Itta/514/2011 Of Commissioner Of Income Tax-Iii v. M/S. Visu International Ltd

.\f, 13447 ) IIN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABADIMONDAY, THE SEVENTEENTH DAY OF FEBRUARYtTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No: 514 of 2011 Appeal filed under Section 260(4) of the lncome-Tax Act., [1 ][961 ], against [the]order dated 15-07-2011 passed in lTA.No.696/Hyd [12011 ]for the assessment [year]2006-2007 on the file of the lncome Tax Appellate Tribunal [Hyderabad ][Bench 'A']Hyderabad [preferred ]against the Order dated 28-03-2011 [passed ]in [lTA.No.]{. [., ][263/Cll-llll2010-1-1 on ][the file ][of ][the ][Commissioner ][of ][lncome ][Tax-lll, ][Hyderabad]preferred against the Order dated 31-12-2008 passed in PAN/GlR No.AABCV1S0OA /-359 on the file of the Deputy Commissioner of lncome Tax Circle- .3(3), Hyderabad. Between: . Commissioner of lncome Tax-lll, lT Towers, A.C. Guards, Hyderabad. ...Appellant AND M/s. Visu lnternational Limited, 104-106, Lumbini Enclave, Opp: NIMS HospitalPunjagutta, Hyderabad-S0O 082. ...Respondent Counsel forthe Appellant: Ms. Bokaro Sapna Reddy,Standing Counsel for lncome Tax Codnsel for the Respondent: None AppearedThe Court delivered the following: JUDGMENT r' THE HON'BLE SRI JUSTICE P.SAM KOSH\" AND THE HON'BLE SRI JUSTICE NARSING RAO I{AND]XONDA INCOMI' TAX TRIBUNAL APPEAL No.514 OF 2:O11 JUDGMENT:lFr [Ilon'blo ][S.i ][Justice ]P.S,m KoshA)Heard Ms.Bokaro Sapna Reddy, learned Standing Counscl forIncome Tax, appearing on behalf of the appellant. 2. The instant appeal under Section 260A ol the Income Tax Act,1961, has been preferred try the Revenue as thc eippella rt ir.gainst theorder dated 15.O7 .2Ol1 passed by the Income Tax Appellate ['l'ribunal,]Hyderabad '1\" Bench, Hyderabad, in I.T.A.No.696/Hydl20ll for theAssessment Year 2006-2007. {I3. Central Board of Direct Taxes (CBDT) has issuecl CLrcular No.9 of2024 dated 17.O9.2024, amending the previous Circul;rt No.5 of 2024dated 15.03.2024, by further enhancing the ironetarv limits for filingappeals by the Income Tax Department before tht inc.me TaxAppellate Tribunals, High Courts and Supreme Court as a measure forreducing litigation. In paragraph 2 of ttre said Circula.r'. we find rhatthe monetary limit fixed for frling an appeal belore the l-Iigh Court isRs.2.OO crore. r' \ 4. In the instzrnt appeal, tax effect [is ][weli 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 bc open to the Income [Tax Department ][to ][seek ][revival ][of ][the]appeal. No costs. dAs a sequel, miscellaneous [applications pending ][if ][any, ][shall]sta.nd close d. Sd/- A.V,S.S.C.S.M. SARMAJOINT REGISTRAR //TRUE COPY// SCTION OFFICER To, [.] '1 . The lncome Tax Appellate Tribunal Hyderabad Bench ,A' Hyderabad.. The lncome Tax Appellate Tribunal Hyderabad Bench ,A' Hyderabad. 2. The Commissioner of lncome Tax-lll, Hyderabad. 3. The Deputy Commissioner of lncome Tax Circle_3(3), Hyderabad. 4. one cc to Ms. Bokaro sapna Reddy, Standing counser for rncome TaxloPUClloPUCl5. Two CD Copies kanr/gho \ HIGH COURT" DATED:17102.12025 :. JUDGMENTITTA.No.514 of 2011 hs ATt€2?7I1AllMto[i]l.s latDISMISSING OFTHE APPEAI-.\,r/ II