Itta/303/2014 Of Commissioner Of Income Tax-Vi v. New Bombay Goods Transport Agencyf

134471 IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE ELEVENTH DAY OF JUNETWO THOUSAND AND TWENry FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 303 OF 2014 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act,1 961against the Order dated 27.11.2012 passed in ITA No.1220lHydl2012 for theAssessment Year 2006-2007 on the file of the lncome Tax Appellate Tribunal,Hyderabad Bench'B', Hyderabad. Between:Commissioner of lncome Tax-Vl, Hyderabad ...Appellant ANDNew Bombay Goods Transport Agency, 5-6-145, Special A Class, NamazGround Road, Agapura, Hyd. ...Respondent Counsel for the Appellant : Ms. Bokaro Sapna Reddy, Senior ;Sc for lncome Tax Counsel for the Respondent: Sri Manmohan Dundu representingSri GVNHari The Gourt delivered the following: Judgment THE HONOURABLE SRI JUSTICE P.SAIII KOSTryANDTHE IIONOT]RABLE SRI JUSTICE NARS tNG RAONANDIKONDA ITTA No.303 OF 2014 JUDGMENT[(per ]Hon'ble Sri Justice P.Sam Koshy) Heard Ms. B.Sapna Reddy, leamed Serrior StandingCounsel for the Income Tax Department for the appellant andMr. Manmohan Dundu, learned counsel representingMr. G.V.N.Hari, learned counsel for the respondent. Perused therecord. 2. This appeal under Section 260A of the Inr;ome Tax Act,1961, has been preferred by the Revenue as the appellantagainst the order dated 27.11.2012 passed by the Ingome TaxAppellate Tribunal, Hyderabad Bench 'B', I{yderabad,lnI.T.A.No. I 220 IHYD I 20 12 for the Assessment Year Z006 -07 . 3. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 of 2024 dated 17.09.2024, amending the provirus CircularNo.5 of 2024 dated 15.03.2024,by further enhancing the monetarylimits for filing appeals by the Income Tax Departrnent before the Income Tax Appellate Tribunals, High Courts and Supreme Courtas a measure for reducing litigation. In [paragraph ]2 of the [said]Circular, we find that the monetary limit fixed for filing an appealbefore the High Court is Rs.2.00 crore. 4. In the instant appeal, tax effect is well below [the ][monetary]limit. 5. Therefore, the appeal hled by the Department [is ]dismissed [in]terms of the aforesaid Circular No.9 of [2024 ][dated ][17.09.2024]I{owever, 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. ,/TRUE SD/- A.V.S. DEPUW It>.SECTTON To, 1. rhe [rncome ][rax ][APPerrate ][rribu:3lXtflS?iidench ]['8" ][Hvderabad] 3. 3X [3313 ][Uii ]['"1',1"*? ][fr""i"['loeucr] 4. Two [CoPies] ADK/gh Ytr HIGH COURT DATED:1110612025 JUDGMENTITTA.No.303 of 2014 DISMISSING THE ITTAWITHOUT COSTS 6."tq"\\+6(6r ''..;,) ,r.'fi":t ..B 3 StP lEri\\: