Itta/645/2016 Of The Commissioner Of Income Tax (Central) v. Sr M. P.b. Kutumba Rao

HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD FRIDAY, THE TWENTY EIGHTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY & THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDAINCOME TAX TRIBUNAL APPEAL NO: 645 OF 2016 This Appeal is under section 260 A of the lncome Tax Act, ['196 ]1, aggrievedby the orders made in Tribunal in CO No. 411H12010 (in ITA No. 740lHl2O1A),dated 19-12-2013 for A.Y. 2003-04. Between The Commissioner of lncome Tax (Central),Hyderabad...,Appellant AndSRI M.P.B. Kutumba Rao,8-2-2931821J-lll, Plot No. 244,Road No. 78, Jubliee Hills,Hyderabad....Respondent For the Appellant. Ms. Bokaro Sapna Reddy, learned rep. for Sri J.V. Prasad, (SCfor Income Tax) For the Respondent: Sri A.V.A. Siva Kartikeya, Advocate The Court made the following: JUDGMENT THE HON,BLE SRI [P.SAI'T][ KOSHY] AND THE HON'B],E [ NARSING ] [N][ANDIKOIiIDA] INCOME TAX [ APPEAL ][So][.645 ][0r ][2016] JUDGMENT:(pet Hotl'bLe Sn [Justtc.e ][P.Sam ][KoshA)] Heard Ms.Bokaro [Sapna ][Reddy, ][learned ][Standilg ][Cor-rnsel ][for]Income Tax, [appearing on behalf ][of the ][appellant'] 2. The instant appeal [under ][Section ][260A ][of lhe ][Incomc ][Ttt-x ][Act']1961, has been [prelcrred ][by ][the ][Revcnuc ][as ][ll'rc ][appeliant against ][lhe]order dated [79.l12.2O73 ][passed ][by ][the Income Tax Appellate ][Tribunal']Hyderabad ["A" ][Bench, ][Hyderabad, ][in ][I'T'r\'No'740i ][Hydi ][2010 ][ior ][the]Assessment [Year ][2003-O4-] 3. Central Bo:trd of [Direct ][Taxes ][(CBDT) ][has ][issued Cii-cular No'9 ][of]2024 dated [17.O9.2O24, ][amending ][the ][previous ][Circular ][No'5 ][ol ][2024]dated 15.03.2 O21, [by ][further ][enhancing ][thc ][monetary ][limits lor ][filing]appeals by the [Income ][Tax ][Department ][befrrre ][the ][lncome ][Tax]Appellate Tribunals, [High Courts ][and ][Supreme ][Court ][as a measure ][for]reducinglitigaticln'lnparagraph2ofthesaidCircular.wel.lndthatlimit [hxed for ][hling ][an ][appeal before ][the ][High ][Court ][is]the monetary Rs.2.OO crore. PaBe 2 of 3 4ln the instant appear, tax effect is well bclow- the monetarv rimit. 5. Therefore, the appeal hled by the Revenue is dismissed in termsof thc aforesaid cirt;urar N..9 of 2024 dated rr.og.2o24. However, ifthe appeal comes viithin the exception of Circular No.S of 2024, itwould be open to the Income Tax Department to seek revival of theappe"rl. No cosls. To, 6As zr sequcl, miscellaneous applications pending if any, shallstanri close c1stanri close c1 SD/- K. SRINIVASA JOINT REGISTRAF]SECTION OFFICER //TRUE COPY// 1The lncome Tax Appellate [Tribunal, ][Bench ]['A' ][Hyderabad']2One CC to Sri J.V. i'rasad, [(SC ][for ][lncome Tax) Advocate ]IOPUC]1One CC to Sri A.V [Siva Kartikeya. Advocate ] 4Two CD CopiesYP HIGH COURTDArED.28t2t2025 5 Izr ( {'Q^l,/./Jo'9)27Jul.t [206]..j)Y,+{'JUDGIVENTOg.SPATCHEoITTA.No.645 of 2016 APPEAL IS DISIVISSED, NO COSTS G*?('aWw