Itta/53/2025 Of Principal Commissioner Of Income Tax (Central) v. Shri B Srinivasa Rao

HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD WEDNESDAY,THE NINTH DAY OF JULYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDAINCOME TAX TRIBUNAL APPEAL NO: 53 OF 2025 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act,1961against the Order dated 15-07-2021 passed in ITA No.795/Hydl2014 for theAssessment Year 2005-2006 on the file of the lncome Tax Appellate Tribunal,Hyderabad Bench ['B', ]Hyderabad. Between: Principal Commissioner of lncome Tax (Central), 7th Floor, Aayakar Bhavan,Basheerbagh, Hyderabad-500004. ...APPELLANT AND Shri B Srinivasa Rao, H.No. 8-2-2931821C1172A, MLAs Colony, Road No. 12,Banjara Hills, Hyderabad - 500 034. (PAN No ADAPB59BSC) ...RESFONDENT Counsel for the Appellant: Mr. N. Praveen Reddy Counsel for the Respondent: NONE APPEARED The Court delivered the JUDGMENTfollowing: ,fHE HON'BLE SRI JUSTICE P.SAM ,KOSHYAND THE HCIN'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No.Sil OF 2O25 JUDGMENT'. @er Hc,r,bre sri Jusri..e [p.siom ]Ko.s/,1// Heard Mr. N. Praveen Reddy, learned St:Lrrrling Counsel forIncome Tax, erppearing on behalf of the appellant 2. The instant appeal under Section 260A of tre Income Tax Act,196 1, has be,:n preferred by the Revenue as the appellanl against theorder dated 15.O7 .2021 passed bv the Income Tzrx ,Appcllate Tribunal,Hyderabad "[i" Bench, Hyderabad, in I.T.A.No.79; lHydl2Ol4 for theAssessment Year 2005-06 3. Central Board of Direct Taxes (CBDT) has isstrecl Circular No.9 of2024 dated 1'7.O9.2024, amending the previous Circr-rlar No.5 of 2024dated 15.03.2024, by further enhancing the moner.ary limits for filingappeals by t he Income Tax Department before rh t, Income TaxAppellate Tribunals, High Courts and Suprcme Court as a measure forreducing litigzrtion. In paragraph 2 of the said Cir:r-rlar, we find thatthe monetary limit fixed for fiiing an appeal before tl-re High Court isRs.2.OO crore. 4In the instant [appeal, ][ta-x ][effect ][is ][well ][below the ][monetary ][limit] 5. Therefore, the [appeal ][filed ][by.the ][Revenue ][is ][dismissed ][in ][terms]of the aforesaid [Circular ][No'9 ][of ][2024 ][daled. ][17 'Og ]['2024 ][' ][However' ][if]the appeal [comes ][within ][the ][exception ][of ][Circular ][No'S ][of ][2024 ]' [it]would be open [to ][the ][Income ][Tax ][Department ][to ][seek ][revival ][of ][the]appeal. No [costs.] sha116As a sequel, [miscellaneous ][applications ][pending ][if ][any']stand ciosed SD/- [M.] JOINT ECTION /,TRUE To,1The lncome [Tax ][Appellate ][Tribunal' ][Hyderabad Bench ]['8" ][Hyderabad]2One CC [to ][Mr' ] [Praveen Reddy' Advocate ]JTwo CD [CoPies] 'IPK,/ghfr HIGH COURT DATED:0910712025 JUDGMENTITTA.No.Sit of 2025 ITTA IS DISMISSED 6.ofebk* ".:'.=:!:_11 [lHli ll], _i (r-,Joc-\\t)1a sEP ?wL9rto€