Itta/65/2014 Of Commr Of Income Tax [Tds], Hyderabad v. M/S Jayadarshini Housing Pvt Ltd., Hyderabad

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD WEDNESDAY, THE TWENTY SIXTH DAY OF MARCHTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY ANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 65 OF 2o't4 lncome Tax Tribunar Appear Under Section 2604 of the rncome Tax Act,1961against the order dated z9.o1.2o13 passed in rrA No.i362iHyotzor.t io. t"Assessment Year 2007 -2008 on the fire of the rncome Tax Appeilate Tribunar,Hyderabad Bench'A', Hyderabad. Between : Commissioner Of lncome Tax [Tds], Hyderabad, Hyderabad ...Appellant AND M/s Jayadarshini Housing pvt.Ltd, Hyderabad, plot No.1246. Level .1, GorlasRoad No.62, Jubilee Hills] Hyderabati. ... Respondent counsel for the Apperrant(s) : Mr.A.Rama Krishna Reddy, Junior standingCounsel for the lncome Tax Department Counsel for the Respondents : - - - The Court delivered the foilowing : JUDGMENT I\ THE I{I.)'{OURABLE [P.SAM ][KoSHIY]ANDTHE lI()''{()tJRABLE [R.d'O]NANDIKONDA ITTA No.65 o [2014] JUDGME\T[ryr ][llon'ble ][Sri ][Justice ][P.Sam ][Koshy)] Heald N'I. [A.Rama ][Krishna Reddy' ][leamed ][JLrnic'r ][St ][rnding]Counsel tbr [.hc ][lncome ][Iax ][Department ][for ][the ][appollaltF'erused]the record2. This, rpreal [under Section ][260,,4. ][of ][the ][Inr:ome ]['lax ][Act']1961. ha:, [bc,:tr preferred ][by ][the ][Revenue ][as ][tLe ][z'ppellant]the [o'rl,:r ][dated 28'08'2013 ][passed ][by the ][[nccrne ][Tax]against Appellate [frilunal, ][Hyderabad ][Bench'A" ][Hyderabad' ][in]I.T.A.No. ti [6-l ][I{1'd/201 ][1 ][for ][the ][Assessment ][Year ][11007-0t]3. Cetttr al loard [of ][Direct ][Taxes ][(CBDT) ][has issued ][Circular]No.9 of l(r.l: [tlated ][17.0g.2024, ][amending ][the ][Jrrevious ][Circular]No.5of20],lrlllted:t5.o3.2o24,byfurtherenhancingthenonetarylimits for f lirr: [appeals ][by the ][Income ][Tax ][Department Lefore ][the]Income 1a,: [.\ppetlate Tribunals, ][High ][Courts ][ancl ][Srrpre'ne ][Court]as a mei srrr( [1br ][reducing ][litigation' ][In ][paragraph ][ll ][o1 ][the ][said] I -l u Circular, we find that the monetary limit fixed for filing an appeal before the High Court is Rs.2.00 crore. 4In the instant appeal, tax effect is well below the monetarylimit.limit. 5Therefore, the appeal filed by the Department is dismissed interms of the aforesaid Circular No.9 of 2024 dated, 17.09.2024.However, if the appeal comes within the exception of CircularNo.5 of 2024,'it would be open to the Income Tax Deparlment toNo.5 of 2024,'it would be open to the Income Tax Deparlment toseek revival of the appeal. There shall be no order as to costs. 6. Consequently, miscellaneous petitions pending, if any, shallstand closed. SD/- MOHD. ISMAILDEPUTY REGISTRARIL,.1.,SECTION OFFICER //TRUE COPYII To,I'1. The lncome Tax Appellate Tribunal, Hyderabad Bench ,A,, Hyderabad2. One CC to A.Rama Krishna Reddy, Junior Standing Counsel tOpUCl3. Two CD CopiesSs/ hI,l" I --l HIGH COURT" DATED:26103111025 JUDGMENT'lTTA.No.65 of [2014] DISMISSING I'HE WITHOUT CO:STS oglilao' t-::r1!.rE [:; ]r,r,([o3])(J!)3 ti [JtJ-l ][Xl6]a/it)Frn^r,-._.:..:-.-