Itta/4/2013 Of The Commissioner Of Income Tax v. M/S. Pavani Housing And Finance

IN THE BHIGH COURT FOR AT HYDERABAD TUESDAY, THE TWENTY TWO THOUSAND AND TWENTY PRESENT THE HONOURABLE SRI JUSTICE [P.SAM KOSHY]ANDTHE HONOURABLE SRI INCOME TAX TRIBUNA [NO: ][4 ] [2013] Appeal filed under section [260(A) ][of ][the ][lncome-Tax ][Act, ][against ][ihe ][order]dated. 30-09-2005 [passed ][in ][lTA. ][No.143/Hydl2003 ][for ][Assessment ][Years ][1990-91]to 1999-2000 on the file [of ][the lncome ][Tax ][Appellate ][Tribunal ][Hyderabad Bench ]['A"]Hyderabad [prefeired against ][the ][order ][dated: ][15-12-2003 ][passed ][in ] No.0200/cc-4, Hyd clr(A)-103-04 [on the ][file ][of ][the ][commissioner ][of ][lncome ][Tax](Appeals)-l,Hyderabadpreferredagainsttheorderdated:20-10-2003passedinGIR No. P-01/PAN:AABCP [4293Q on ][the ][file ][of ][the ][commissioner ][of ][lncome ][Tax](Central), Hyderabad. Between: The Commissioner of [lncome Tax, Central Circle, ][Hyderabad] ..APPELLANT AND M/s. Pavani Housing [And ][Finance, Flat ][No.302, ][Pavani Capital, ][6-2-976,]Khairatabad, HYderabad ...RESPONDENT Counsel for the Appellant: [MS. ][B. ][SAPNA REDDY, JUNIOR ][S'C' ][REP' ] SRI J V PRASAD, [S.C. FOR ] Counsel for the Respondent: [Mr. ][A. ][ROHAN' ][REP' ] SRI CH. PUSHYAM The Court delivered [the ][following: ] II THE HONOURABLE SRIJUSTICE P.SAM KOSTIYANDTHE IIONOURABLE SRI JUSTICE NARSING R{ONAI\DIKONDA ITTA No.4 OF 2013 JUDGMEN'I' per Hon'ble Sri Justice [P.Sam Koshy)] Heard Ms. B.Sapna Reddy, leamed Junior StandingCounsel repre'scnting Mr. J.V.Prasad, leamed Senior StandingCounsel lbr tlre Income Tax Department for the appellant andMr. A.Roh.an lcarned counsel representing Mr. Ch. PtrshyamKiran, learned r:ounsel for the respondent. Perused the record 2. 1'his appeal under Section 260A of the Income Tax Act,1961, has blr:n preferred by the Revenue as the acpellantagainst thc or<ler dateci 30.09.2005 passed by the Incorne TaxAppcllate Tribunal, Hyderabad Bench 'A', Hyderabad,lnLT.A.No.l,l3itjydi03 for the block period 1990-91 to 1999-20003. Central []oar-d of Direct Taxes (CBDT) has issued [tlircular]No.9 of 2024 d,ated 17.09.2024, amending the previous [tlircular]No.5 of 2024 ,lated 15.03.2024, by further enhancing the monetarylimits for filinz appeals by the Income Tax Department before the II Income Tax Appellate [Tribunals, ][High ][Courts ][and ][Supreme ][Court]as a measure for [reducing ][litigation. ][In ][paragraph ][2 ][of ][the ][said]Circular, we find [that ][the ][monetary ][limit ][hxed ][for ][hling ][an appeal]before the High [Court ][is ][Rs'2.00 crore.] 4. In the instant appeal, [tax effect ][is ][well ][below ][the ][monetary]limit. 5. Therefore, the appeat [filed ][by ][the ][Department is dismissed in]terms of aloresaid [Circular ][No.9 ][of ][2024 ][dated 17'09'2024'],the However, if the [appeal comes ][within ][the ][exception ][of ][Circular]No.5 of 2024, it [would ][be ][open ][to ][the ][Income Tax Depaftment to]seek revival ofthe [appeal. ][There shall ][be ][no ][order ][as ][to ][costs'] 6. Consequently, [miscellaneous ][petitions ][pending, ][if ][any, ][shall] To, stand closed Sd/- K. SRINIVASA OINT REGISTRAR ,TRUE COPY/i SECTION OFFICER 1 . The tncome [Tax ][Appellate Tribunal Hyderabad Bench ]['A" ][Hyderabad] 2. The Commissioner [of lncome Tax ][(Appeals)-1, Hyderabad]3. The Commissioner [of ][lncome Tax (Central) Hyderabad']4. One CC to Sri [J. ][V. ][Prasad, ][S-C. ][for lncome Tax, Advocate ][ ]5. One CC to Sri [Ch. Pushyam ][Kiran, ][Advocate ]6. Two CD CoPiesPlp/DL HIGH COURT DATED:2510212025 JUDGMENT lTTA.No.4 of 2013 DISMISSING THE APPEAL. idE [ri](el)tjo0/ IApn?[?5C)!)i.:if. [0]-11!* r-