Itta/270/2010 Of The Commissioner Of Income Tax-Iii v. Applabs [India]

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE TENTH 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: 270 OF 2010 lncome Tax Tribunal Appeal Under Section 260,4 of the Income Tax Act,1 961against the Order dated 31-12-2007 passed in ITA No.'l 113/Hyd/2006 for theAssessment Year 2002-2003 on the file of the lncome Tax Appellate Tribunal,Hyderabad Bench 'B', Hyderabad preferred against the Order dated 15-09-2006passed in Appeal No.0053/DC-6(1)/ClT(A)-lV/2006-07 on the file of theCommissioner of lncome Tax (Appeals)-lV, Hyderabad preferred against the Orderdated 21-03-2006 passed in P.A.N./G.l.R. No. AAEFA9133C/A393/DC|T.6(1), Hydon the file of the Deputy Commissioner of Income Tax, Circle - 6('l), Hyderabad. Between: The Commissioner of lncome Tax-lll, lT Towers, AC Guards, Masab Tank,Hyderabad.Hyderabad. ...Appellant AND APPLabs [ndia], Plot No.1286, Road No.65, Jubilee Hills, Hyderabad ...Respondent Counsel for the Appellant : Ms. Sapna ReddyrrepresentingSri J V Prasad, Sc for lncome Tax Counsel for the Respondent: Sri G V Ambeswar representing'M/s MN Advocates The Coud delivered the following: Judgment I I I , THT] TIONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAONANDIKONDA ITTA No.270 OF 2010 JTJI)CMI'\T[(per ]Hon'ble Sri Justice P.San Koshy) Heard Ms. B.Sapna Reddy, learned Junior Standing Counsel representing Mr. J.V.Prasad, learned Senior StandingCounsel fbr the Income Tax Department for the appellant andMr. G.V.Arnbestvar, learned counsel representing M/s MNAdvocates. Perused the record. 2. This appeal under Section 260,{ of the Income Tax Act.1961, has lreen preferred by the Revenue as the appellantagainst the rrrder dated 31.12.2007 passed by the Income TaxAppellate Tribunal, Hyderabad Bench'B', I-Iyderabad,lfrI.T.A.No. l1l3/Hydl2006 for the Assessmenr Year 2002-03.3. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 of 2024 dated 17.09.2024, amending the previotrs CircularNo.5 of 2024 dated 15.03.2024, by further enhancing the monetary,limits for filing appeals by the Income Tax Departr.nent before the \I l I I income Tax Appellate Tribunals, High Courts [and ]Supreme [Coufi]as a measure for reducing litigation. 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]tirnit. j. j. Therefore, the appeal filed by the Department [is ][dismissed in]tcrms of the aforesaid Circulal No.9 ol [2024 ][dated ][17.09.2024.]However, if the appeal comes within the exception of [Circular]No.5 of 2024, it would be open to the Income [Tax ][Deparlment to]seek revival ofthe appeal. There shall be no [order ][as ][to ][costs.] 6. Consequently, miscellaneous [petitions pending, ]il [any, ][shall]stand closed. Sd/. K. SRINIVASA NT REGISTRAR //TRUE COPY// S CTION OFFICER To, 1. The lncome Tax [Appellate Tribunal, Hyderabad Bench ]['B" ][Hyderabad] 2. The Commissionei [of lncome Tax (Appeals)-lV' ][Hyderabad] 3. the Oeputy [Commissioner of lncome Tax, ][Circle ][- ][6( ][1)' Hyderabad] 4. One Ci to'Sri [Prasad; ][Sc ][for ][lncome Tax ][ ] 5. One CC to M/s. [I\IN ][Adv6cates' Advocate ] 6. Two CD Copies ADt</ghw HIGH COURT DATED:1010212025 JUDGMENT |TTA.No.270 of 2010 DISMISSING THE ITTAWITHOUT COSTS 1\[b][)^r] lfFt.1HE [sTA],to21 tlln ?IJ/5*f,gnarnrr€