Itta/83/2010 Of Commissioner Of Income Tax-Ii v. Itw Signode India Limited

IN THE HIGH COURT FOR THE STATE OF AT HYDERABAD MONDAY, THE SEVENTEENTH TWO THOUSAND AND TWENry FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA ITTA No: 83 of 2010 lncome tax Trrbunal Appeal under Section [260-A ]of [the ][lncome tax ][Act, ][1961 ],against the Order of the lncome Tax [Appellate ][Tribunal, ][Hyderabad Bench ][A,]Hyderabad in ITA No.560/Hydl02 lor Assessment [Year ][1996-97 dated ][23-03-2007 ]'preferred against the Order of the Commissioner of lncome [Tax ][(Appeals) ][l,]Hyderabad dated 08-03-2002 in Appeal No. 04/Tr./CC-lll/C|T(A)-U99-00, [preferred]against the Order of the Deputy Commissioner [of ][lncome ][Tax, ][Central Circle-lll']Hyderabad dated 30-03-1999 in PAN/GlR No.N-S/CC-|ll/Hyd. Between: Commissioner of lncome Tax-ll, Hyderabad. ...APPellant AND ITW Signode lndia Limited, [Formerly ITW Signode lndia [Ltd] ][O/o.3'd ][Floor,]Itlerchant Towers, Banjara Hills, Hyderabad. ...Respondent Gounsel for the Appellant: Ms. J. Sunitha, [Junior Standing ][Counsel]representing Mr. P. Murali Krishna Counsel for the Respondent: Mr. Karthik [Ramana ][Puttamreddy] The Court delivered the following: JUDGMENT I) THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAONANDIKOI\DA ITTA No.83 OF 2010 JUDGMENT': (pcr Hon'ble Sri Justice P.Sam Koshy) I{eard Ms. J. Sunitha, leamed Junior Standing Counselrepresenting Mr. P.Murali Krishna, learned Senior StandingCounsel for the Income Tax Department for the appellant andMr. Karthik Ramana Puttamreddy, learned counsel for therespondent. Perused the record.2. 1-his appeal under Section 260,{ of the Income Tax Act,1961, has been preferred by the Revenue as the appellantagainst the order dated 23.03.2007 passed by the Income ['l'ax]Appellate Tlibunal, Hyderabad Bench 'A', Hyderabad,lnI.T.A.No.560/Hydl2002 for the Assessment Year 1996-973. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 of 2024 dated 17.09.2024, amending the previous CircularNo.5 of 2024 dated 15.03.2024,by fu*her enhancing the monetarylimits for filing appeals by the Income Tax Department before theIncome Tax Appellate Tribu4als, High Courts and Suprerne Court I I as a measure for reducing litigation. In [paragraph ][2 ][of ][the ][said]Circular, we find 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 ofthe appeal. There shall be no order [as ][to ][costs.] 6. Consequently, miscellaneous petitions pending, if any, [shall]stand closed. -z._ Sd/. K. SRINIVRAOJOINT REGTRAR //TRUE COPY// sEcTtoN oFFtcER To, 1. The lncome Tax Appellate Tribunal, Hyderabad Bench A, Hyderabad.2. The Commissioner of lncome Tax (Appeals) l, Hyderabad. 3. The Deputy Commissioner of lncome Tax, Centril Circle_lll, Hyderabad.4. One CC to Mr. P. Murali Krishna Advocate tOpUCI5. One CC to Mr. Karthik Ramana puttamreddy, Advocate tOpUCl 6, Two CD Copies Kanr./PSL Kanr./PSL+r HIGH COURT DATED:1710212025 JUDGMENT ITTA.No.83 of 2010 DISMISSING OFTHE APPEAL @W 1c5 ra6'2o16APRn6oIt