Itta/411/2012 Of Commissioner Of Income Tax, Iii v. Sri P.v. Ramana Reddy

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 KOSHYAND THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 411 OF 2012 lncome Tax Tribunal Appeal Under Section 2604 of the lncome [Tax Act,1961]against the Order dated 06-01-2012 [passed ]in ITA No. ['1852/HYD/20'1 ][1 for ][the]Assessment Year 1999-2000 on the file of the lncome [Tax ][Appellate ][Tribunal,]Hyderabad Bench ['B', ]Hyderabad [preferred ]against [the ][Order dated ][22-9-2011]passed in Appeal No. 14llTO 6(3)/ClT(A)-lV/2O10-1 1 on the file of the Commissionerof lncome Tax (Appeals) - lV, Hyderabad [preferred against ][the ][Order ][dated]28-12-2006 passed in P.A.N. NO/G.l.R. [No: ]ADFPP2181F [on the ][file ][of the ][Assistant]Commrssioner of lncome Tax, Central Circle - 5, Hyderabad. Between: Commissioner of lncome Tax-lll, lT Towers, A.C. Guards, [Hyderabad.] ...APPellant ANDSri P.V. Ramana Reddy, Plot No- 28, Vivekananda Enclave, [Road No. ][2,]Banjara Hills, Hyderabad. ...Respondent Counsel for the Appellant : Sri J V Prasad, [Senior ]Standing [Counsel ][for]lncome-Tax Dept. Counsel for the Respondent : Sri B Krishna [Reddy]The Court delivered the following: Judgment THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No.411 OF 2OL2 JUDGMENT: A)er Hon'ble S.i Justice PSam Koshg) Heard Mr. J.V. Prasad, learned Senior Standing Counsel forIncome Tax, appearing on behalf of the appellant. 2. The instant appeal under Section 260A of the Income Tax Act,1961, has been prelerred by the Revenue as the appellant against the\ order dated 06.0l.2012 passed by the Income Tax Appellate Tribunal,Hyderabad "8" Bench, Hyderabad, in I.T.A.No.1B52/Hyd/11 for theAssessment Year 1999-2000. 3. Central Board of Direct Taxes (CBDT) has issued Circular No.9 of2024 dated 17.O9.2024, amending the previous Circular No.5 of 2024dated 15.03.2024, by further enhancing the monetary limits for filingappeals by the lrrcome Tax Department before the Income TaxAppellate Tribunals, High Courts and Supreme Court as a measure forreducing litigation. In paragraph 2 of the said circular, we lind thatthe monetary limit fixed for filing an appeal before the High court isRs.2.0O crore. l-z 4. In the instant appeal, tax [effect ][is ][well ][below ][the ][monetary ][limit.] 5. Therefore, the appeal filed [by ][the ][Revenue ][is ][dismissed ][in ][terms]of the aforesaid 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. Sd/- A.V.S[.S.C.S.M. SARMA] rrur nrctsrRaR J I/TRUE S CTION \ To, 1 The lncome [Tax ][Appellate ][Tribunal' ][Hyderabad ][Bench ]['B' ][Hyderabad]i iii " U" ru:, :;"j :l l;""T:*1",* !f:l . J;,i"lt iiiil 5, Tyd e:1b-tdi H? t3 [ii"S:, ][:",1;1:'#. ]["d* ][i", ]["s""i,s ][co ][u ][nse ] [ror ] [ncome-rax ][Dept]toPUCli iii " U" ru:, :;"j :l l;""T:*1",* !f:l . J;,i"lt iiiil 5, Tyd e:1b-tdi H? t3 [ii"S:, ][:",1;1:'#. ]["d* ][i", ]["s""i,s ][co ][u ][nse ] [ror ] [ncome-rax ][Dept]toPUCls. b""""c'i [to ][sri ] [Krishna Reddy' Advocate ][[oPuc]]6. Two [CD CoPies]6. Two [CD CoPies] ADKYx d ':a HIGH COURT DATED:30101t2025 JUDGMENT ITTA.No.411 of 2012 DISMISSING THE ITTAWITHOUT COSTS a4d\+et{"' I(9.Ju21 r4Ati 2025zIt.srrrr ctl