Itta/540/2013 Of The Commissioner Of Income Tax Ii v. Kmc Constructions Ltd

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD MONDAY, THE TWENTY FIRST DAY OF APRILTWO THOUSAND AND TWENry FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 540 OF 2013 Appeal under section 2604 of the lncome Tax Act, 196'1 against the orderdated ['16.03.2012 ]in ITA No.969/H/2002 in Assessment years 2000-01 on the fileof the lncome Tax Appellate Tribunal, Hyderabad Bench ['A' ]Hyderabad.Between : . The Commissioner Of lncome Tax ll, Hyderabad. ...Appellant AND M/s. KMC Constructions Ltd, 1-80-40/5P/58-65, Shilpa Homes Layout,Gachhibowli, Hyderabad. ...Respondent Counsel for the Appellant(s) : Ms.J.Sunitha, Junior Standing Counsel forlncome Tax on behalf of Ms.K.MamataSenior Standing Counsel for lncome Tax Counsel for the Respondent:AVASIVAKARTIKEYAThe Court made the following: JUDGMENT THHON[,BLE ]SRI JUSTI [P.S] HYANDTHE HON,BLE SRI ]USTI CE NARSING RAO NANDIKONDAINCOME TAX TRIBU[ NAL APPEAL ][N][o.54O ][o][f][ 2013] JUDGMET:[(per ]the [Hon'ble S.i ][)ustice ] [Sam Koshy)] Heard Ms. J. Sunitha, [learned Junior Standing ][Counsel ][for ][the] Income Tax appearing [on ][behalf ][of ][Ms. ][K. ][Mamata, learned ][Senior]Counsel [for the ][Income ][Tax ][for the ][appellant ][and,]Standing Mr. A.V.A. Siva Kartikeya, [learned ][counsel ][for the ][respondent'] 2.TheinstantappealunderSection2604ofthelncomeTaxAct,1g61, has been [preferred ][by ][the ][Revenue ][as ][the appellant ][against ][the]order dated 16.03.2072, [passed ][by ][the ][Income ][Tax Appellate Tribunal,]Hyderabad ["A" ]Bench, [Hyderabad, ][in ][I.T.A.No.969/Hydl2OO2 ][for ][the]Assessment Year [2000-01.] 3. Central Board of [Direct ][Taxes (CBDT) has issued ][circular ][No.9 ][of]2024datedlT.og.2024,amendingthepreviousCircularNo.5of2024dated 15.03.2024, [by further ][enhancing ][the ][monetary ][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 find ][that ][the] monetary limit fixed for fiting an appeal before the High Court i:Rs.2.00 crore. 4 In the instant appeal, tax effect is weil 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 17.09.2024. However, ifthe appeal comes within the exception of Circular No.5 of 2024, itwould be open to the Income Tax Department to seek revival of thea [ppea ]l. 6. As a sequel, miscellaneous applications pending if any, shallstand closed. However, there shall be no order as to costs. Sd/- M. RAMANA KRISHNAJOINT REGISTRAR ,\\&SEdnoN oFFICER //TRUE COPY// To, 1. The lncome Tax Appellate Tribunal, Hyderabad Bench 'A' Hyderabad 2. One CC to Sri K.Mamata, Advocate 3. One CC to SRI A V A SIVA KARTIKEYA, Advocate 4. Two CD CopiesTwo CD Copies svs/PSL W HIGH COURT DATED:21 10412025 JUDGMENTITTA.No.540 of 2013 DISMISSING THE ITTA G*64-\qr <(ila5 1HE (.)t\\** t)pspntc