Itta/248/2010 Of Commissioner Of Income Tax-Vi, Hyderabad v. M/S G.v.malla Reddy And Co. Hyderabad

13447 | IN THE HIGH COURT FOR AT HYDERABAD MONDAY, THE TENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE [P.SAM KOSHY]AND THE HONOURABLE SRI JUSTICE INCOME TAX TRIBUNAL APPEAL [NO: 248 ] [2010] lncome Tax Tribunal Appeal Under Section [2604 ][of ][the ][lncome ][Tax Act,1961]against the Order dated 31-05-2004 [passed ][in ] [No.187/Hyd/200'1 ][for ][the]Aisessment [year ]1 997-1998 on the file [of ][the ][lncome ][Tax ][Appellate ][Tribunal,]Hyderabad Bench ['A', ]Hyderabad [preferred ][against ][the ][Order ][dated ][16-12-2000]pissed in Appeat No.BI/V-1(6yCtT(A) 1999-2000 on the [file ][of ][the ][Commissioner of]income Tax (Appeals)-|, Hyderabad [preferred against ][the ][Order ][dated ][09-03-2000]passed in P.A.N-/G,l.R. No.G.303 on the file of the Deputy [Commissioner of lncome]Tax, Circle - 9(1), Hyderabad. Between: Commissioner of lncome Tax-Vl, [Hyderabad] ...Appella nt AND M/S G.V.Malla Reddy and co, [16-10-17411, ][Malakpet, ][Hyderabad.] ...Respondent Counsel for the Appellant : Ms. Sapna [Reddy ][representing]Sri J V Prasad, Sc for lncome [Tax] Counsel for the Respondent: Sri [Vasant ][kumar] The Court delivered the following: [Judgment] \ t THE TIONOURABLE SRIJUSTICE P.SAM KOSHYANDTHE I{ONOURABLE SRI JUSTICE NARSING ITAONANDIKONDA ITTA No.248 OF 2010 JUDGMEU: (per Hon'ble Sri Justice P.Sam Koshy) Hearcl Ms. B.Sapna Reddy, leamed Junior [itandingCounsel representing Mr. J.V.Prasad, leamed Senior StandingCounsel representing Mr. J.V.Prasad, leamed Senior StandingCounsel for the Income Tax Departrnent for the appellant. Perusedthe record.the record. 2. This appeal under Section 260,4 of the lncome ['[ax ]Act,1961, has been preferred by the Revenue as the appellantagainst the order dated 3 I .05.2004 passed by the Incr:rme TaxAppellate ['Iribunal, ]Hyderabad Rench 'A', Hyderabad, inI.T.A.No.187rTlyd/2001 for the Assessment Year 1997-98. 3. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 of 20214 dated, 17.09.2024, amending the previous CircularNo.5 of 2021dated 15.03.2024, by further enhancing the rnonetarylimits for fi1ing appeals by the Income Tax Departrnent b.:fore theIncome Tax Appellate Tribunals, High Courts ancl Suprerrre Couft ,t I as a measure for reducing iitigation. In [paragraph ]2 of [the ][said]Circular, we find that the monetary limit [fixed for ][filing ][an ][appeal]before the High Court is Rs.2.00 crore. 4. In the instant appeal, tax effect [is ][well ][below the ][monetary]lirnit. 5. Therefore,, the appeat fiied by the [Department is dismissed ][in]terms of the aforesaid Circular No.9 of [2024 ][dated ][17.09.2024.]However, if the appeal cotnes within [the ][exception ][of ][Circular]No.5 of 2024, it would be open to [the Income ][Tax ][Department ][to]seek revival ofthe appeal. There shall be [no ][order ][as ][to ][costs] 6. Consdquently, miscellaneous [petitions ][pending, ][if ][any, ][shall] stand closed Sd/. K. SRINIVASA RAOJOINT REGISTRARCTION OFFICER //TRUE COPY// To, 1. The lncome TaxAppellate Tribunal, Hyderabad Bench'A', Hyderabad 2. The Commissioner of lncome Tax (Appeals)-|, Hyderabad 3. The Deputy Commissioner of lncome Tax, Circle - 9(1), Hyderabad 4. One CC to Sri J V Prasad, Sc for lncome Tax 5. One CC to Sri K Vasant kumar, Advocate 6. Two CD Copies ADK/ghV ADK/gh I HIGH COURT DATE D: 1 010212025 JUDGMENT lTTA.No.248 of 2010 DISMISSING THE ITTAWITHOUT COSTS d./"(tl o[R][ THE ][}}][ ,l]3(.2 1 t1tf, 2025 !)oa-d'