Itta/241/2015 Of Pr.commissioner Of Income Tax-2 v. M/S Janapriya Properties Private Limited

HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE ELEVENTH DAY OF JUNETWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY THE HONOURABLE SRI JUSTTCE NARSING RAO NANDIKONDA INCOM E TAX TRIBUNAL APPEAL NO:241 OF 2015 Appeal fired under section 260-4 of the rncome Tax Act, 196.1 against theorders passed in r.T.A.No.'r 62 2rHydr2o12 ot.rg-or-)ors on the fire of the Income2007, Tax-Appellate in PAN.No.AABF Tribunar, Hyderabad J 7649 B, Bencn-s preferreJ against for Ge assessment the common year order2006-dt'29 11.2013, preferred against the ordlr ot tre commissioner of rncome Tax06.08.20'10 for 09'08 flry^"itrl-- rncome 2012 Tax, preferred Centrar [t, ]the [Hyderaoaa. ]assessment yeai circre against - the ,ord.er y1 2, Hyderabad [tTA.No.0i56/Cc_i,nvolcrrtn)_t/10-11, ]2006_07.passea-oy in phr.r. tire rrro.enBFJ Deputy commissioner of76498 , dateddated Between: PR,CO[/IMISSIONER OF[Vlasabtank, Hyderabad. INCOME TAX-2, l.T.Towers, A.C.Guards, APPELLANT ANO lV/S JANAPRIYA pRO'ERTtES pRtVATE LtMtTED, [preeviousty known asand M/s Janapriya Enqineers Svndicatel, Pride Towersl Road trto Z, Sanj';riniff", ai_iiorca,Fiot,r.ro.rr fiyO",ririlrjli+and 12, KeerthipRtVATE LtMtTED, [preeviousty known asand M/s Janapriya Enqineers Svndicatel, Pride Towersl Road trto Z, Sanj';riniff", ai_iiorca,Fiot,r.ro.rr fiyO",ririlrjli+and 12, Keerthi ...RESPONDENT Counsel for the Appellant : B. SApNA REDDY (Sr. STANDTNG COUNSEL FOR TNCOME TAX) Counsel for the Respondents : CH PUSHYAM KIRANThe Court made the following: ORDERThe Court made the following: ORDER THE HON'BLESRI JUSTICE [P][.SA] oSHYANDTHEHON'BLE SRIJUSTtCE StNGRAONANDIKONDAEALNo.241OF2015AXTRIBU [ APP]INCO .ru[D]GMEN'l'. het [rhe ][Ho' ][ble ][Sti ][Jtluce ] [Suttt ][Kosh!-)] t{eard [Ms. ][Bokaro ][Sapna ][Reddy' ][learned ][Senior ][Standing Counsel ][for]lnoome [Tax ][Department ][appearing ][on behatf ][of ][the ][appellant' and ][Mr' ][CFI']Pushyam [Kiran, ][learned counsel ][fbr ][the ][respondent'] 'Ihe instant appeat instant appeat appeat under [[Section ][260r\ ][ofthe ][Income ]][[260r\ ][ofthe ][Income ]][[ofthe ][Income ]][[Income ]][Tax ][Act' ][1961' ][has] under [[Section ][260r\ ][ofthe ][Income ]][[260r\ ][ofthe ][Income ]][[ofthe ][Income ]][[Income ]]Z. 'Ihe instant appeat instant appeat appeat been [preferred ][by ][the ][Revenue ][as ][the ][appetlant ][against ][the ][order ][dated]19.0i.2015, [passed ][by ][the ][lncome ]['fax ][Appellate ][Tribunal' ][Hyderabad Bcnch]'ll'. tlyderabatl, [in ][t ][t ] [No'1622/Itydi2012 ][lbr the ][Assesstnent ][Year ][2006-07']Central [Roarcl ][of ][Direct ][Taxes ][(CBDT) ][has ][issued ][Circular ][No'9 ][of ][2024]3. dated [l'7.09'2024' amending ][the ][previous ][Circular ][No'5 ][of ][2024 ][dated]15.03.2021,by [turther ][enl.rancing ][the tnonetary ][timits ][lor fiiing ][appeals ][by ][the].f betbr.e trrc lncome Tax [Appeilatc ][Tribunals, ][High]rncome ax Department coufis [and Supreme ][courl ][as ][a ][rrreaslu.e ][for ][reducing ][titigation. ][In ][paragraph ][2]ofthesaidCircular.rvef-rndthatthemonctalytimitfixedfbrlriinganappealbelore [the ][High ][Courr is ][Rs ][2 ][crore'] 4' In the instant appear, tax effect is well below the monetary limit. 5' 5' Thcrefore' the appeal filed by the Revenue is dismissed aforesaid in terrns o1. rheCircular No.9 of 2024, clated, 17.09.21However, if the appeaico,es witrri, trie sx6gp5i611 of circular Itevenue to seek revival No.5 of 2 024, it would be open ro rheoi.the appeal. 6' As a sequer' rniscelraneous petitions pending if any, sha, stand crosed.I{owcver', there shall be no order. as to costs. Sd/. A.V.S.S.C.S.M. SARMAJOINT REGISTRARArfSECfiOtt orHcsn //TRUE COPYII To, 4' In the instant appear, tax effect is well below the monetary limit. 5' 5' Thcrefore' the appeal filed by the Revenue is dismissed aforesaid in terrns o1. rheCircular No.9 of 2024, clated, 17.09.21However, if the appeaico,es witrri, trie sx6gp5i611 of circular Itevenue to seek revival No.5 of 2 024, it would be open ro rheoi.the appeal. 6' As a sequer' rniscelraneous petitions pending if any, sha, stand crosed.I{owcver', there shall be no order. as to costs. Sd/. A.V.S.S.C.S.M. SARMAJOINT REGISTRARArfSECfiOtt orHcsn //TRUE COPYII To, 1. The lncome Tax Aooellate Tribunal, Bench _8, 3. 2. The commissionei The Dy. Commissioner of of lncome rn o*" rax, r"r ii#u1"1"_ "c-.nilrr cir.L i,'rglo"rroro.Hyderabad._ 4. Department) Advocate one cc ro B. sApNA RtD?-y,(sr. \ ijr;;";;;ri..rror. - '- [vrr ][iv ][vvu"t]2, Hyderabad.rncome rax6. 5. - Two One CD CC to CopiesSRl. CH pUbHyAIU KTRAN Advocate [OpUC]ASR/kam fp- HIGH DATED:1 [1tOGl2O25] JUDGMENTlTTA.No.241 [of ][2015] DISMISSING THE ?A- re\ z)Ig { -=a:::::,I/!rsE ,*"iNi,|'(I1!I,-)Ctt5 [sEP ][t$6]\\cl'*tDispntcH[6_O]