Itta/21/2017 Of The Commissioner Of Income Tax-I, Hyderabad v. Parneet Kaur Bagga, Hyderabad

IN THE HIGH COURT FOR THE STATE OF AT HYDERABAD TUESDAY ,THE TWENTY FIFTH DAY OF MARCHTWO THOUSAND AND TWENTY FIVE PRESENT' THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONOA INCOME TAX TRIBUNAL APPEAL NO: 21 OF 2017 lncome Tax Tribunal Appeal Under Section 260-4 of the [lncorne Tax Act,1961]against the Order dated 03-08-2012 [passed ][in ] [No. ][1486 ][/H/2008 ][for ][the]Assessment Year 2O03-2OM on the file of the lncome [Tax ][Appellate ][Tribunal,]Hyderabad Bench ['B', ]Hyderabad [preferred ]against the Order dated [09-07-2008]passed in ITA No. 0374lCC-1, Hyd./ClT (A) -ll 06-07 on the file of theCommissioner of [lncome ][Tax ][(Appeals)-|, Hyderabad preferred ][against the ][Order]dated 3l -03-2006 [passed ][in PAN ][/ GIR ][No. ][ ][the file ][of the Assistant]Commissioner of [lncome ][Tax, ][Central Circle ]- [1, ][Hyderabad.] Between: The Commissioner of lncome {ax-|, [Hyderabad] ...APPELLANT/ Appellant AND Parneet Kaur Bagga, 122lA, MLAs Colony, Road No. [12, ][Baniara Hills, Hyderabad.] .RESPONDENT/ Respondent Counsel for the Appellant: Ms. B. SAPNA REDDY, DEPT. Counsel for the Respondent: M/S. MN ADVOCATES The Court delivered the following [Judgment ][:] THE HON'BLE SRI JUSTICE P.SAM.KOSHY AND THE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAx TRIBUNAL APPEAL No.21 OF 2OL7 JUDGMENT : ber Hon'bte Sri Justice [p.Sam ]Kosh4) Heard Ms.B.Sapna Reddy, learned Standing Counsel for Income Tax, appearing on behalf of the appellant 2. The instant appeal under Section 260A of the Income Tax Act,1961, has been preferred by the Revenue as the appellant against theorder dated 03.08.2012 passed by the Income Tax Appellate Tribunal,Hyderabad 'B" Bench, Hyderabad, in I.T.A.No.4S6/Hydl2008 for theAssessment Year 2OO3 -4. 3. Central Board of Direct Direct Ta-xe s (CBDT) s (CBDT) has issued Circular No.9 ofNo.9 ofof2024 dated 17.O9.2024, amending the previous Circular No.5 of 2024dated 15.03.2024, by further enhancing the monetary limits for filingappeals by the Income Tax Department before the Income TaxAppellate Tribunals, High Courts and Supreme Court as a measure forreducing litigation. [n paragraph 2 of the said Circular, we lind thatthe monetar5r limit fixed for filing an appeal before the High Court is-Rs.2.Oo Central Board of Direct Direct Ta-xe s (CBDT) s (CBDT) has issued Circular No.9 ofNo.9 ofof J 4 In the instant appea_l, tax effect is well betow the monetary limit. 5. Therefore, the appeal hted by the Revenue is dismissed in termsof the aforesaid circurar No.9 of 2024 dated rz.og.2o24. However, ifthe appeal comes within the exception of circular No.5 of 2024, itwould be open to the Income Tax Department to seek revival of theappeal. No costs. 6. As a sequel, miscellaneous applications pending if any, shallstand closed SD/- K. SRINIVASA RAOJOINT REGISTRARJOINT REGISTRAR //TRUE GOPY// SECN OFFICER To, l The lncome Tax Appellate Tribunal, Hyderabad Bench ['B',]HyderabadHyderabad 2. The Commissioner of lncome Tax (Appeals)-|, Hyderabad. 3. The Assistant Commissioner of lncome Tax, Central Circle - 1, Hyderabad4. One CC to Ms. B. Sapna Reddy, SC for lncome Tax 5. One CC to SRl. M/s. ADVOCATES, Advocate IOPUC]4. One CC to Ms. B. Sapna Reddy, SC for lncome Tax 5. One CC to SRl. M/s. ADVOCATES, Advocate IOPUC] 6. Two CD Copies o kut/ HIGH COURT DATED:2 510312025 JUDGMENT lTTA.No.21 ot 2011 DISMISSING THE ITTA WITHOUT COSTS fi .: c,..u. ".. '$1,)O5 Mc)t*D,1.1,, 4iC:1