Itta/583/2016 Of The Commr Of Income Tax [Central] Hyderabad v. M P B Kutumba Rao, Hyderabad

IN THE HIGH COURTfO.R-TIE STATE OF TELANGANAAT HYDERABAD FRIDAY, THE TWENTY EIGHTH DAY OF FEBRUARYTWo rHousAND AND rwer.rii rrvE' PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYrHE HoNouRABLE sRr ,r.r,tlto^srNG RAo NANDTK.NDA rNcOME TAX TRI BUNAL APPEAL NO: 583 OF 2016 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Assessment against the order year 2002-2003 dated ,,g'lz-zots on the rir" pr*"J Litn""r""ome ir-lin No739rHydr2010 Act,.lg61for theCommissioner dated passed Hyderabad in Bench tTA of tncome No 0200 A, HyderabaO ra1$9g^e1fs)-r __to . OZO':/CC prefe".i' ol rfyaurlOrj Cirfnlllog_r ,gr,""i',ne preferred Order O Tax Apperate on against 1he Orderdated the fite .1 1_03_2010Tribunar,of the31'12-2009 passed in pRrrrlctR Assessment against the order year 2002-2003 dated ,,g'lz-zots on the rir" pr*"J Litn""r""ome ir-lin No739rHydr2010 Act,.lg61for theCommissioner dated passed Hyderabad in Bench tTA of tncome No 0200 A, HyderabaO ra1$9g^e1fs)-r __to . OZO':/CC prefe".i' ol rfyaurlOrj Cirfnlllog_r ,gr,""i',ne preferred Order O Tax Apperate on against 1he Orderdated the fite .1 1_03_2010Tribunar,of the31'12-2009 passed in pRrrrlctR Commissioner of lncome Tax, Central Cir.fu tioni6pi,r _ O 'Hrri""irnrOooerc on the fire of the Depury Between: The Commisioner of lncome Tax [Centrai] Hyderabad ..AppellanUAppella nt AND Jubitee3lyr?rfiJ:lgba [Rao' B'2'2s3t82tr-ut ][Prot ][No ][244.RoadNo. ][78, ] ... Respondent counsel for the Appefiant : Ms. Bokaro sapna Reddy, sc for rncome TaxCounsel for the Respondent : Sri A V A Siva KartikeyaThe Court delivered the following: Judgment THE I{ON'BLE SRI JU [P.ISAM ] AND THE HON'BLE [S] [N] INCOME TAX [BUNAL APPEAL lNo.583 OF ][2(016] JUDGMENT:kEr [Ilon'btp ][Sr,,tt|stice ][P.Som ][Kosh!)] Heard Ms.Bokaro Sapna [Reddy, ][learned Standing ][Counsel for]Income Tax, appearing [on behalf ][of ][the ][appellant.] 2. The instant appeal under [Section ][260A ][of ][the ][[nc-t>mc ][Tax ][Act,]1961, has been [preferred ][by ][the ][Revenue ][as ][the ][appellarrt against the]order dated 1g.12.2013 [passed ][by ][the ][Income ][Tax ][Appell:rtc ][Tribunal,]'A" [Bench, ][Hyderabad, ][in ][I.T.A-No.739lHyd/2OlO ][lor ][the]Hyderabad Assessment eat [2OO2-O3.] 3. Central Board of Direct [Taxes ][(CBDT) ][has ][issued ][Circular ][No'9 ][of]2024 dated 17.O9.2024, amending [tlte ][orevrorts ][Cii'cttlar ][No'S ][of ][2024]dated 15.O3.2O24, by [furthet' enhancing ][the ][monetary ][Iirnits ][f<"r ][l-rling]the [Income ][Tax ][Departmen ][i ][befote ][the ][lncome ][Tax]appeals by Appellate Tribunals, High [Courts and ][Supreme ][Court ][as it ][measure ][for]In [paragraph ][2 ][of ][the ][said ][Circular. ][u'e ][ltnd ][that]reducing litigation. the monetary limit hxed [for hling ][an ][appeal before ][the ][High ][Court ][is]Rs.2.00 crore. I \ \ Page 2 of 3 4in the instant appeal, tax effect is well below the monetary [limit'] 5. Therefore, the appeal hled by the Revenue is dismissed [in ][terms]of the aforesaid Circuiar No.9 of 2024 d,ated, t7.O9.2O24. [However, ][if]the appeal comes within the exception of Circular No,5 [of ][2024 ]' [it]q,ould be open to the Income Tax Department to seek revival of [the]appeal. No costs. 6As a sequel, miscelianeous applications pending if [any, ][shall]stand closecl.rr.--ar--- sD/-KsrutEt?sf;iR IiTRUE COPY// SECTTON The lncome [Tax Appellate Tribunal. ]Hyderabad [Bench 'A'. Hyderabad]The Commissioner of lncome Tax [(Appeals)-|, ]Hyderabad L^.JThe Deputy Commissioner of lncome iax, Centrat [Circle ]- [6, ][Hyderaoao]One Ci to Ms. Bokaro Sapna Reddy, Sc ior [lncome ][Tax ][, ]5. One CC to [Sri ] Siva Kartikeya, Advocate 6. Two CD Copies ""w I HIGH COURT DATED:2810212425 JUDGMENTtL,11'{hL [I.]i4 'c'/.s(lITTA.No.583 of 2016? 4 Ai,i?a?5i:'Iil*-!'Sl!,rr.1, [r-?'-] DISMISSING THE ITTAWITHOUT COSTS03 )