Itta/96/2025 Of The Pr. Commissioner Of Income Tax-4 v. M/S. Pavani Structurals Pvt. Ltd

INTHEHIGHcoURTFoRTHESTATEoFTELANGANAATHYoERABAD WEDNESDAY,THE TWO THOUSAND PRESENT THE HONOURABLE [JUSTICE P.SAM KOSHY]&THE HONOURABLE [SRI JUSTICE NARSING RAO NANDIKONDA] INCOME TAX TRIBUNAL [NO: 96 ] [2025] lncome Tax Tribunal [APPeal]filed under Section [260-4 ][of ][the ][lncome ][Tax ][Act]1961,against the order [of]the lncome Tax [Appellate Tribunal, ][B-Bench,]Hyderabad,inlTA-No.478lHydt202o'daled15.01.2025fortheassessmentyear2016-17 Between: The Principal Commissioner [of income ][Tax4, ][Hyderabad] ...APPELLANT AND M/s. Pavani Structurals [Pvt. ][Ltd.' ][Door ][No.2-2-'1 ][105/10, ][Tilak Nagar]Hyderabad 500082,Telangana ...RESPONDENT CounselfortheAppellant:SRI.KSUDHAKARREDDY(SeniorStandingCounsel FOR INCOME [TAX)]Counsel for the ResPondent: The Court made [the ][following: ] I, THE HONOURABLE [P.SAM KOSTIY]ANDTHE HONOURABLE NANDIKONDA ITTA N0.96 0F [2025] JUDGMENT[(per ][Hon'ble ][Sri ][Justice ][P.Sam ][Koshy.l] Heard lvlr. K.Sudhakar [Reddy, leamed Senior ][Standing]Counsel for the [Income ][Tax ][Deparlment ][for ][the ][appellant']Perused the record. 2. This ap,peal under [Section ][260.{ ][of ][the ][Incotne ][Tax ][Act']1961, has b,:en [prefemed ][by ][the ][Revenue ][as ][the ][appellant]against the order dated [15.01 ][.2025 ][passed ][by ][the ][Income ][Tax]Appellate Tribunal, [Hyderabad ][Bench'B', ][l{yderabad' ][in]I.T.A.No.478rHydl2020 [for ][the Assessment ][Year ][2016-17 ][']3. Central Board of [Direct ][Taxes ][(CBDT) ][has ][issued ][Circular]No.9 of 2022'dated [17.09.2024, ][amending ][the ][previous Circular]No.5 of 2024 [dated ][15.03.2024, ][by ][further ][enhancing ][the ][monetary]limits for fiting [appeals ][by ][the Income ][Tax ][Department ][before the]Income Tax r\ppellate [Tribunals, ][High ][Courts and ][Supreme ][Court]as a measur€ for [reducing ][titigation. ][In ][paragraph ][2 ][of ][the ][said] II .\ - Circular, we find that the monetary [timit ][fixed ][for hling ][an appeal]before the High Court is Rs.2.00 crore 4. In the instant appeal, tax eflect is well below the [monetary]limit 5. Therefore, the appeal filed by the Deparlment 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/. K. SRINIVASA JOINT REGISTRAR //TRUE COPY// Rw-SECThJn oFFICER To, t. The lncome [Tax ][Appellate Tribunal, ][B-Bench' ][Hyderabad'] 2. One CC to [SRl. ] [(Senior ][Standing Counsel ][for]TNCOME TAX) TNCOME TAX) 3. Two CD CoPies Pcsd/gh *-'1 HIGH COURT DATED:1 610712025 JUDGMENTITTA.No.96 ot 2025 r .. -- [1.. ]1<-lvz2s [26]o.\4=.IDEs DISMISSING THE INCOME TAX TRIBUNAL APPEAL )o)4-