Prasad, leamed Senior StandingCounsel for the Incorne Tax Departrnent for the appellant. perusedthe record.2. This appeal under Section 260A of the lncome Tax Acr,1961, has been preferred by the Revenue as the appellantagainst the order dated 08.02.2008 passed by the Income Taxthe record.2. This appeal under Section 260A of the lncome Tax Acr,1961, has been preferred by the Revenue as the appellantagainst the order dated 08.02.2008 passed by the Income TaxAppellate l'ribunal, Hyderabad Bench [.A', ]Hyderabad, inI.T.A.No. I lS2lLIyd/2005 for the z\ssessment year 2OO2-03.3. Central Board of Direct ['laxes ](CBDT) has issued CircularNo.9 of 2024 dated 17.09.2024, arnending the previous CircularNo.5 of 202.1 dated 15.03.2024, by further enhancing the monetarylimits for filing appeals by the Incorne Tax Department before theIr1*" Tax Appellate Tribunals, Fligh Courts and Sipreme Court,/I.T.A.No. I lS2lLIyd/2005 for the z\ssessment year 2OO2-03.3. Central Board of Direct ['laxes ](CBDT) has issued CircularNo.9 of 2024 dated 17.09.2024, arnending the previous CircularNo.5 of 202.1 dated 15.03.2024, by further enhancing the monetarylimits for filing appeals by the Incorne Tax Department before theIr1*" Tax Appellate Tribunals, Fligh Courts and Sipreme Court,/ II I To, as a measure for reducing [litigation. ][In ][paragraph ][2 ][of ][the ][said]Circular, we llnd that the [monetary ][tirnit ][fixed ][for ][filing ][an ][appeal]before the High Court is Rs.2.00 [crore.]4. In the instant appeal, tax effect [is ][well ][below the ][monetary]limit.5. Therefore, the appeal fited [by the Department ][is ][disrnissed ][in]tcrms ol'the albresaid [(lircular ][No.9 ][of ][2024 ][dated ][17.09.2024.]llowever, if the appeal comes [within ][the ][exception ][of ][Circular]Nri.5 of 2024, il'would be open [to ][the Income ][Tax ][Department ][to]seek revival ofthe appeal. []-here shall ][be no ][order ][as ][to costs.] 6. Consequently, miscellaneous [petitions pending, ][if ][any, ][shall]stand closed. Sd/. K. SRINIVASA JOINT REGISTRARECTION OFFICER //TRUE COPY// II I To, as a measure for reducing [litigation. ][In ][paragraph ][2 ][of ][the ][said]Circular, we llnd that the [monetary ][tirnit ][fixed ][for ][filing ][an ][appeal]before the High Court is Rs.2.00 [crore.]4. In the instant appeal, tax effect [is ][well ][below the ][monetary]limit.5. Therefore, the appeal fited [by the Department ][is ][disrnissed ][in]tcrms ol'the albresaid [(lircular ][No.9 ][of ][2024 ][dated ][17.09.2024.]llowever, if the appeal comes [within ][the ][exception ][of ][Circular]Nri.5 of 2024, il'would be open [to ][the Income ][Tax ][Department ][to]seek revival ofthe appeal. []-here shall ][be no ][order ][as ][to costs.] 6. Consequently, miscellaneous [petitions pending, ][if ][any, ][shall]stand closed. Sd/. K. SRINIVASA JOINT REGISTRARECTION OFFICER //TRUE COPY// 1 . The lncome [Tax ][Appellate Tribunal Hyderabad Bench ]['A" ][Hyderabad]Z. fhe Corrissionei [of lncome ][Tax ][(Appeals)lV' ][Hyderabad]S. fh" D"prty [Commissioner of lncome ][Tax' ][Circle-3(1)' Hyderabad']+. On. Ci [to Sri ][J. ] [Prasad, Senior Standing Counsel for lncome ][Tax]Department s. o;;-CC [to ][sri ][x. Visantkumar' ][Advocate ][toPUCl]6. Two CD [CoPies]Plp/gh+P! HIGH COURT DATED:1010212025 JUDGMENT lTTA.No.193 of 2010 DISMISSING THE APPEAL. @r*" \{l}[l{] /;&-f2t2 ilAn 2tI25' *