Itta/379/2015 Of Commr Of Income Tax-Ii, Hyderabad v. M/S Handum Industries Ltd., Medak Dist

IN THE H}GH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE NINTH DAY OF APRILTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYAND THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUN AL APPEAL NO: 379 OF 2015 lncome Tax Tribunal Appeal Under Section 260,4 of the lncome Tax Act,1 961against the Order dated 16-07-2014 [passed ]in ITA No.384/Hyd/2013 for theAssessment Year 2004-2005 on the file of the lncome Tax Appellate Tribunal,Hyderabad Bench 'A', Hyderabad. Between: Commissioner of lncome Tax-ll, lT Towers, A.C.Guards, Hyderabad. ...Appellant AND M/s Handum lndustries Ltd., Survey No.2961717,8 and'1 ['1 ], Sheri Bollarum,Jinnaram Mandal, Medak District. ...Respondent Counsel for the Appellant: Ms J SUNITHA Counsel for the Respondent: M/s MN ADVOCATES The Court made the following: JUDGMENT ! \ THE HON'BLE SRI JUSTICE [P.SAM ] AND THE HON'BLE SRI JUSTI [ NARSING RAO ] INCOME TA)( TRIBUNAL [No.379 ] [2015] JUDGMENT'. bet [Hon'bte ][Si ][Jllstice ][P-Sc,tu ][Koshg)] Heard Ms.J.Sunitha, learned Standing [Counsel ][for ][Income ][Tax,]appearing on beha-lf of the [appellant.] 2. The instant appeal under Section [260A of ][the ][Income ][Tax ][Act,]1961, has been preferred by the [Revenue ][as ][the ][appellant against ][the]order dated 1,6.O7.2014 [passed ]by the [Income Tax Appellate ][Tribunal,]Hyderabad 'A" Bench, Hyderabad, in [I.T.A.No.38a/Hydl2073 ][for ][the]Assessment Year 2OO4-05. 3. Central Board of Direct Taxes [(CBDT) ][has issued ][Circular ][No.9 ][of]2024 dated 17.Og.2024, amending the [previous ][Circular ][No.5 ][of ][2024]dated 15.O3 .2024, by further enhancing [the ][monetary ][limits ][for filing]the Income Tax [Department before ][the ][Income ][Tax]appeals by Appellate Tribunals, High Courts [and ][Supreme ][Court ][as ][a measure for]reducing litigation. In paragraph 2 of [the ][said Circular, ][rn'e ][find ][that]the monetar5z limit fi,xed for frling an [appeal before ][the High Court ][is]Rs.2.OO crore. \I 4. In the instant appeal, tax effect [is well ][below ][the monetary ][limit.] 5. Therefore, the appeal frled by the [Revenue ][is ][dismissed ][in ][terms]of the aJoresaid Circular No.9 of 2024 dated [17.O9.2O24- ][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. No costs. 6. As a sequel, miscellaneous applications [pending ][if ][any, ][shall]stand closed. S /-M RAMANA KRISHNAJOINT REGISTRAR//TRUE COPY//ECTION OFFICER To,'1 . The lncome Tax Appellate Tribunal, Hyderabad Bench ,A,, Hyderabad2. One.,CC to Ms J Sunitha, Advocate rIOPUC] 3. One CC to M/s MN Advocates, Advocate 4. Two CD Copies ABK I HIGH COURTDATED: 0910412025 DATED: 0910412025I245EPttrJUDGMENT.\\ITTA.No.379 of 2015 DISMISSING THE ITTA WITHOUT COSTS6I"E