Itta/66/2011 Of Commissioner Of Income Tax-Ii, Hyderabad v. M/S. Tirumala Homes Pvt.ltd

r' *t [34471 IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD THURSDAY, THE SIXTH DAY OF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYAND THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 66 OF 2011 Appeal filed under Section 260(A) of the lncome-Tax Act, against the orderdated. 31-07-2008 passed in lT(SS)A.No.36lHydl2004 (Block Period 199'1-92 to2000-01 and from 01 .04.2000 to 04.01 .2001) on the file of the lncome Tax AppellateTribunal Hyderabad Bench 'A', Hyderabad preferred against the Order dated:02-12-2003 passed in ITA No.052B/CC-4, Hyd/ClT(A)-1102-03 on the file of theCommissioner of lncome Tax (Appeals)-1, Hyderabad preferred against theAssessment Order dated: 31-01-2003 passed in PAN/GIR No. T-O3/AABCT 08228on the file of the Deputy Commissioner of lncome Tax, Central Circle-4, Hyderabad.Between: Commissioner Of lncome Tax-ll, Hyderabad. ...APPELLANT AND M/s. Tirumala Homes Pvt.Ltd.,,5-9-'189/1, Lenaine Estate, Abids, Hyderabad. ...RESPONDENT Counsel for the Appellant: Ms. J. SUNITHA Standing Counsel FOR INCOMETAXTAX Counsel forthe Respondent: SRI K. B. RAMANNA DORA The Court delivered the following: JUOGMENT t... I THE HON'BLE SRI JUSTICE [P.] AND THE HON'BLE SRI JUSTICE [N] INCOME TAX TRIBUNAL APPEAL[No.66 OF ][2Ol1] JUDGMENT:lper [Hor'ble ][Sri ][tustice ][P.Satu ][Koshy)] Heard Ms.J.Sunitha, learned [Standing Counsel ][for ][Income Tax,]appearing on behalf [of ][the appellant] 2. The instant appeal under Section 260A [of ][the ][Income Tax ][Act']. 196l, has been [preferred ]by the [Revenue ][as ][the ][appellant against ][tl-re]) ord". dated 31.07.2OO8 passed by the Income Tax Appellate Tribunerl, IHyderabad 'A" Bench, Hyderabad, in [I.T.(SS)A-N ][o.36/Hyd/2OO4- ][I] 3. Central Board of Direct Taxes [(CBDT) ][has ][issued ][Circular ][No.9 ][of]2024 dated 17.O9.2024, amending the [previous ][Circular ][No.S ][of ][2O24]dated 15.03.2O24, by further enhancing the [monetary ][limits ][for ][Iiling]appeals by the Income Tax Department [before ][the ][Income ][Tax]Appellate Tribunals, High Courts and Supreme [Court ][as a ][measure ][for]reducing litigation. In paragraph 2 of the said Circular, [we ][find that]the monetar5r timit fixed for filing an appeal [before ][the ][High ][Court ][is]Rs.2.OO crore. 4. In the instant appeal, ta-x efiect is well [below ][the ][monetaS' ][1imit.] :-a \ Page 2 of 3 5. 5. Therefore, the appeal Iiled by the Revenue is dismissed in termsof the aforesaid circurar No.9 of 2024 d,ated tz.og.2o24. However, ifthe appeal comes within the exception of Circular No.S of 2024, itu'ould be open to the Income Tax Department to seek revival of theappeal. No costs. As a sequel, miscellaneous applications pending if any, shall 6 sland closed. Sd/. A.V.S.S.C.S.M. SARMAJOINT REGISTRAR //TRUE COPYII SECTION OFFICER To, 1. The lncome Tax Appellate Tribunal Hyderabad Bench [,A,, ]Hyderabad 2. The Commissioner of lncome Tax (Appeals)-|, Hyderabad 3. The Deputy Commissioner of lncome Tax, Central Circle-4, Hyderabad. Hyderabad.4. One CC to I\/s. J. Sunitha, Standing Counsel for lncome Tax Department loPUCj 5. One CC to Sri K. B. Ramanna Dora, Advocate 6 Two CD Copies Plp/gh ,4c% HIGH COURT DATED:0610212025 JUDGMENTITTA.No.66 of 2011 DISMISSING THE APPEAL. rd^jr-, --,n! T?T.-:r.-J , ir. :.1; [,]I4:!.?',,:.)? t flr6*t