Itta/549/2011 Of Commissioner Of Income Tax-Iii, Hyd v. M/S. Sujana Metals Ltd, Hyd

IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD MONDAY,THE TWENTY FIRST DAY OF APRILTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY&THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL Nos: 549 & 513 0F 201.t INCOME TAX TRIBUNAL APPEAL No: 549 ot 2011: lncome Tax Tribunal Appeal filed under Section 260 A of the lncomeTax Act,1961,aggrieved by the Orders dt.21 .4.2011, of the lncome TaxAppellate Tribunal, Hyderabad Bench 'B', Hyderabad passed inl.T.A.No. 1 068lHydl2O10, for the Assessment Yearl 997-1998. Between: COMMISSIONER OF INCOME TAX-Ill,l.T. Towers, A.C. Guards, Hyderabad.APPELLANT ANDM/S. SUJANA METALS LTD, [;]'l 8, Nagar.juna Hills, Panjagutta,Hyderabad. ...RESPONDENT INCOME TAX TRIBUNAL APPEAL No: 513 ol 2O11: lncome Tax Tribunal Appeal filed under Section 260 A of the lncomeTax Act,196'1 ,aggrieved by the Orders dt.03.07.2009, of the lncome TaxAppellate Tribunal,Hyderabad Bench 'B', Hyderabad passed inl.T.A.No.1087lHydl2OO7, for the Assessment Year 2004-2005, on thefile of the lncome Tax Appellate Tribunal. Between: COMMISSIONER OF INCOME TAX-Ill,l.T. Towers, A.C. Guards, Hyderabad ...APPELLANT AND M/S. SUJANA METAL PRODUCTS LlMITED,18, Nagarjuna Hills,Panjagutta, Hyderabad. ...RESPONDENT tr' 1 Counsel for the Appellant:SRl B. NARASIMHA SARMA (SR SC FOR tT)(in both the Appeals)REPRESENTED BY MS.B.SAPNA REDDYCounsel for the Respondent: SRI B. KRISHNA REDDY(in both the Appeats) The Court made the following : COMMON JUDGMENT t HoESTI EPMKYANDERUSTICE NARSING RAO NANDIKNDAI.Tnd 513 of 2011OMMON JDET:[(per ]the Hon'ble Sn )ustice P. 5am Koshy) Heard Ms. [Bokaro Sapna Reddy, learned ][Junior ][Standing]Counsel for Income [Tax ][Department appearing ][on ][behalf ][of ][the]appellants and, [Mr. ][Krishna Reddy, ][learned ][counsel ][for ][the]respondents 2. I.T.T.A.No.549 [of 2Ol7 ][has ][been ][preferred by ][the ][Revenue as the]appellant under Section [2604 of the ][Income ][Tax ][Act, ][1961, ][(for ][short,]the'Act') against the order [dated 21.04.2011, ][passed ][by ][the ][Income]Tax Appellate Tribunal, [Hyderabad ]['B' ][Bench, ][Hyderabad, ][in]I.T.A.No.106B/Hyd/2070 [for ][the ][Assessment ][Year ][7997-98:. ][and]I.T.T.A.No.513 of 20LL [has also been ][preferred ][by ][the ][Revenue ][as ][the]appellant under Section [2604 ][of ][the ][Act ][against ][the ][order ][dated]03.07.2009, [passed ]by [the ][Income Tax Appellate ][Tribunal, ][Hyderabad]'B' in I.T.A.No.1087/HVd/2007 for the AssessmentBench, Hyderabad, Year 2004-05. 3. central Board of Direct raxes (CBDT) has issued circurar No.9 of2024 dated 17.09.2024, amending the previous Circular No.5 of 2024dated 15.03'202a, by further enhancing the monetary rimits for firingappeals by the Income Tax Department before the Income TaxAppellate Tribunars, High courts and supreme court as a measure forreducing litigation. In paragraph 2 of the said circurar, we find that themonetary limit fixed for filing an appeal before the High Court isRs.2.00 crore. 4In the instant appeal, tax effect is well below the monetary limit. 5. Therefore, the appear fited by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2024, dated L7.0g.2024. However, ifthe appeal comes within the exception of circular No.5 of 2024, itwould be open to the Income Tax Department to seek revivar of theappeaL 6. As a sequel, miscellaneous applications pending if any, shall stand closed. However, there shall be no order as to costs. To, t lncome Tax Appellate Tribunal, Hyderabad Bench [,8,,]Ihg HyderabadIhg Hyderabad 2 One CC to SRI B NARASTMHA SARMA, (SR SC FOR tT) tOpUCl.3. One CC to SRI B. KRISHNA REDDY, Advocate 3. One CC to SRI B. KRISHNA REDDY, Advocate 4. Two CD Copies, M, r HIGH COURT DATED:21 10412025 r l"l - [i,..' ]-\[.:.]ovcZ1 6 [juL ][2025]**SPi ICilr--9 COMMON JUDGMENTlTTA.Nos.s4g & 513 OF 2011 6. As a sequel, miscellaneous applications pending if any, shall stand closed. However, there shall be no order as to costs. To, t lncome Tax Appellate Tribunal, Hyderabad Bench [,8,,]Ihg HyderabadIhg Hyderabad 2 One CC to SRI B NARASTMHA SARMA, (SR SC FOR tT) tOpUCl.3. One CC to SRI B. KRISHNA REDDY, Advocate 3. One CC to SRI B. KRISHNA REDDY, Advocate 4. Two CD Copies, M, r HIGH COURT DATED:21 10412025 r l"l - [i,..' ]-\[.:.]ovcZ1 6 [juL ][2025]**SPi ICilr--9 COMMON JUDGMENTlTTA.Nos.s4g & 513 OF 2011 DISMISSING THE INCOME TAX TRIBUNALAPPEALS .1I tq II