Itta/332/2010 Of The Commissioner Of Income Tax-Iii v. M/S.softsol India Ltd

IN THE HIGH AT HYDERABAD TUESDAY, THE ELEVENTH TWO THOUSAND PRESENT THE HON'BLE [JUSTICE P.SAM KOSHY]ANDTHE HON'BLE [JUSTICE NARSING RAO NANDIKONDA] INCOME T [o: ][332 ][of ][2010] lncometaxTribunalAppealUnderSection260-AofthelncometaxAct,l96l,againsttheorderofthelncomeTaxAppellateTribunal,HyderabadBenchA,HyderabadinlTANo.TSTIHydl2oo6forAssessmentYear2003.04datedl5-02-2008, preferred [against the ][Order ][of ][the ][Commlssioner of ][lncome ][Tax ][(Appeals) ][lV']Hyderabaddatedl5.06-2006inAppealNo.413/DC.3(2)/clT(A)-lV/2005.06'preferredagainsttheorderoftheDeputyCommissioneroflncomeTax,Circle-3(2)'Hyderabad [dated 30-12-2005 ][in PAN/GIR ][No ][ / ][5-023'] Between:The Commissioner [of ][lncome-Tax-lll, ][lT ][Towers, ] [Guards' ][Masab ][Tank']Hyderabad. ...APPellant ANDM/s.Softsol [lndia ]Ltd, [Plot ][No.4, lnfocity, ][Madhapur, Hyderabad] ...Respondent Counsel for the [Appellant: ][Ms. ][Bokaro ][Sapna Reddy, SC ][FOR lT]Counsel for the [Respondent: Sri Challa ][Nagendra Prasad]The Court delivered [the ][following: ] I THE HON[,BLE ] [ JUSTI] [P.SAM][ KOSHY] AND THE HO[N'BLE ][S] [ NARSIN] [.IIDIKONDA] INCOME [No.33][2 ][()16'2010] JUDGMENT: o)er [Hon' ][)le ][Sri ][Jltstice ][P'Sam ][I(ostt,] Heard Ms.Bokaro [Sapna Reddy' ][learned ][Standing Counsel ][for]Incorne [Tax, ][appea:-ing ][on ][behalf ][of ][the appellant'] 2. The instant [:rppeal ][under ][Section ][26OA ][of ][the ][income ][Tax ][Act']1961,hasbeenpr':ferredbytheRevenueastheapl'eilantagirirrsttheorderdatecll5.o2.2o0spassedbythelncomeTzrxAp,pellateTribunal,Hyderabad ["A" ][Bench, Hyderabad' ][in ][I'T'A ][No ][757 ][lILvdl20A6 ][1br ][the]Assessment [Year ][21003-O4'] 3. Central Board [of ][Direct ][Taxes ][(CBDT) ][6215 ][!55qr:rl ][Clrcular ][No ][9 ][of]2024 dated, [17.Og ][2024, ][amending the ][previou" ][Cir';r'riar ][No ][5 of ][2024]dated 15.03. [2024, ][by ][further ][enhancing ][the ][monetrl' ][lirnits for ][fiiing]appeals by [the ][Income ][Ta-x ][Department before ][the ][Income ][Tax]Appellate [Tribunals, ][High Courts and ][Supreme ][Court. as ][a ][measl'tre ][for]reducing [litigatiorr. ][In ][paragraph ][2 ][of ][the ][said Cir:''r1ar' we ][find ][that]the monetary [limit ][fixed ][for ][filing ][an ][appeal ][befort ][the ][High ][Court ][is]Rs.2.O0 crore. 4. In the instant appeal, tax effect is well below the monetary limit. 5. Therefor.e, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2024 dated, 12.Og.2O24. However, ifthe appeal come.s rvithin the exception of Circular No.5 of 2024, itwould be open to the Income Tax Department to seek revival of theappeal. No costs 6. As a sequel,miscellaneous applications pending if any, shallstand clo.sed. Sd/. K. SRINIVASA JOINT REGISTRAR //TRUE COPY// CTION OFFICER To, 1. The lncome Tax Appellate [Tribunal, Hyderabad ][Bench ][A, ][Hyderabad] 2. The Commissioner [of ][lncome ][Tax (Appeals) ][lV, ][Hyderabad.] 3. The Deputy Commissioner [of ][lncome ][Tax, Circle-3(2), ][Hyderabad.] 4. One CC to Ms. Bokaro Sapna [Reddy, ] [lT ] 5. One CC to Sri Challa [Nagendra ][Prasad, ][Advocate ] 6. Two CD Copies kam lI I iII I: HIGH COURT DATED:1 110212025 JUDGMENT ITTA.No.332 ot 2010 DISMISSING OFTHE APPEAL uffi;,-i,1.',.k;17 APB 216I,l{){*,:,I\lc:clar, I