Itta/30/2010 Of Director Of Income Tax (Exemptions) Hyderabad v. Exhibition Society

13447 | IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD THURSDAY, THE THIRTIETH DAY OF JANUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 30 OF 2010 Appeal under Section 260(4) of the Income-Tax Act., 1961, against theorder dated. 13.10.2007 passed in lTA.No. 1002lHydl20O5 for the assessmentyears ['1997-98 ]to 2000-01 on the file of the Court of the lncome Tax AppellateTribunal Hyderabad Bench 'A', Hyderabad preferred against the Order dated:27 062005 passed in 1TA No.0088,0087,0085,0084/ADIT(E)-1, Hyd/ClT(A)-1l04-05 on the file of the Court of the Commissioner of lncome Tax (Appeals)-1,Hyderabad preferred against the Order dated: 31.03.2005 passed inAAATE1345E/E-03 on the file of the Court of the Assistant Director oflncometax(EXEMP)-1, Hyderabad. Between: Director Of lnconle Tax (Exemptions), Hyderabad ..APPELLANT AND Exhibition Society, Exhibition Grounds, M.J.Roacj, Hyderabad. ...RESPONDENT Counsel for the Appellant: Ms. B.SAPNA REDDY rep Sri. J.V.PRASAD Counsel for the Respondent: SRI C P RAMASWAMI The Court delivered the following: JUDGMENT I \ THE [HON'BLE ]SRIJUSTICE [P.SAM ] and NING RAO }{ANDIKONDAI.T.T.A.No .30 of 2010DGMENT Heard Ms. B.Sapna Reddy, learned Junior Standing Counselrepresenting Mr. J.V.Prasad, Iearned Senior Standing Counsel forIncome Tax Department for the appellant. Perused the record. 2. This appeal under Section 260A of the Income Tax Act, 1961,has been preferred by the Revenue as the appellant against the orderdated 13.10.2007 passed by the Income Tax r\ppellate Tribunal,Hyderabad Be nch 'A', Hyderabad, in I.T.A.No.1002/Hyd/05 for theAssessment Ycar 2000-2001. 3. Cenual Board of Direct Taxes (CBDT) has issued CircularNo.9 of 2021 dated 17.09.2024, amending the previous Circular I/No.5 of 2024 darcd 15.03.2024, by further enhancing the monetarylimits for filiryl appeals by the Income Tax Departrnent before theIncome'fax Appcllate Tribunals, High Courts and Suprcme Court asa measure for reducing litigarion. In paragraph 2 of rhe said Circular, -- [-1] \ we find that the monetary limit [fixed ][for ][filing ][at ][appeil before ][the] High Court is Rs.2.00 [crore.] 4In the instant appeal, tax effect [is well ][below ][the ][mofletary]limit. Therefore, the appeal [filed ][by ][the Department is ][dismissed ][in] 5 terrns of the aforesaid [Circular ][No.9 ][of ][2024 dated ][17'09'2024']However, if the appeal [comes ][within ][the ][exception ][of ][Circriar No'5]of 2024, it would [be open ][to ][the ][Income Tax ][Department ][to ][seek]revival ofthe appeal. [There ][shall ][be ][no ][ordet ][as ][to ][costs'] Consequently, miscellaneous [petitions ][pending, ][if ][any, ][shall]stand closed. Sd/- M. VIJAYA BHASKERJINT REGISTRARCTION OFFICER //TRUE COPY// To 1.The lncome Tax Appellate [Tribunal Hyderabad ][Bench ]['A', ][Hyderabad]2.The Commissionei bf lncome [Tax (Appeals)-1, ][Hyderabad']3The Assistant Director of lncometax(EXEMP)-1, [Hyderabad]4.One CC to SRl. B NARASIMHA [SARIVA, ][Advocate ] 5One CC to SRl. C P RAI/IASWAIV|, [Advocate ] b.Two CD Copies2.The Commissionei bf lncome [Tax (Appeals)-1, ][Hyderabad']3The Assistant Director of lncometax(EXEMP)-1, [Hyderabad]4.One CC to SRl. B NARASIMHA [SARIVA, ][Advocate ] 5One CC to SRl. C P RAI/IASWAIV|, [Advocate ] b.Two CD CopiesI'tUghuu HIGH COURT DATED:3010112025 JUDGMENTITTA.No.30 of 2010 DISMISSING THE ITTA 1HE [gI,q]t{.$(oo0 3 i{An 2025i,\c.'+F,1,'i.l [r.\' ]-