Itta/577/2012 Of Commissioner Of Income Tax (Tds) v. M/S. Suman Chit Fund (P) Ltd

.34471 rN rHE [couRr ][FORTEE^S"tI.J= ][oF ] r Hu [Rs ][DAY' ][r|lF, ]?t'#tIt^YJ-1H.Rtt TWO PRESENT THE [P'SAM ] THE [SRI TUSIilCDT'TNNSING ] rNCOME PEAL[NO: 577][ oF2][012] Tax [Act,1 ][961]2011 [for ][the]rncomeraxrribunartr-?i:iliit:',1!"i"'"i+"t-tl.?J?",^twllate [Tribunal,]i'"l'j':l#;, ?:',?'rteti-ozd[X";;'riie [o1 ][t'e ][rncome ][rax ][Appe]fuili]u; [b"nch'A, ][HYderabad'] Between: The Commissioner [of lncome ][Tax ][(TDS)' Hyderabad] ...ApPetlant AND M/s. Suman [Chit Funds (P) Ltd ]" [5-4-36/1' J N Road' Abids' Hyderabad'] ...ResPondent Counsel [for ][the ][Appellant: ][Ms ] [SUNITHA (JUNIOR SC FOR INCOME TAX]DEPT) Counsel for [the ResPondent: ]- - - - The Court made [the ][following: JUDGMENT] THE IIONOURABLE S SSTICE P.SAM KOSHYTHE HONOUROU'" .,TI" *^*s,r#$If [rNG ][RAo] TTTA No.577 OF 2012 JUDGMENT (per IIon'ble Sri Justice p.Sant Koshy) Heard Ms. J.Sunitha leamed Junior Standing Counsel fbrthe Income Tax Department for the appellant. perused the record.2. This appeal under Section 260A of the Incorne Tax Act,1961, has been preferred by the Revenue as tlie appellantagainst the order dated 10. l0.20ll passed by the Income.IaxAppellate Tribunal, Hyderabad Bench ,A,, Hyderabad, inI.T.A.No.605/Hyd/20II for rhe Assessment year 2007_08.3. Central Board of Direct faxes (CBDI) has issued CircularNo.9 of 2024 dated 17.0g.2024, amending the previous CircularNo.5 of 2024dated, 15.0j.2024, by furrher enhancing the monetarylirnits for filing appeals by the Income Tax Department belore theIncorne Tax Appellate Tribunals, High Courts and Supreme CourlaS a measure for reducing litigation. In paragraph 2 of thc said Circular, [we ][hnd that the monetary ][limit ][f,rxed ][for filing ][an ][appeal] before [the ][High ][Court ][is ][Rs'2'00 ][crore'] 4. In the [instant ][appeal' ][tax ][effect ][is well ][below ][the ][monetary] 1imit. 5. Therefore, [the ][appeal ][filed ][by the ][Depaftment ][is ][dismissed in]terms [of ][the ][aforesaid ][Circular ][No'9 ][of ][2024 ][dated 17'09'2024']However, [if ][the ][appeal comes ][within ][the ][exception ][of ][Circular]No.5 of [2024, ][itwould ][be open ][to ][the lncome ][Tax ][Department ][to]seek revival [of ][the ][aPPeal][ There shall ][be ][no order ][as ][to ][costs'] 6. Consequently, [miscellaneous ][petitions pending' ][if ][any' ][shall] stand closed. SD/- B. SATYAVATT'!!OINT //TRUE SECTI To . The lncome The lncome [Tax ][Appellate ][Tribunal' ][Hyderabad Bench ]['A" ][Hvderabad'][[ln"o-" ][Tax ][DeOt)' ]][[Tax ][DeOt)' ]][[DeOt)' ]][Advocate 1.. The lncome The lncome 2. One CC [to ][tvls.J.Sunitha' ][i""i"t ][S'" ][*j' ][[ln"o-" ][Tax ][DeOt)' ]][[Tax ][DeOt)' ]][[DeOt)' ]][Advocate 3. ffi A [i" ][sii ][k.n,ii ][Reddv, ][senior ][sc' ][Advocate ][[oPUC]]2. One CC [to ][tvls.J.Sunitha' ][i""i"t ][S'" ][*j' ][[ln"o-" ][Tax ][DeOt)' ]][[Tax ][DeOt)' ]][[DeOt)' ]][Advocate 3. ffi A [i" ][sii ][k.n,ii ][Reddv, ][senior ][sc' ][Advocate ][[oPUC]] 4Two CD [CoPies] ABK H]GH COURT DATED: lOtO4tZOzS JUDGMENT ITTA.No.577 ot 2012 DISMISSING THE ITTA WITHOUT COSTS b(1DD10 i\"