Itta/558/2010 Of The Commissioner Of Income Tax-Iii v. Sri K.bala Vishnu Raju

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY, THE ELEVENTH 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: 558 OF 2010 lncome tax Tribunal Appeal under Section 260-4 of the lncome tax Act, 1961,against the Order of the Income Tax Appellate Tribunal, Hyderabad Bench B,Hyderabad in ITA No.328lHyd/2004 for Assessment Year 2000-01 dated26.06.2009, preferred against the Order of the Commissioner of lncome Tax(Appeals) lV, Hyderabad dated 16.02 2004 in Appeal No 041/ACIT-6(1yC|T(A)-lV/03-04, preferred against the Order of the Assistant Commissioner of lncome TaxCircle-6(1), Hyderabad, dated 28.03.2003 in PAN/GIR No. B-797IAC.6(1). Between: The Commissioner of lncome Tax-lll, I.T.Towers, A.C. Guards, Masab Tank,Hyderabad. ...Appellant AND Sri K.Bala Vishnu Raju, Dr.NO. 6-3-3471221A Dwarkapuri Colony, Panjagutta,. ...Respondent Counsel for the Appellant : Ms. Bokarao Sapna,Standing Counsel for Income Tax. Counsel for the Respondent : Sri K. VasantkumarThe Court delivered the following: THE HON',BLE SRI JUSTICE [P.SAM ]K()!iH! ANDTHE HON'BLE SRI JUSTICE NARSING [N] INCOME TA]( TRIBUNAL APPEAL No.558 [2O1O] JUDGMENT'. ber ttot ['bte ]sn rustia' [Psom (oshel] Heard Ms.Bokaro Sapna Reddy, learned [Standing Counsel for]Income Tax, appearing on behalf [of ][the ][appellant.] 2. The instant appeal under Section 26OA [c;f ][the ][lncome ][Tax ][Act,]i961, has been preferred by the [Revenue ][as the ][apliellant ][against ][the]order dated 26.06.2OO9 [passed ][by ]the [Income ][T'ax P.;rPellate ][Tribr-ura1,]Hyderabad "8" Bench, Hyclerabad, [in ][I.T-A.No.328 ]lHvdl2OO4 [for the]Assessment Year 20OO-0 [1.] 3. Central Board of Direct Taxes [(CBDT) ][has ][issr-rt ][d ][Circular ][No.9 ][of]2024 dated, 17.O9.2024, amending the [previou:; ][Circr-rlar ][No-5 ][of ][2024]dated 15.o3.2024, by fi-rrther [enhancing ][the ][nroneten limits for tliing]appeals by the Income Tax [Department ][before ][ille ][Income ][Tax]Appellate Tribunals, High [Courts and ][Supreme Courl' ][Lls ][a measur-e ][for]In [paragraph ][2 ][of the ][said Circ-rlar' ][-'ve ][find that]reducing litigation. the monetar;z limit fixed for filing [an ][appeai befcre ][the ][High ][Court ][is]Rs.2.O0 crore. 4. In the insta.nt appeal, tax [effect ][is ][well below ][the monetary ][limit.] 5, Therefore, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular [No.9 ]of 2024 [dated ][17.O9.2O24. ][However, ][if]the appeal comes [r.vithin ]the [exception ][of ][Circular ][No.5 ][of ][2024, ][it]wor-rld be open tc) the Income Tax Department [to ][seek ][revival of ][the]appeal. No costs. 6, As a sequei, ruiscellaneous applications [pending ]if [any, ][shall]stand closed. HIGH COURT DATED:1110212025 JUDGMENT ITTA.No.558 ol 2010 DISMISSING THE APPEAL @.ld.[6]\I 1$[c. ][SlAr€]c)7-21 [h$ ][2[25]L)+t gr: ) p^1->.1;:-3