Itta/264/2012 Of The Commissioner Of Income Tax-Iv v. Mentor Graphics (India ) Pvt.ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY, THE EIGHTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENry FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRTBUNAL APPEAL NO: 264 OF 2012 Appeal filed under Section 260(A) of the lncome-Tax Act., ['1961, ]against [the]order dated 18-08-2009 [passed ]in lTA.No. 696/Hyd/2009 [for ]the [assessment ][year]2002-2003 on the file of the Income Tax Appellate Tribunal Hyderabad [Bench ]['B',]preferred against the Order dated 05-03-2009 passed in lTA.No. 106/DC-'- ': 16(2)lClT (A)-V l2OO7 -2008 on the file of the Commissioner of lncome Tax (Appeals)-IV, Hyderabad preferred against the Assessment Order dated 19-09-2007 [passed ][in]PAN/GIR No. /IM-128 on the file of the Deputy [Commissioner ][of]lncome Tax, Circle-16(2), Hyderabad. Between: The Commissioner of lncome Tax-lV, Hyderabad ...APPELLANT AND Mentor Graphics (lndia) Pvt. Ltd, 6-3-552, Sri Ram Somajiguda, [Hyderabad-]500082 ...RESPONDENT Counsel for the Appellant: Ms. B. Sapna [Reddy, learned ][Junior Standing] Counsel representing Sri J.V.Prasad,learned Senior Standing Counsel Counsel for the Respondent: Sri [Ch. Pushyam ][Kirari ][(Not Present)]The Court delivered the following JUDGMENT: THE HON()URABLE [P.SAM KOSTIY]ANDTIIE HONOURABLE [RAI)]NANDTKONDA TTTA N0.2640 [2OL2] JUI)GMEN["f ][: ][ty.,er ][Hon'ble ][Sri ][Justice ] [Sam ][Koshy)] Hearr Ms. [B.Sapna ][Reddy' ][learned ][Junior ][Standing]Counsel [lel)resenting ][Mr' ][J'V'Prasad' leamed ][Senior ][Standing]Counsel [for the ][[ncome ][1.ax ][Department ][for ][the appellant. ][P<:rused]the record. 2. This appeal [under Section ][260,4' ][of ][the ][lncome ][f ][rlx ][Act']1961, has [bee)n ][preferred ][by ][the ][Revenue ][as the ][allpellant]tht [ortler ][dated ][18'08'2009 ][passed ][by the ][Incorne ][Tax]against Appellate [Trilrunal, ][Hyderabad ][Bench ]['B" ][Hyderabad' ][in]I.T.A.No.696/tfYD/2009 [for the ][Assessment ][Year ][2002-03]3. Cen ral [lfoard ][of ][Direct ][Taxes ][(CBDT) ][has ][issued ][Circular]No.9of2)24dated:.T.og.2o24,amendingthepreviousCircularNo.5 of [2(t24 <lated 15.03-2024, ][by further ][enhancing ][the ][raonetary]limits for [filirlrl ][appeals ][by ][the Income ][Tax ][Department br:fore ][the]Income I rx [,\ppellate ][Tribunals, ][High ][Courts and ][Suprerne ][Court] It li as a measure for reducing litigation. In paragraph 2 of the saidCircular, 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 monetarylimit. 5. Therefore, the appeal filed by the Department is dismissed interms of.,the aforesaid Circular No.9 of 2024 dated 17.09.2024.However,. if the appeal comes within the exception of CircularNo.5 of 2024, it would be open to the Income Tax Department toseek revival of the appeal. There shall be no order as to costs. 6. Consequently, miscellaneous petitions pending, if any, shall stand closed. Sd/. C.V. MALLIKARJUNA ot T REGISTRAR ,,,1 //TRUE COPY// TION OFFICER To, The lncome Tax Appellate [Tribunal Hyderabad ][Bench ]['B', ][Hyderabad]The Commissioner [of ][lncome ][Tax (Appeals)-lV, ][Hyderabad] 1. 2. 1)The Deputy Commissioner [of lncome Tax, Circle-16(2), Hyderabad'] One Ci to Sri [J. ][V. ][Prasad ][(SC ] [TAX) ] 4. 5.One CC to Sri Ch. [Pushyam ][Kiran, ][Advocate ] tt.Two CD CopiesVH/plo\tr HIGH COUIRT DATED: 18t0212025 JUDGMENI'lTTA.No.26,{ of 2012 DISMISSING ITTA_-<\ [(r-]lk \ [(-_-/ ]/) [z"ffsl"r-] ir' l}rE S 14.r*(( l',.t'(2Ci, [t1 ] [zo?s])6,a-ep;;7r [r ][1r,l ][r]