Itta/209/2015 Of Prl Commr Of Income Tax [Tds] Hyderabad v. M/S Hcc-Meil-Ncc-Wpil [Jv] Hyderabad

tN THE MONDAY,THE '.'- [TWENTY FIRST DAY.OF ] T,VO TTTOUSAND PRESENT THE HONOURABLE [P'SAM ] THE HoNouRABLE [sRl ]'rusrt& [RAo ][NANDIKoNDA] F 2015NAL APPE [NO:][ 209 ][0] INCO [ TRIBU] lncome [Tax ][Tribunal ][Appeal under Sectio-n^.260 ][of ][the ][lncome ][Tax]Act,1961, [asgrieved ][bv ][ir]" ][cjti";"t"0'io ][ol-2015' ][of ][the ][lncome ][Tax]Aooellate [Tribunal, ];=;;" [i"" ][i ][r'n ][No ][asa ][Hvdt2o14' ][for ][the]Assessment [year ][zorcliiii]on'irt" ][tile. ][of ][the ][lncbme ][Tax ][Appellate]?ffi;;i [i;dliauao ][Bench-A' ][HYderabad] Between: Principal [Commissioner of lncome Tax ][ ' ][l'T Towers'A C'Guards']Hyderabad. ...APPELLANT AND M/S HCC-MEIL-NCC-WPIL [tJVl S-2' Technocrat lndustrial Estates]Balanagar, [HYderabad] .,.RESPONDENT Counsel [for ][the ][Appellant: ][MS' ][K' ][MAMATA-CI{OUDARY' ] couNSEL [tNcoME ][riri"riei;riii-r,iex'r'xepntseNieo ][ev ][sRl ][A. RAMA]KRISHNA [, ][stanafrgLounsel ][for lncome ][Tax Department'] : SRI A. [V. RAGHU RAM]Gounsel [for ][the ResPondent]The Court [made ][the ][following]: JUDGMENT TH EoN'BLE SRIJ USTICE P.SAM KosHY ANDTN'BL sU TAKDcTTBEo 20JUDGN(per the Honbte Sri Justice p. Sam Koshy) Heard Mr. A. Rama Krishna Reddy, Iearned Standing Counsel for Income Tax Department appearing on behalf of the appellant,and, Mr. A.V. Raghu Ram, learned counsel for the respondent. 2' The instant instant appear under section 2604 of the Income Tax under section 2604 of the Income Tax section 2604 of the Income Tax 2604 of the Income Tax of the Income Tax the Income Tax Income Tax Act,1961, has been preferred by the Revenue as the appellant against theorder dated 13'01'2015' passed by the Income Tax Apperate Tribunar,Hyderabad [,,A,, ]Bench, Hyderabad, in I.T.A.No.3 33/Hyd/2OtC for theAssessment yeai 2010_1 1. The instant instant appear under section 2604 of the Income Tax under section 2604 of the Income Tax section 2604 of the Income Tax 2604 of the Income Tax of the Income Tax the Income Tax Income Tax Act, 3' central Board of Direct Board of Direct of Direct Direct raxes (.BDT) has issued circular No.9 has issued circular No.9 issued circular No.9 circular No.9 No.9 of2024 dated 17.Og.2024, amending the previous Circular No.5 of 2024dated 15'03'2024, by further enhancing the monetary limits for firingappeals by the Income Tax Department before the Income TaxAppe'ate Tribunars' High courts and supreme court as a measure forreducing ritigation' In paragraph 2 0f the said circurar, we find that the central Board of Direct Board of Direct of Direct Direct raxes (.BDT) has issued circular No.9 has issued circular No.9 issued circular No.9 circular No.9 No.9 of l Page2 of 2 limit [fixed ][for ][filing ][an][ appeal ][before ][the ][High ][Court ][is]monetary Rs.2.00 crore. 4In 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, ][dated ][77'09'2024' ][However' ][if]the appeal comes [within ][the ][exception ][of ][Circular ][No'5 ][of ][2024' ][it]would [pe ]open [to ][the ][Income ][Tax ][Department ][to ][seek revival ][of ][the]a ppea l. 6As a sequel, [miscellaneous ][applications ][pending ][if ][any' ][shall]stand closed. [However, there][ shall ][be ][no ][order ][as ][to ][costs.] sD/- A.V.S.S.C[.S.M. ] OINT REGISTRAR//TRUE COPY//SECTION To, 1. The [lncome ][Tax Appellate ][Tribunal' ][Hyderabad ][Bench-A']HYderabad. '38'rRBItIo'aT*UAMtHiB?HRATil'=-'ittoJLZIANDNG 3. One [CC to SRI ][A'RAMA ] [(SC FOR ][lT)] 4. One CC [to ] [A'V' ][RAGHU RAM Advocate ][ ] 5. Two [CD CoPies] pcsd/gh Yx HIGH COURT DATED:21 tO4lZOzS JUDGMENT ITTA.No.209 of 2O1S 6As a sequel, [miscellaneous ][applications ][pending ][if ][any' ][shall]stand closed. [However, there][ shall ][be ][no ][order ][as ][to ][costs.] sD/- A.V.S.S.C[.S.M. ] OINT REGISTRAR//TRUE COPY//SECTION To, 1. The [lncome ][Tax Appellate ][Tribunal' ][Hyderabad ][Bench-A']HYderabad. '38'rRBItIo'aT*UAMtHiB?HRATil'=-'ittoJLZIANDNG 3. One [CC to SRI ][A'RAMA ] [(SC FOR ][lT)] 4. One CC [to ] [A'V' ][RAGHU RAM Advocate ][ ] 5. Two [CD CoPies] pcsd/gh Yx HIGH COURT DATED:21 tO4lZOzS JUDGMENT ITTA.No.209 of 2O1S ,/{r€0\-:,J(ir.)14 rlJBMa\'* cfs [ra ]rcH[(--O] DISMISSING THE INCOME TAX TRIBUNAL APPEAL 4-{4K*