Itta/62/2015 Of Pr. Commissioner Of Income Tax-2 v. M/S K. Raheja It Park (Hyderabad) Pvt. Ltd

IN THE HIGH COURT FOR THE STATE AT HYDERABAD TUESDAY, THE TWENTY FIFTH DAY OF MARCHTWO THOUSAND AND TWENTY FIVE PRESENT t34471 THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO lTTA.No: 62 OF 2015 lncome Tax Tribunal Appeal under Section 2604 of the [lncome ][Tax ][Act, ][1961]against the order dated 07-11-2015 for [Assessment ][Year ][2009-10 ][in]lTA.No.1040/Hydl2014 on the file of the Income [Tax Appellate Tribunal, Bench 'A']Hyderabad.Between: Pr. Commissioner of lncome Tax-2, lT Towers, [A.C-Guards, ][Hyderabad.] ...Appeltant AND M/s K. Raheja lt Park (Hyderabad) Private Limited, [Mindspace, ][Cyberabad,]Survey No. 64(part), APIIC Software Layout, ['l't ][Floor, Titus Towers, Building ][10,]Madhapur, Hyderabad. ...Respondent Counsel for the Appellant: Ms. J. Sunitha, Standing [Counsel ][for lncome ][Tax]Counsel for the Respondent: Sri P. Sri [Ram]The Court delivered the following: JUDGMENT THE HON'BLE SRT JUSTICE [P.SAM][ KOSHY] AND THE HON'BLE SRI WSTICE NAR INCOME TA)( TRIBUNAL APPEAL [No.62 ] [2015] JUDGMENT'. @er [Hon'bLe ][Sri ][Justice ][P.Sc,m ][Koshgl]Heard Ms.J.Sunitha, learned Standing [Counsel ][for ][lncome ][Tax,]appearing on behalf of the appellant. 2. The instant appeal under Section [260A ][of the ][Income Tax ][Act,]196 l, has been [preferred ]by the [Revenue ][as the ][appellant ][against ][the]order dated 07.11.2014 [passed ]by [the ][Income ][Tax Appellate Tribunal,]Hyderabad "A" Bench, Hyderabad, in I.T.A.No.1Oa)lHydl20 [14 ][for ][the]Assessment Year 2OO9- 10. 3. Central Board of Direct Taxe s [(CBDT) ][has ][issued ][Circular ][No.9 of]2024 dated 17.O9.2024, amending the [previous ] [rcular ][No.5 of 2024]dated 15.O3.2024, by further enhancing the [mont:tary ][limits ][for filing]appeais by the Income Tax Department [befor ]e [the ][lncome ][Tax ][t]{Appellate Tribunals, High Courts and Supreme Co -rr1, [as ][a ][measure for]reducing litigation. In paragraph 2 of the said Circular, we find thatthe moneta4r limit fixed for frling an appeal before the High Court [is]Rs.2.OO crore. \ lI \ l) 4, In the instant appeal, tax effect is well below the monetar5r limit 5. Therefore, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2024 dated 17.09.2024. 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. 6. As a sequel, miscellaneous applications pending if any, shallstand closed. Sd/. K. SRINIVASA JOINT REGISTRAR //TRUE COPY// SECTION OFFICER To,rabadrabad1The lncome Tax [Appellate ][Tribunal' ][Bench 'A' ][H] r lncome Tax 2One CC to Ms. [J. ][Sunitha, Standing Counsel fo]J. One CC to Sri [P. ][Sri ][Ram, ][Advocate ] 4. Two CD CoPiesJ. One CC to Sri [P. ][Sri ][Ram, ][Advocate ] 4. Two CD CoPiesKam./PSL HIGH COURT DATED:2510312025 JUDGMENT ITTA.No.62 of 2O15 DISMISSING OFTHE APPEALA/4.a2,/7,/zl '1tlhi4:\1(Oo,,.I.,,r7)0 3E(-,:)+* \tI