Itta/345/2015 Of The Commissioner Of Income Tax [Central] Hyderabad v. M P B Kutumba Rao, Hyderabad

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD FRIDAY, THE TWENTY EIGHTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No: 345 ot 2O15 Appeal filed under Section 260,4 of the lncome-Tax Act, 1961. against theorder dated 19-12-2013 in l.T.A.No 742lHydl2010 for the Assessment Year 2005-06passed by the lncome Tax Appellate Tribunal, Hyderabad "A" Bench, Hyderabad. Between: The Commissioner of lncome Tax [Central], Hyderabad. ...Appella nt AND Sri M.P.B Kutumba Rao. B-2-293l82lJ-lll, Plot No.244 Road No.78, Jubilee HillsHyderabad. ...Respondent Counsel for the Appellant: Ms. Bokaro Reddy, (SC FOR INCOME TAX) Counsel for the Respondent: Mr. A.V.A. Siva Kartikeya The Court delivered the following: JUDGMENT THE HON'BLE SRI JUSTTCE P.SAM KOSHYAND THE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME Tl\X TRIBUNAL APPEAL No.345 OF 2015 JTIDGMENT: t.r rron'bt. sn rl,".trce [p.:;am ]Koshy) Heard Ms.Bokaro Sapna Reddy, learneci Standing Counsel forIncome Tax, appearing on behalf of the appeilant. 2. The instant appeal under Section 26O4. of the Income Tax Act,1961, has been preferrcd by the Revenue as the appellant against theorder dated 19.12.2013 passed by the Income Tax Appellate Tribunal,Hyderabad '1{" Bench, Hyderabad, in I.T.A.No.742/Hyd,/2O1O for theAssessment Year 2O05-06. 3. Central Board of Direct Taxes (CBDT) has issued Circular No.9 of2024 dated 17.O9.2024, amending the previous Circular No.S of 2024dated 15.O3.2024, by further enhancing the nlonetary limits for filingappeals by the Income Tax Department before the Income TaxAppellate Tribunals, High Courts and Supremt: Court as a measure forreducing litigation. In paragraph 2 of the said Circular, we frnd thatthe monetar5r limit f-rxed for filing an appeal before the High Court isRs.2.0O crore. II Page 2 of 3 4, In the instant appeal, tax effect is [well ][below ][the monetary ][lirnit-] 5. Therefore, the appeai hied by the Revenue is dismissed in [terms]of the aforesaid Circular No.9 [of 2024 ][dated ][I7.O9.2O24. However, ][if]the appeal comes within the exception of Circular [No.S ][of ][2024 ]' [it]would be open to the Income Tax Department to [seek ][revival ][of ][the]appeal. No costs. 6As a sequel, miscellaneous applications [pending ]if [any, ][sha-ll]stand closed.- ^r SDI.K.SRINIVASA RAOJOINT REGISTRAR //TRUE COPY// SECTION OFFICER ITo,1The lncome Tax Appellate Tribunal, [Hyderabad ]["A"]nch, Hyderabad.2.One CC to Ms. Bokaro Reddy, [(SC FOR ] [TAX)IOPUC]]aOne CC to Mr. A.V.A. Siva [Kartikeya ][Advocate ]IOPUCI4.Two CD CooiesKitnt,'I'S I+y tr I HIGH COURT DATED:2810212025 JUDGMENT ITTA.No.345 of 2015 DISMISSING OFTHE APPEAL 6q\[ar]\\ ;:. 'i,.,.,'-!l'24: [, ][2i5]z*Di;