Itta/280/2011 Of The Commissioner Of Income Tax v. Kuldeep Singh Bagga

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABADWEDNESDAY, THE NINETEENTH DAY OF IVIARCHTWO THOUSAND AND TWENTY FIVEPRESENTTHE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDAITTANo:28Ool 2O11 Appeal filed under section 2604 of the lncome Tax Act, 196'l , against orderdated 17-08-2007 in ITA No. 698/Hyderabad/2006 forA.Y. 2OO1-O2 on the file oflncome Tax Appellate Tribunal, Bench ['B'. ]Hyderabad. Between: The Commissioner of lncome Tax, (Central) Hyderabad. ...Appellant AND Kuldeep Singh Bagga, 3-5-1 15, Narayanguda, Hyderabad. ...Respondent Counsel for the Appellant: Ms. B. Sapna Reddy, Junior Standing Counselrepresenting Mr. J.V. Prasad. Sr. SC FOR INCOME TAX Counsel forthe Respqndent: Sri Ch. Pushyam Kiran The Court delivered the following: JUDGMENT THE IIO VOURABLE SRIJUSTICE P.SAM KCISHYANDTHE IIO VOURABLE SRI JUSTICE NARSING R,\ONANDIKONDA ITTA No.280 OF 20tr JUDGMEIIU'... [, ]rcr Hon'ble Sri Justice p.Sam Koshy) Hearrl [il ]i. B.Sapna Reddy, leamed Junior Strrnding Counsel repre; (,nting Mr. J.V.prasad, leamed Senior. St,LndingCounsel for the lncome Tax Department for the appellant p.:rusedthe rccord. 2. This iqrp :al under Section 260,{ of the Incomc iqrp :al under Section 260,{ of the Incomc :al under Section 260,{ of the Incomc under Section 260,{ of the Incomc 260,{ of the Incomc of the Incomc the Incomc Incomc [[.l-zLx ]]Act,1961, has bet rr preferred by the Revenue as thc appellantagainst the or<:'r. dated \7.OB.2OO7 passed by the Inconre TaxAppellate [-l ]it Lrnal, Hyderabad Bench [.B,, ]I{yderabl.d, inI.T.A.No.69ttlH tdl2005 for the Assessment year 2OO1_02 This iqrp :al under Section 260,{ of the Incomc iqrp :al under Section 260,{ of the Incomc :al under Section 260,{ of the Incomc under Section 260,{ of the Incomc 260,{ of the Incomc of the Incomc the Incomc Incomc [[.l-zLx ]]Act, 3. Central B .,,ard of Direct Taxes (CBDT) B .,,ard of Direct Taxes (CBDT) .,,ard of Direct Taxes (CBDT) of Direct Taxes (CBDT) Direct Taxes (CBDT) Taxes (CBDT) (CBDT) has issued issued C rcularrcularNo.9 of 2,021 c:1ed 17.09.2024, amending the previous CircularNo.5 of 2024 rla rd 15.03.2024,by furtherenhancing rhe rnoretarylimits for fili,1ir rppeals by the Income Tax Department b,:fc,1s thsIncome Tax ,\p1 r"llate Tribunals, High Courts and Suprerre Court Central B .,,ard of Direct Taxes (CBDT) B .,,ard of Direct Taxes (CBDT) .,,ard of Direct Taxes (CBDT) of Direct Taxes (CBDT) Direct Taxes (CBDT) Taxes (CBDT) (CBDT) has issued issued C rcularrcular tI \ ,.\ as a measure for reducing litigation. In paragraph 2 of the saidCircular, we find that the monetary limit fixed for flling an appealbefore 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 Circular ' No.5 of 2024, it would be open to the Income Tax Department to seek revival of the appeal. There shall be no order as to costs 6. Consequently, miscellaneous petitions [pending, ]if any, shall stand closed. sd/-K ?S+HYt?$'sR / Y, //TRUE SECTION To, . The lncome The lncome [Tax Appellate ][Tribunal' ][eencfr-'!-'.lVjerabad'][[ioR ][tNcout rnx ]][Advocate ][[tNcout rnx ]][[oPuc]][[ioR ][tNcout rnx ]][Advocate ][[tNcout rnx ]][[oPuc]] . The lncome The lncome . one cc [to ][Mr. ][J.v. p,utu"o''stl ][sc ][[ioR ][tNcout rnx ]][Advocate ][[tNcout rnx ]][[oPuc]]. one cc [to ][Mr. ][J.v. p,utu"o''stl ][sc ][[ioR ][tNcout rnx ]][Advocate ][[tNcout rnx ]][[oPuc]] 1 2 [[oPUC]]. 5;; aa [io ][sii ][cr,. ][eusnvam ][Kiran' ] .7 4. Two [CD CoPies] (k Kam/PSL . '..- I \..-- - HIGH COIJIIITDATED:1ttltl3l202' JUDGMENT lTTA.No"2ttt of 2011 DISMISSINI3 OFTHE APPEAI. ( A--t)r\36 a\\os1Ht.;r,,reJo2t tn z6]*aOc Pit..,'.r.:o\\=:--