Itta/207/2015 Of Commissioner Of Income Tax-Iii v. Singularity Software (India) Pvt Ltd

. HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD THURSDAY, THE THIRD DAY OF APRILTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY& THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 207 OF 2015 Appeal under section 260 A of the lncome Tax Act, 1961, to call forrecords relating to ITA No.1BB7l\ydl2011, dated 23.11.2012 on the file of thelncome Tax Appellate Tribunal Hyderabad Bench B Hyderabad, relating to thelncome Tax Appellate Tribunal Hyderabad Bench B Hyderabad, relating to theassessment year 2005-2006 in the case of the Respondent-assessee and setaisde the order.aisde the order. Between: Commissioner Of lncome Tax-lll,l.T.Towers, A.C.Guards, Hyd. AND Singularity Software (lndia) Pvt., Ltd.,201, G.K.Classics, Srinagar Colony, Hyd, For the Appellant . Smt. B. Swapna Reddy, rep- Mr. J.V. Prasad Counsel for the Respondents: The Court made the following: JUOGMENT ...Appellant ...Respondent THE IIONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAONANDIKONDA ITTA No.207 OF 2015 JU DGI4ENT [rper ] [lon'ble ][Sri ][Justit't' ][P.Sam ][Koshyl] Heard Ms. B.Sapna Reddy, leamed Junior StandingCounsel [representing ][Mr. ][J.V.Prasad, learned ][Senior ][Standing]Counsel [for ][the ][Income ][Tax ][Department ][for ][thc ][appellant]Perused [the record.]2. This appeal under Section 2604, of the Incorne Tax Act,of the Incorne Tax Act,the Incorne Tax Act,Incorne Tax Act,Tax Act,1961, has [been preferred ]by the [Revenue ]as the appellantagainst the [order ]dated [23.11.2012 passed ]by the IncomeTax Appellate [Tribunal, ][Hyderabad ]Bench 'B', llyderabad,lnI.T.A.No.l887 [ft1yd/201I for ][the ]Assessment Ycar 2005-06. This appeal under Section 2604, of the Incorne Tax Act,of the Incorne Tax Act,the Incorne Tax Act,Incorne Tax Act,Tax Act, 3. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 of [2024 ][dated ][17.09.2024, ][amending ]the [previous ]CircularNo.5 of [2024 ][dated 15.03.2024, ][by further ]enhancing the monetarylimits [for ][filing ][appeals ][by ][the Income Tax Department ]before theIncome [Tax ][Appellate ][Tribunals, ]High Courts and Supreme Court To, as a measure for reducing litigation. ln paragraph 2 of the saidCircular, we find that the monetary limit fixed for filing an appealbefore the High Court is Rs.2.00 crore.before the High Court is Rs.2.00 crore. 4. In the instant appeal, tax effect is well below the monetarylimit. 5. Therefore, the appeal filed by the Department is dismissed interms of the aforesaid Circular No.9 of 2024 dated 17.09.2024However, if the appeal comes within the exception of CircularNo.5 of 2024, it would be open to the Income Tax Department toseek revival of the appeal. There shall be no order as to costs. 6. Consequently, miscellaneous petitions pending, if any, shattstand closed. SD/. K, SRINIVASA RAO JOINT REGISTRAR //TRUE COPY// SECTION OFFICER '1 . The lncome Tax Appellate Tribunal Hyderabad Bench B Hyderabad2, One CC to Smt. [B. ]Swapna Reddy, for [lncome ][Tax ][Department ] 3. Two CD CoPies2, One CC to Smt. [B. ]Swapna Reddy, for [lncome ][Tax ][Department ] 3. Two CD CoPies w '<{ HIGH COURT DATED.3t4t2025 JUDGMENTITTA.No.207 of 2015 APPEAL IS DISMISSED, NO COSTS 5ur?(uA\a. \i- [s-r]4 ir- o,(JUN [206]'.2,\:-\.: