Itta/67/2024 Of Principal Commissioner Of Income Tax-1 v. M/S.sri Sri Gruhanirman India Pvt Ltd

IN THE HIGH COURT FOR THE STATE OF AT HYDERABAD THURSDAY, THE THIRTIETH DAY OF JANUARYTWO THOUSAND AND TWENTY FIVE PRESENT , , THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO:67 OF 2024 Appeal under section 2604, of the lncome Tax Act, 1961 against [the order]daled. 28-02-2023 [passed ]in l.T.A.No.94/Hyd/2019, [for ][Assessment ][Year ][2015-]2016 on the file of the Court of the lncome Tax [Appellate ][Tribunal, ][Hyderabad]Bench "A", Hyderabad preferred against the Order dated 19.11.2018 [passed ][in]PAN/GIR No. , on the file of the Commissioner of [lncome ][Tax](Appeals) - 12, Hyderabad. Between: Principal Commissioner of lncome Tax-1, Hyderabad ...APPELLANT AND M/s. Sri Sri GruhaNirman lndia Pvt Ltd., Sri Sri House, [H.No.16-2-733/4/2, R ][B]Colony, Dilshuknagar, Hyderabad ...RESPONDENT Counsel for the Appellant: SRl. J V PRASAD [(SC ]FOR [INCOME TAX)] Counsel for the Respondent: SRl. DUNDU MANMOHAN The Court delivered the following: JUDGMENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HOINOURABLE SRIJUSTICE NARSING R,AONANDIKONDA ITTA No.67 OF 2024 JUDGMENT (per Hon'ble Sri Justice P.Sam Koshy) Heard 1t4r. J.V.Prasad, leamed Senior Standing Cotrnsel forthe Income I'ax Department for the appellant. Perused the record.2. This eLppeal under Section 260,4. of the Income l'ax Act,I 96 I , has [:br:en ]preferred by the Revenue as the appellantagainst the o"der d,ated 28.02.2023 passed by the Income TaxAppellate llribunal, Hyderabad Bench 'A', Hyderabad,lnI.T.A.No.94lH yd/2019 for the Assessment Year 2015-16 3. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 of ['2024 ]dated 17.09.2024, amending the previous CircularNo.5 of 2024.,lated 15.03.2024,by further enhancing the rnonetarylimits for filing appeals by the Income Tax Department before theIncome Tax Appellate Tribunals, High Courts and Suprerne Courtas a measure for reducing litigation. In paragraph 2 of the said I ,,.\ Circular, we hnd that the monetary [limit ][fixed for ][filing ][an appeal]before the High Court is Rs.2.00 [crore.] 4. In the instant appeal, tax effect [is ]well [below the ][monetary]limit. 5. Therefore, the appeal filed by [the Department is dismissed ][in]terms of the aforesaid Circular [No.9 ][of ][2024 ][dated ][17.09-2024]However, if the appeal [comes ][within ][the ][exception ][of ][Circular]No.5 of 2024, it would be open [to ][the Income ][Tax ][Department to]seek revival of the appeal. There [shall ][be ][no order ][as ][to ][costs.] 6. Consequently, miscellaneous [petitions ][pending, ][if ][any, ][shall]stand closed. Sd/- M. VIJAYA JOINT REGISTRAR //TRUE ECTION OFFIGER To i. 1 . The Commissioner +ii; i;iliri App"rrri. [of lncome ]iriounat,'uvoelabad. [Tax ][(Appeals) ][-12'. Hyderabad'][B-ench ]["A" Hvdellpa!']5. o;;'cc 6-snr. [V'pnndno, ][s-ta'tl"g-C.ounsel ][for lncome Tax ][[oPUC]]dc i" sii. [ouNDU ][MANMoHAN, ][Advocate ][[oPUC]]; il; 5. Two CD [CoPies] Prlgh ** HIGH COURT DATED: 3010112025 JUDGMENTlTTA.No.67 ol'2024 DISMISSING T'HE I.T.T.A vr -.---a.'i'fA r.,'367.,\(,t'I4...)[ 5 iiAB 2025cl!+'.,'\:'-t \. -.\:!".: .,',".-.\l!rn-l'{-.1."<: [*-y''],*--