Itta/251/2010 Of Commissioner Of Income Tax Bangalore-I, Bangalore v. M/S Gmr Industries, Bangalore

13447 I IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD THURSDAY, THE SIXTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P. SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No: 251 of 2O1O lncome tax Tribunal Appeal under Section 260-A of the lncome tax Act, 1961,against the Order of the lncome Tax Appellate Tribunal, Hyderabad Bench B,Hyderabad in ITA No.1222lHyd/07 for Assessment Year 2004-05 dated 31-07-2008,preferred against the Order of the Commissioner of lncome Tax (Appeals) lll,Hyderabad dated 06-11-2007in Appeal No.0311/ACIT-Cir-2(3)/ CIT(A)-|l112006-07,preferred against the Order of the Assistant Commissioner of lncome Tax, Circle-2(3), Hyderabad dated 28-12-2006 in PAN/GIR No A/qACG8091J. Between: Commissioner of lncome Tax Bangalore-1, Bangalore-l Central Revenue Building,Queens Road, Bangalore - 560 001. (Present authority with Jurisdiction over thematte0 ...Appellant AND M/s GMR lndustries, 6-3-866/1/G2, Greenlands, Begumpet, Hyderabad-16 andpresently 2511, Skip House, Museum Road, Bangalore - 560 025.presently 2511, Skip House, Museum Road, Bangalore - 560 025. ...Respondent Counsel for the Appellant: Ms. Bokaro Sapna Reddy, SC FOR lT Counsel for the Respondent: Sri Ch. Pushyam kiran The Court delivered the following: JUDGMENT THE HON'BLE SRI JUSTICE P.SAM KOSHYAND THE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TA)( TRIBUNAL APPEAL No.251 OF 2O1O JUDGMENT:(per Hot'ble Si -!us!ic-r. P.Sotft Koslv) Heard Ms.Bokaro Sapna Reddy, learned Standing Counsel forIncome Tax, appearing on behalf of the appellant. 2. The instant appeal under Section 260A of the Income Ta< Act,1961, has been preferred by the Revenue as the appellalt against ttreorder dated 31.07.20O8 passed by the Income Tax Appellate TribunziiHyderabad'Tl" Bench, Hyderabad, in I.T.A.No. 1222lHyd/20O7 for ihe Assessment Year 2OO4-05. 3. Centra-l Board of Direct Taxes (CBDT) l-ras issued Circular No.9 ol2024 dated 17.O9.2024, amending the previous Circular No.5 of 2',,t2 idated 15.03.2024, by further enhancing the rr.orretrlry limits for i;iir.gappeals by the Income Tax Department before tire Income'1';,rAppellate Tribunals, High Courts and Supreme Court as a meas,',-c rorreducing litigation. In paragraph 2 of t}:.e said Circular, we find thatthe monetary limit fixed for filing an appea-l before the High Court isRs.2.0O crore. I In the instant [appeai, ][ta-:< ][effect ][is ][well below ][the monetary ][limit'] 4 5. Therefore, [the ][appeal ][frled ][Lry ][the ][Revenue ][is ][dismissed ][in ][terms]of the aforesaid [Circular No'9 ][of ][2A24 ][dated' ][17'Og'2O24' ][However' ][if]the appeal [comes ][within the ][exception ][of ][Circlrlar ][No'S ][of ][2024 ][' ][it]'w'oulci be open to the [Income ][Tax Department ][to ][seek ][revival of the]appeal. No [costs.] (1. As a sequel,miscellaneous [applications pending ][if ][any' ][shall]slc;id closed. Sd,- [K]b?,ti#ti$'[iR ,ffRUE ECTION To, 1.2..) 4.(6[*==t#or",.ryl+;*it+,r#*+:tr,r#;-]Two [CoPies] kam HIGH COURT ,DATED:0610212025 JUDGMENT|TTA.No.2S1 ot 2010 DISMISSING OFTHE APPEAL g4///[,/3] 4161Yi'STtlzo2 [3 ] [2$25]a.btrO