Itta/450/2012 Of Commissioner Of Income Tax-Iii v. M/S.softsol India Limited

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY, THE EIGHTEENTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 450 OF 2012 Appeal filed under Section 260(A) of the lncome-Tax Act, against the orderdated. 30-12-2010 [passed ]in lTA.No.1224lHydl2010 [(Assessment year 2006-2007)]on the file of the lncome Tax Appellate Tribunal Hyderabad [Bench ]['A', ][Hyderabad]preferred against the Order dated: 30-06-20 10 passed in Appeal No.358/DCIT Cir[[3(2yClT(A)-lV/09-10 on ][the ][file of the ][Commissioner ]][[the ][file of the ][Commissioner ]][[file of the ][Commissioner ]][[Commissioner ]][[of ][lncome ][Tax ][(Appeals)-lV,]][[lncome ][Tax ][(Appeals)-lV,]][[Tax ][(Appeals)-lV,]][[(Appeals)-lV,]]Hyderabad preferred against the Assessment Order dated: 04-12-2009 [passed ][in]PAN/GIR No S-23/ on the file of the Deputy Commissioner of lncomeTax, Circle-3(2), Hyderabad. 9 [[3(2yClT(A)-lV/09-10 on ][the ][file of the ][Commissioner ]][[the ][file of the ][Commissioner ]][[file of the ][Commissioner ]][[Commissioner ]][[of ][lncome ][Tax ][(Appeals)-lV,]][[lncome ][Tax ][(Appeals)-lV,]][[Tax ][(Appeals)-lV,]][[(Appeals)-lV,]] Between: Commissioner Of lncome Tax-lll, O/o.lT Towers, AC Guards, Hyderabad. ...APPELLANT AND M/s.SOFTSOL lndia Limited, Oio.Plot No.4, Software Units Layout, Cyberabad,Hyderabad. ...RESPONDENT Counsel for the Appellant: Ms. B. SAPNA REDDY, JUNIOR S.C. REP. FOR Mr. J.V. PRASAD, SENIORS.C. FOR INCOME TAX DEPARTMENT Counsel for the Respondent: SRI VIKRAM POOSERLA The Gourt delivered the following: JUDGMENT *o{t:: THE HONOURABLE SRIJUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAONANDIKOI\DA ITTA No.450 OF 2012 JUDGMENT: [(per ]llon'ble Sri Justice P.Sam Koshy) Heard Ms. B.Sapna Reddy, leamed Junior Standing Counsel reprcsenting Mr. J.V.Prasad, learned Senior StandingCounsel for the lncome Tax Department for the appellant. Perusedthe record. 2. This appeal under Section 260A of the Income Tax Act,1961, has been preferred by the Revenue as the appellantagainst the rrrder dated 30.12.2010 passed by thr: Income TaxAppellate Tribunal, Hyderabad Bench 'A', I.tyderabad,1nI.T.A.No. l 22 4 l HY D l 20 l0 for the Assessment Y ear 2.006 -07 .3. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 of 2021 dated 17.09.2024, amending the previous CircularNo.5 of 2024 dated 15.03.2024,by further enhancing the monetarylimits for filing appeals by the Income Tax Department before theIncome Tax .Appellate Tribunals, High Courts and Supreme Court I Fr as a measure for reducing litigation. [In ][paragraph ][2 ][of ][the ][said]Circular, we find that the monetary [limit ][fixed ][for ][filing ][an appeal]before the High Court is Rs.2.00 [crore.] 4. tn the instant appeal, tax effect [is ][well ][below ][the ][monetary]Iimit. 5Therefore, the appeal filed by the [Department is dismissed in]terms of the aforesaid Circular [No.9 ][of ][2O24 dated ][17.09-2024.]However, if the appeal comes [within ][the ][exception ][of ][Circular]No.5 of 2024, it would [be open ][to ][the lncome Tax Department ][to]seek revival ofthe appeal. [There shall ][be ][no ][order ][as ][to ][costs.] 6. Consequently, miscellaneous [petitions pending, ][if ][any, ][shall]stand closed. Sd/. K. SRINIVASA RAOJNT REGISTRARCTION OFFICER /TTRUE COPY// To,L The lncome Tax Appellate Tribunal Hyderabad Bench ,A,, Hyderabad2. The Commissioner of lncome Tax (Appeals)-lV, Hyderabad3, The Deputy Commissioner of lncome Tax, Circle-3(2), Hyderabad. 4. One CC to Sri J.V. Prasad, Senior S. C. for lncome Tax Department 5. One CC to Sri Vikram Pooserla, Advocate [OpUCl6. Two CD CopiesPlp/gh / ! .!al^ HIGH COURT DATED:1 810212025 G-';rJUDGMENTITTA.No.450 ot 2012 DISMISSING THE APPEAL gtu 6. Consequently, miscellaneous [petitions pending, ][if ][any, ][shall]stand closed. Sd/. K. SRINIVASA RAOJNT REGISTRARCTION OFFICER /TTRUE COPY// To,L The lncome Tax Appellate Tribunal Hyderabad Bench ,A,, Hyderabad2. The Commissioner of lncome Tax (Appeals)-lV, Hyderabad3, The Deputy Commissioner of lncome Tax, Circle-3(2), Hyderabad. 4. One CC to Sri J.V. Prasad, Senior S. C. for lncome Tax Department 5. One CC to Sri Vikram Pooserla, Advocate [OpUCl6. Two CD CopiesPlp/gh / ! .!al^ HIGH COURT DATED:1 810212025 G-';rJUDGMENTITTA.No.450 ot 2012 DISMISSING THE APPEAL gtu ii:[:t ]l.s!i5n5(Iu7Al),.Jirt)\' [,).]\.*\';)' -'-'^ -(-'.\\ ['.]--]