Itta/56/2016 Of The Commissioner Ocf Income Tax-I v. M/S.bharat Biotech International Limited

13447 | IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABADTUESDAY, THE TENTH DAY OF JUNETWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P,SAM KOSHY THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 56 OF 2016 Income Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act,1961, against order dated 30.O5.2O14 passed in IV.A.No.09/Hydl2O14 in ITA No.31OlHl12 for AY 2008-2009 on the file of the lncome Tax Appellate TribunalBench Hyderabad ['B', ]Hyderabad. Between: The Commissioner of lncome Tax-|, Hyderabad. ...Appellant / Respondent AND M/s. Bharat Biotech lnternational Limited, Genome Valley, Shameerpet,Ranga Reddy District. ...Respondent / Appellant Counsel for the Appellant:Sri N. Praveen Reddy (SC FOR INCOME TAX)Counsel for the Respondent:Sri K. VasantkumarThe Court made the following Judgment:- THE HON'BLE SRI JUSTIC [P.SAM KOSHY] AND THE HON'BLE SRI [ GRA] INCOME TAX TRI [ No.56 ] [2016] JUDGMENT(per Hoi'ble Sri Justice [P-Sam ][Koslt!)] Heard Mr.N.Praveen [Reddy, ][learned ][Standing Counsel ][for]Income Tax, [appearing ][on ][behalf ][of ][the ][appellant] 2. The instant appeai [under ][Section ][26OA ][of ][the ][Income Tax ][Act,]1g6 1, has been [preferred ][by the ][Revenue ][as the appellant against ][the]order dated 30.05.2014 [passed ][by ][the ][Income Tax ][Appellate ][Tribunal,]"B" [Bench, Hyderabad, ][in ][I.T.A.No'3 ][lOlHyd'l2Ol2 ][for ][tine]Hyderabad Assessment [Year ][2008-09.] 3. central Board [of ][Direct ][Taxes (CBDT) ][has ][issued ][circular ][No.9 ][of]2024 d.ated 17.o9.2o24, [amending ][the ][previous ][circular ][No.S of ][2024]dated 15.03.2024, [by further ][enhancing ][the ][monetar5r ][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 monetar5r limit [fixed ][for ][filing an ][appeal ][before ][the ][High ][court ][is]Rs.2.OO crore. I$ 4 In the instant appeal, tax effect is well below the monetar5z limit. 5. Therefore, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2O24 dated, IZ.Og.2O24. However, ifthe appeal comes within the exception of Circular No.S of 2024, itwould be open to the Income Tax Department to seek revival of theappeal. No costs. 6As a sequel, miscellaneous applications pending if any, shaiistand closed.stand closed. Sd/- B. SATYAVATHIJOINT REGISTRARSECTIht r,"=* //TRUE COPY// To, 1 . The lncome [Tax ][Appellate Tribunal Hyderabad Bench ]['8" ][Hyderabad']2. The Commissioner [of ][lncome ][Tax -1' ][Hyderabad']3. One [to ][Sri ][N. Praveen Reddy (SC ][FbR ] [TAX), Advocate ][ ]+. On" CC to Sri [K. ][Vasantkumar, Advocate ][ ]5. Two CD [CoPies]2. The Commissioner [of ][lncome ][Tax -1' ][Hyderabad']3. One [to ][Sri ][N. Praveen Reddy (SC ][FbR ] [TAX), Advocate ][ ]+. On" CC to Sri [K. ][Vasantkumar, Advocate ][ ]5. Two CD [CoPies] (k VC/kam HIGH COURTDATED:10/06/2025 JUDGMENTITTA.No.56 of [2016] :irlE S; IAI€k15 [sEP ][2025]t\* -ur/CEPAa([-'-t ][(-o] DISMISSING tFt3[g]