Itta/97/2016 Of The Commissioner Of Income Tax (Central), Hyderabad v. Smt.m.vijaya, Hyderabad

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY, THE TWENTY FOURTH DAY OF JUNETWO THOUSAND AND TWENry FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYANDTHE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDAINCOME TAX TRIBUNAL APPEAL NO: 97 OF 2016 Appeal filed under section 2604 of the lncome Tax Act, 196.1 , against theorder of the lncome-tax Appellate Tribunal, Bench "A", Hyderabad inlrA No.306/Hyd/2013, dated 06.06.2014 for the assessment year 2oo7 -og (servedon 07 07.2014) in PAN.No.APEPM1S10O.Between: THE COMMISSIONER OFTNCOME TAX (CENTRAL), HYDERABAD,Hyderabad ...APPELLANT AND Apartments, Road No. SMT M.VIJAYA, HYDERABAD, H.No. 1, Dwaraka Nagar, Saroornagar,'Hyderabad.11-.13-1 113t2tc1 , Sri Tirumata Arcade ...RESPONDENT counsel for the Appellant: sRl. praveen Reddy,standing counsel For lncomeTax Depa rtment Counsel for the Respondents: SRI N NARASIMHA RAO The Court made the foltowing: ORDER THE HON'BLE SRI WSTICE P.SAM KOSHY AND THE HOT{'BLE SRI JUSTICE NARSING RAO NA.IIDIKONDA INCOME TA)( TRIBT NAL APPEAL No.97 OF 2O16 DGMENTI- bet Hon'bte Sn.hlstice P.Sam Koshs) Heard Mr.Praveen Reddy, learned Standing Counsel for IncomeTax, appearing on behalf of the appellant 2. The instant appeal under Section 260A of the Income Tax Act,1961, has been preferred by the Revenue as the appellant against theorder dated 06.06.2014 passed by the Income Tax Appellate Tribunal,Hyderabad "A" Bench, Hyderabad, in I.T.A.No.306/Hydl2013 for theAssessment Year 2OO7-O8 3. Central Board of Direct Taxes (CBDT) has issued Circular No.9 of2O24 dated 17.O9.2024, amending the previous Circular No.5 of 2O24dated 15.03.2024, by further enhancing the monetary limits for ltlingappeals by the Income Tax Department before the Income [Tax]Appellate Tribunals, High Courts and Supreme Court as a measure forreducing litigation. In paragraph 2 of the said Circuiar, we find thatthe monetarl, limit fixed for filing an appeal before the High Court tsRs.2.OO crore 4- In the instant appeal, tax effect is well below the monetary limit 5. Therefore, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2024 dated 17.O9.2O24. However, ifthe appeal comes within the exception of Circular No.5 of 2024, itwould be open to the Income Tax Department to seek revival of theappeal. No costs 6. As a sequel, miscellaneous applications pending if any, shallstald closed. .S.M. [ ] .S.M. [ ]SD/. [A.V.S.S.C]OINT ECTION /TTRUE to'',. ,n" [lncome ][Tax ][Department Appellate ][Tribunal' ][Bench-A' Hyderabad][[-5' ][Hyderabad']][[Hyderabad']][[-5' ][Hyderabad']][[Hyderabad']] 2. [The ][Dy ][Commissioner of lncme ][Tax' ][Central Circle ][[-5' ][Hyderabad']][[Hyderabad']]For [ [ncome ]][[ncome ]][rax]For [ [ncome ]][[ncome ]][rax] 2. For [ [ncome ]][[ncome ]][rax]For [ [ncome ]][[ncome ]][rax]sono [ino ]. ":',"*' s;3!v' s;3!v' B:;fr?:"",1[i,:::ura 4 One [to ] [Advoaate ] 5. [Two CD ][CoPies] ry/ HIGH COURT DAIED:2410612O25 ORDERlTTA.No.97 ol 2016 DISMTSSING THE APPE,AL t 1r1E [St,]/t(o[R]C()U0 5 [2015]zCt.4Og )