Itta/524/2016 Of The Prl.commissioner Of Income Tax-4 v. Pegasystems World Wide India Pvt Ltd

IN THE OF TELANGANAAT HYDERABADFRIDAY, DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE RAO NANDIKONDA ITTA No: 524 of 2016 Appeal filed [under Section ][260(A) ][of the ][lncome-Tax ]Act, 1961, against theorder dated 16-10-2015 [passed ][in ][lTA.No.1758lHydl2014 ]for the assessment year2O1O-2011 on the file [of the ][lncome Tax ]Appeltate Tribunal Hyderabad Bench ['B',]Hyderabad. Between: The Prl. Commissioner [of lncome Tax-4, ][Hyderabad] ...AppellanURespondent AND Pvt Ltd DLF cvbercitv' 3'd rroor' Brock No 2'' 3::^?f,tff5i%'|.,ffiit#33J!: [" ]' 3::^?f,tff5i%'|.,ffiit#33J!: [" ] ...RespondenUAppella nt Counsel for the Appellant: [Ms. ][B. Sapna Reddy, ]Juriior Standing Counselrepresenting Mr. J.V. [Prasad, Senior ][Standing ]Counsel for lncome TaxDepartmentrepresenting Mr. J.V. [Prasad, Senior ][Standing ]Counsel for lncome TaxDepartment Counsel for the Respondent: [Mr. ][A.V.Raghu ][Ram, ]learned counselrepresenting Mr. Dokuru Prabhakar Reddyrepresenting Mr. Dokuru Prabhakar Reddy The Court delivered [the ][following: ] THE HONOURABLE Szu JUSTICE P.SAM KOSHTANDTHE I'IOT-oURABLE SRI JUSTICE NARSING RAICNANDIKONDA ITTA No.524 OF 2016 JUDGMENT iur [IIon'ble ][Sri ][Justice ][P.Sam Koshy)] Hear,C Ms. B.Sapna Reddy, leamed Junior Standing Counsel represerrting Mr. J.V.Prasad, learned Senior StandingCounsel for the lncome Tax Department for the appellanl andMr.A.V.Rarghu liarn, learned counsel, representing Mr. Dc,kuruPrabhakar Reddr'. Iearned counsel for the respondent. Perused therecord 2. This appeal under Section 260,4. of the Income Tar. Act,1961, has beer pref-erred by the Revenue as the appellantagainst the crdcr dated 16. 10.2015 passed by the Incomt: TaxAppellate TribLural, Hyderabad Bench 'B', Hyderaba<I,lnI.T.A.No. 175 il lHyd,l20l4 lor the Assessment Year 2010- t 13. Central uozrrd ol- Direct Taxes (CBDl') has issued Ci-cularNo.9 of 20-14 drLted 17.09.2024, amending the previous CircularNo.5 of 2024 dated 15.03.2024,by further enhancing the morretarylimits for filing ap,peals by the Income Tax Department befor.e the I, Income Tax Appellate Tribunals, High Courts and Supreme Courtas a measure for reducing litigation. In paragraph 2 of the saidCircular, we find that the monetary limit fixed for filing an appealbefore the I{igh Court is Rs.2.00 crore.Circular, we find that the monetary limit fixed for filing an appealbefore the I{igh Court is Rs.2.00 crore. 4In the instant appeal, tax effect is well below the monetarvlimit.limit. 5. Therefore, the appeal filed by the Department is dismissed interms of the aforesaid Circular No.9 of 2024 dated 17.09.2024.However, if the appeal comes within the exception of CircularNo.5 of 2024, it would be open to the Incorne T'ax Depar.trnent toseek revival ofthe appeal. There shall be no order as to costs. 6Consequently, misccllaneous petitions pending, if any, shallstand closed.stand closed. Sd/. A.V.S.S.C.S,M. SARMAOINT REGISTRARSECTION OFFICER //TRUE COPY// To, '1 . The lncome Tax Appellate Tribunal Hyderabad Bench 'B', Hyderabad.2. One CC to Mr. J.V. Prasad, Senior Standing Counsel for lncome Tax[OpUC]3. One CC to Mr. Dokuru Prabhakar Reddy, Advocate TOPUC] 4. Two CD Copies kamigh {P HIGH DATED:1410212025 JUDGMENTlTTA.No.524 [a[2016] DISMISSING THE APPEAI.. I[bw] tiSt,r''e+i-)O 4 APH ;,ffi:.ili.t*.{ ol-:i'l: f(0 \