Itta/530/2011 Of Commissioner Of Income Tax-Iii, Hyd v. M/S. Sri Krishna Durga Ltd., Hyd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE SEVENTEENTH 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: 530 OF 2011 lncome Tax Tribunal Appeal under Section 2604 of the lncome Tax Act, 1961against the Order dated 30.09.2010 passed in lTA.No.41lH/2007 for the AssessmentYear 2003-04 on the file of the lncome Tax Appellate Tribunal, Hyderabad Bench 'B',Hyderabad, preferred against the Order dated 15.11.2006 on the file of theCommissioner - of lncome Tax (Appeals)-lV, Hyderabad, inAppeal.No.416lDClT.Cir.3(2)lClT(A)-lV/O5-06 preferred against the order dated28.12,2005 passed in PAN No. on the file of the DeputyCommissioner of lncometax-3(2), Hyderabad. Between: Commissioner of lncome Tax-lll, lT Towers, A.C. Guards, Hyderabad. ...Appellant ANO M/S. Sri Krishna Durga Limited., C-4, Uppal, lndustrial Area, Hyderabad. ...Respondent : Ms. Bokarao Sapna Reddy, Standing Counselfor lncome tax. Counsel for the Appellant Counsel forthe Respondent : Sri A V A Siva KartikeyaThe Court made the following: ORDER THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE NARSING RAO NANDII(ONDA INCOME TAX TRIBUNAI APPEAL No.53O OF 2011 JUDGMENT (per Hon'bb Sn Justice P.Sam Koshy) Heard Ms.Bokaro Sapna Reddy, learned Standing Counscl forIncome Tax, appearing on behalf of the appellzirrt. 2. The instant appeal under Section 260A of rhe Income Tax Act,1961, has been preferred by the Revenue as thc appellant aga.irrsi th.:order dated 3O.09.2O 10 passed by the Income 1'ax AppeiLrte ['l'ribunal,]Hyderabad "8" Bench, Hyderabad, in I.'l.A.No..l1lll1td/2OO7 for- thcAssessment Yeal 2OO3 -2OO4. 3. Central Board of Direct Taxes (CBDT) has issuerl Clirculhr No.(l ol2024 dated 17.O9.2024, amending the previolts Ciri:rriar l\Ic.5 o1' 20.24dated 15.03.2024, by further enhancing the r,c'neiarl.' lirr.its lbr tlliaqappeals by the Income Tax Department beto;-r. r.he lnr'oirtt: 'l':,rAppellate Tribunals, High Courts and Suprernc (tou11 irs a tne:rsurc forreducing litigation. In paragraph 2 of thre said tlircular. [-..,e ]fincl thi.rtthe monetary limit fixed for filing an appeal bi:iorr: the H:gh Colrrt isRs.2.OO crore. 4. In the instant appcal, tax effect is well [below ][the monetary ][limit.] 5. Thereforc, the nppeal hled by the Revenue is [dismissed ][in ][terms]of the aforesaid Circular No.9 of [2024 ][dated ][17.O9.2O24. ][However, ][if]thc appeal comes rvithin [the ][exception ][of ][Circular ][No.5 ][of ][2024, ][it]would be open to thc Income [Tax ][Department ][to ][seek ][revival ][of ][the]appcal. No co sts. 6. As a sequei, nrisceilaneous [applications ][pending ][if ][any, ][shall]sla ncl c'loseo SRTNIVASA Sd,. [K.]JtNT REGTSTRAR//TRUE CTION To,i ft f:m';:H;$?t"fr1ip"#trI'fltjiffi [::::""-",,,]4. One [to ][Ms ][Bokari]t"IJ"% [to ][sri ] [Siva Kartikeva' Advocate ][[oPUCl]i ft f:m';:H;$?t"fr1ip"#trI'fltjiffi [::::""-",,,]4. One [to ][Ms ][Bokari]t"IJ"% [to ][sri ] [Siva Kartikeva' Advocate ][[oPUCl], 6. Two [CD CoPies]6. Two [CD CoPies] DL/PSL HIGH COURT DATED:1710212025 ORDERITTA.No.530 of 201'l DISMISSING THE APPEAL 1\AE [rAf]eYJai,? [3 ] [2025]'t}Jtf-:)5 t y,,1,.1-r;l-:_::::_--:::;2 \