Itta/209/2010 Of The Commissioner Of Income Tax-Iii v. M/S. Soma Enterprises Ltd

t34471 HIGH *,,$'3o+:,lsI-'J1',55$i,R+Y3[,J'* PRESENT THE [ LE ] [P'SAM ] ANDNARSING THE 010APP [ N][o:][ 209][ o] INcoM ncomerax'1!v5'#.3::lilf m:i:ihm.lE:fnHtY'fJJffni#ll"fti{t:d'1j,;:,** Between: THE [TAX.III, ][HYdETAbAd.] ...APPELLANT( AND B-2-623t51 [1 ][t ][l,Avenue4' ][Banjarahills']M/S. Hyderabad-34. ...RESPONDENT Counsel [for ][the APPellant:] Counsel [for ][the ][Respondent:] The Gourt [delivered ][the ][following:] SMT.B.SAPNA SRI JUDGMENT THEHON[,BL]ESRIJUSTICEP.KOSHYANDTHEHON'BLESRIJUSTICESINGRAONANDIKONDAINCOMETAXTRIBUNALAPPEAL NoJUDGMENT:,209OF201o@er [fton,bte ]Sn JusLtce p.SanL KoshU) Heard Ms.B.Sapna Reddy, Iearned Sen..ror Standing Counsel Income Tax, lbrappearing on behalf of the appeliant. 2' The instant appeal under Sectio n 260Aof the Income 196 1, has been preferred Tax Act,by J the [ur! ]r\EcltRevenue as the appellant against the,rder dated 02'05'2008 passed by the Income Tax Appe,ate Tribunar,H-vderabad [,,B,, ]Bench, Hyderabad, in I.T.A.No. 16/Hyd/2OO7 for theAssessment y ear 2OO2-O3. 3' ce.tral Board of Direct raxes (CBDT) has issued circular No.9 of2024 daLed 17.og-2024, amending the previous circula;.No.5 of 2024dated 15 03' 2024, by further enhancing the rnens12ry limits for firingappeals by the Income Tax Department before the income TzrxAppe,ate Tribunals' High courts and Supreme court as a measure forreducing litigation. In paragraph 2 of the said Circular, we find thatthe monetary rimit fixed for rrling an appeal before the High court isRs.2.00 crore. ' 't.t 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 ][terms]of the [aforesaid ][Circular ][No'9 ][of ][2024 ][d'aLed' ][17 ]['Og ]['2024' ][Horvever' ][if]the appeal [comes ][within ][the ][exception ][of ][Cirbular ][No ][' ][5 ][of ][2024 ][' ][it]would be [open ][to the ][Income ][Tax Department ][to ][seek ][revival of ][the]appeal. [No ][costs'] shall6As a sequel, [miscellaneous applications ][pending ][if ][any']stand [closed.]SD'. N. DEPUTY Isecrrkorrrcen //TRUE [COPY/'] To, 1. The The [lncome Tax Appellate Tribunal' Hyderabad Bench ]['8" ][Hyderabad] 1. The The 2. One [to ] [Advocate ] [t]2. One [to ] [Advocate ] [t] 3. One [to ][SRI' ] [KR|SHNAAdvocate ][ ] 4. Two [CD CoPies] TPK/gh Hr illIlIllIl HIGH COURT DATED:16 tOTtZO2s JUDGMENT|TTA.No.2O9 of 2O1O ITTA tS DISMISSED G@H-i-r\th. ITrlE [t; ]i/icR'c-(0.0 3 sEP 206r.)/)r..