Itta/517/2011 Of Commisioner Of Income Tax -Iii v. M/S. Somaj Bscpl (Jv)

d 13447l IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD THURSDAY, THE SIXTH 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: 517 OF 2011 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act,1961against the Order dated 06-08-201 0 passed in ITA No. 1 72lHyd/201 0 for theAssessment Year 2006-2007 on the file of the lncome Tax Appellate Tribunal,Hyderabad Bench 'A', Hyderabad preferred against the Order dated 15-12-2009passed in Appeal No.0103/DC6(1yClT(A)-lV/08-09 on the file of the Commissionerof lncome Tax (Appeals)-lV, Hyderabad preferred against the Order dated03-07-2008 passed in PANNo.AACASO3BBF / GlR.No.S-3197 on the file of theAssistant Commissioner of lncome Tax, Circle - 6('1), Hyderabad. Between:Commisioner of lncome Tax -lll, IT Towers, A.C. Guards, Hyderabad. ...Appellant AND M/s. Somaj BSCPL (JV), 8-2-623151111114, Avenue-4 Banjara Hills,Hyderabad. ...Respondent Counsel for the Appellant : Ms.J Sunitha, SC for lncome TaxCounsel for the Respondent : Sri R Raghunandan The Court delivered the following: Judgment I THE HON'BLE [P.SAM][ KOSHY]AND THE HON'BLE SRI INCOME'TAX [ No.517 ] [2O11] JUDGMENT:(per Hon'ble Sn JlLstice P.Sam Koshg) Heard Ms.J.Sunitha, [learned ][Standing Counsel ][for ][Income Tax,]appearing on behalf [of the ][appellant.] 2. The instant appeal under [Section ][26OA ][of ][the ][Income ][Ta-x ][Act,]1961, has been [preferred ]by [the ][Revenue ][as the ][appellant ][against ][the]I--\-. order dated 06.08.20 10 passed by the [Income Tax Appellate ][Tribunal,]Hyderabad 'A" Bench, Hyderabad, [in ][I.T.A-No.172lHydl2Ol0 for ][the]assessment Years 2OO6-07. 3. Central Board of Direct Taxes [(CBDT) ][has ][issued ][Circular ][No.9 ][of]2024 d.ated 17.O9.2O24, [amending the previous ][Circular ][No.5 of ][2O24]dated 15.03.2024, by [further ][enhancing ][the ][moneta4r ][limits for filing]appeals by the Income [Tax ][Department ][before ][the ][Income ][Tax]Appellate Tribunals, High Courts [and ][Supreme ][Court ][as ][a measure for]reducing litigation. In paragraph 2 [of ][the ][said ][Circular, ][we ][hnd that]the monetary limit fixed for filing an [appeal ][before ][the ][High ][Court ][is]t'..t:Rs.2.O0 crore.r],.-,. r.y 4. In the instant appeal, tax effect is well below the monetary limit. 5. Therefore, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2O24 dated 17.O9.2O24. However, ifrhc appeal comes within the exception of Circular No.5 of 2024, itwould be open to the Income Tax Department to seek reviva,l of theappeal. No costs. 6. As a sequel, miscellaneous applications pending if any, shallstanci closed. Sd/- K. SRINIVASA JOINT REGISTRAR //TRUE COPY// ECTION OFFICER To, 1The lncome [Tax ][Appellate Tribunal, Hyderabad ][Bench ]['A" ][Hyderabad]2The Commissionei [of lncome Tax (Appeals)-lV, ][Hyderabad]3The Assistant [Commissioner of lncome Tax, ][Circle ][- ][6(1)' ][Hyderabad]4One CC to Ms.J [Sunitha, ] [for lncome Tax ][ ]5One CC to Sri [Raghunandan' Advocate ][ ]6Two CD CoPies ADK/ghw HIGH COURT DATED:0610212025 JUDGMENT!TTA.No.S17 of 2011 DISMISSING THE ITTAWITHOUT COSTS €-d'a&* 1e5I(evo16 APR [206]zati oEspnrc