Itta/212/2012 Of The Commissioner Of Income Tax - Iii v. M/S. Bgs - Sgs - Soma (Jv)

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABADMONDAY, THE SEVENTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM,KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO:212 OF 2012 lncome Tax Tribunal Appeal under Section 260,4 of the Income Tax Act, 1961against the Order dated 08.06.20'1 1 passed in lTA.No.1320/Hyd/'10, for theAssessment Year 2007-08, on the file of the lncome Tax Appellate Tribunal,Hyderabad Bench ['A', ]Hyderabad, preferred against the Order dated 13-08.20'10 on{' ,1 the file of the Commissioner of lncome Tax (Appeals)-lV, Hyderabad, inAppeal,No.362/ACIT 6(1)/ClT(A)-lV/O9-10 preferred against the order dated24.12.2009 passed in PAN No. A,iqituAB3714FlB-354 on the file of the AssistantCommissioner bf lncome tax, Circle-6(1), Hyderabad. Between: The Commissioner of lncome Tax - lll, lT Towers, A.C. Guards, Hyderabad. ...Appellant AND M/s. BGS - SGS - SOMA (JV), Dr. No. 8-2-6231511 , 14 Avenue, Banjara Hills,Hyderabad. ...Respondent Counsel for the Appellant: Ms. Bokarao Sapna Reddy, Standing Counselfor lncome tax Counsel forthe Respondent : Sri T. Bala Mohan ReddyThe Court delivereci the folloring: THE HON'BLE SRI JUSTICE P.SAM KOSHYAND THE HON'B],E SRI JUSTICE NARSING RAO NANDIK{)NDA INCOME TAx TRIBUNAL APPEAL No.212 OF 20 12 JUDGMENT: be. [H< ][n ][bb ][sn ][rustice ][p.sam ]Kosh!)Heard Ms.Bokaro Sapna Reddy, learncd Standing (ounsel lorIncome Tax, appe tring on behalf of the appellanr. 2. The instant appeal under Section 260A of the Inr:on'e Tax Act,1961, has been p [-r:ferred ]by the Revenue as the appcl1ar.ri, riflainst theorder dated 08.06.:2011 passed by the Income Tax Apptiirr,r Tnbunal,Hyderabad '4" Bench, Hyderabad, in I.T.A.No.1320 /Ltvo I )(t1O for theIAssessment Y ea:r'.l!O7 -2OO8.I 3. Central Boarcl of Direct Taxes (CBDT) has issued Ciri'r.: iair No.9 of2024 dated 17.O9 2024, amending the previous CircrLliri Nr .li of 2024dated 15.O3.2024 by further enhancing the motreterry iir,:rts ibr filingappeals by the l]tcome Tax Department beioi:e the lrr:ome [.i.ax]Appeilate Tribunals, High Courts ald Supremc Court as i:- rr easur-e forreducing litigation. In paragraph 2 of the saii Circular, -,...r. finci thatthe monetary limi: fi,xed for hling an appeal beforc the FIrg r Court isRs.2.O0 crore. II I Page 2 of 3 4. In the instant appeal, tax effect is well below the monetary limit. 5. Therefore, the appeal frled by the Revenue is dismissed in termsof the aforesaicl Circr:iar No.9 of 2024 dated 77.09.2024. However, ifthe appeal comes within the exception of Circular [No.5 ]of 2024, [it]would be open to thi: Income Tax Department to seek revival [of ][the]appeal. No costs- 6, As a scquel, nriscellaneous applications [pending ]if any, [shall]stand closed Sd/. K. SRINIVASA INT REGISTRARS GTION //TRUE To,1. The [lncome ][Tax ][Appellate ][Tribunal' ][Hyderabad ][Bench ]['A" ][Hyderabad']i. il; il;;lssionei [of lncome Tax ][(Appeals)-lV' ][Hvderabad]i. i'n" n..i.i"ni [corn'nit'ionti ][ot ][lniome ][tax' circle-6(1)' ][Hyderabad']4. one [to ][tVls. ][aor"rro ][i;pna ][Reddy, Standing ][counsel ][for lncome]tax s o"JLc1"'SriT [Bala ][tt/lohan ][Reddy' ][Advocate ][[oPUC]]6. Two [CD CoPies]DL/PSL {,' HIGH COURT DATED:1710212025 JUDGMENT lTTA.No.212 o12012 DISMISSING THE APt)EAL .i'D!)\J(i0i APB Az.itZ\a\.?\r-.' [1. ];ijl ra\\r:\'_\\:= =l=---2 (.