Itta/48/2016 Of The Commissioner Of Income Tax-I v. M/S. Avineon India Pvt. Ltd

IN THE HIGH AT HYDERABAD WEDNESDAY, '. --'.-TWO iHOUSAND AND TWENTY FIVE PRESENT THE HON'BLE [JUSTICE P.SAM KOSHY]ANDTHE HON'BLE ITTA. [N][O: ][48 OF][ 2016] lncome Tax [Tribunal Appeal ][under Section 260A of ][the ][lncome Tax ][Act' ][1961]the [order dated ][30-05-2014 ][for ][Assessment ][Year ][2f,0647 ][in]against lTA.No.1606/H/2010 [on ][the file ][of ][the ][lncome ][Tax ][Appellate ][Tribunal' ][Bench ]['B']Hyderabad. Between: The Commissioner [of ][lncome ][Tax-l' ][Hyderabad] ...Appellant AND M/s. Avineon [lndia Pvt' Ltd', White House' ][Block ][lll' ][lllrd ][Floor' ][Kundanbagh']Hyderabad....Respondent Gounsel for [the ][Appellant: ][Ms' ][B' ][Sapna ][Reddlr' ][Junior ][Standing ][Counsel]representing [Mr. ][J.v. ][P;t;;,';";ittTtunaing ][iounsel for ][the ][lncome ][Tax]Department Counsel [for the ][Respondent: ][None ][Appeared] The Court [delivered the ][following: ] --.=% THE HONOURABLE SRIJ{JSTICE P.SAM KOSHYANI)THE HONOT]RABLE SRIJUSTICE NARSING RAONANDIKONDA ITTA No.48 OF 2016 JUDGMENT @er [Hon'ble ][Sri ][Justica ][P.Sam ]Koshy) Heard Ms. B.Sapna Reddy, leamed Junior Standing Counsel representing Mr. J.V.Pra sad, leamed Senior StandingCounsel for the Income Tax Departrnent for the appellant. perusedthe record.the record. 2This appeal under Section 260,4. of the Income Tax Act,1961, has been preferred by tlie Revenue as thc appellant1961, has been preferred by tlie Revenue as thc appellantagainst the order dated 30.05.20 4 passed by the Income [-fax]Appellate Tribunal, Hyderabad Bench [,ts]H_vderabad,tnAppellate Tribunal, Hyderabad Bench [,ts]H_vderabad,tnL T.A.No. I 606 /l7y d/20 l0 for the Assessmenr year 2006-07 3. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 of 2024 dated 17.09.2024. amending rhe previous CircularNo.5 of2024 dated 15.03.2024, by further enhancing rhe monerarylimits for liling appeals by the Inc,_,me Tax Deparlmenr betbre theIncome Tax Appellate Tribunals. I ,igh Courts and Supreme Court as a [measure ][for ][reducing ][litigation ][ln ][paragraph 2 ]['ot ][the ][said]Circular, [we ][find ][that the mone|ary ][limit ][fixed for ][filing ][an appeal] before [the ][High ][Court ][is Rs'2'0t ][t ][crore'] 4In the [instant ][appeal, ][tax effect is ][wetl ][below ][the ][monetary]limit. Therefore, [[the ][appeal ][fileil ][by ][the ][Department ]][[appeal ][fileil ][by ][the ][Department ]][[fileil ][by ][the ][Department ]][[by ][the ][Department ]][[the ][Department ]][[Department ]][[is dismissed ]][[in]] 5. Therefore, [[the ][appeal ][fileil ][by ][the ][Department ]][[appeal ][fileil ][by ][the ][Department ]][[fileil ][by ][the ][Department ]][[by ][the ][Department ]][[the ][Department ]][[Department ]][[is dismissed ]][[in]]terms of [the ][aforesaid ][Circula'No9 ][of ][2A24 dated ][17'09'2024']However, [if ][the ][appeal comes ][rvithin the ][exception ][of ][Circular]No.5 of [2024, ][itwould ][be open ][to ][the ][lncome ][Tax ][Department to]seek revival [of ][the appeal' ][Ther': shall ][be ][uo order ][as ][to ][costs'] 6. Consequently, [miscellaneoirs ][petitions ][pending'][ if ][any, ][shall] stand [closed.] Sd/. K. SRINIVASA JOINT REGISTRARSECTIOFFICER //TRUE COPY// To,1. The lncome [Tax Appellate ][Tribunal, ][Bench ]['B' Hyderabad']i: o"; CC to [Mr. ][J.V. ][Prasad, ][Senior ][Standing Counsel ][for ][the ][lncome ][Tax]Department 3. Two CD Cop'tes Kam/PSL% HIGH COURT DATED:2 Ot03lZO2S JUDGMENTlTTA.No.48 of 2016 DISMISSING OFTHE APPEAL OLTi{t.c'\oL .'' Ll05 20fiEsp.rr