Itta/98/2016 Of The Commissioner Of Income Tax (Central), Hyderabad v. Sri V.chenna Kesava Rao

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYOERABAD THURSDAY, THE TENTH DAY OF APRILTWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHYAND THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 98 OF 2016 lncome Tax Tribunal Appeal Under Section 2604 of the lncome Tax Act,1961against the Order dated 06.06.2014 passed in ITA No.3'l 1/Hyd/20.13 for theAssessment Year 2007 -2008 on the file of the lncome Tax Appellate Tribunal,Hyderabad Bench'A, Hyderabad. Between: The Commissioner of lncome Tax (Central), Hyderabad ...Appellant AND Apartments, Road No.1, Dwaraka Sri V.Chenna Kesava Rao, H.No. 1-13-11 NAgar, 13l2lc1 saroornagar, , Sri Tirumala ArcadeHyderabad. ...Respondent Counsel for the Appellant :Ms. J Sunitha (Junior SC for lncome Tax) Counsel for the Respondent: Sri N Narasimha Rao The Court delivered the following: Judgment \\ THE HONOURABLE SRI JUSTICE P.SAM KOSITYANDTHE HONOURABLE SRI JUSTICE NARSTNG RAONANDIKONDA ITTA No.98 OF 2016 JUDGMENT[(per ][{on'ble Sri Justice P.Sam Koshy) Heard Ms. J.Sunitha leamed Junior Standing Counsel lorthe lncome Tax Deparlment for the appellant. Perused the record.2. This appeal under Section 260A of the Income Tax Act,196 I , has been pref'en'ed by the Revenue as the appellantagainst the order dated 06.06.2014 passed by the Incorne TaxAppellate Tribunal. Hyderabad Bench 'A', H1'derabad,lnI.T.A.No.3 I ti Hvd/2013 lbr the Assessment Year 2007-08.3. Central Board of Direct Taxes (CBDT) has issued CircularNo.9 ol 2024 dated 17.09.2024, amending the previous CircularNo.5 of 2024 dated 15.03.2024, by further enhancing thc monetarylimits lor filing appeals by the Income Tax Department before thelncorne Tax Appellate Tribunals, High Courts and Supreme Courlas a rneasurc tbr rcducing litigation. In paragraph ll of the said.l Circular, we find that the monetary limit fixed for filing an appealbefore the High Court is Rs.2.00 crore. 4 limit. In the instant appeal, tax effect is well belorv the lnonetary 5' Therefore, the appear fired by the Depanment is dismissed interms of the aforesaid Circular No.9 of 2024 dated 17.09.2024.lJowever, if the appeal comes within the exception ol CircularNo.5 of 2024, it would be open to the Income Tax Departtncllt toseek revival of the appeal. There shalr be no order as ro costs. 6Consequently, miscellaneous petitions pending, it. any, shallstand closedstand closed Sd/. K. SRINIVASA RAOJOINT REGISTRAR To, /" //TRUE COPY// SECTION OFFICER 1. The lncome Tax Appellate Tribunal, Hyderabad Bench 'A, Hyderabad 2. One CC to Ms. J Sunitha, Junior SC for lncome Tax, 3. One CC to Sri N Narasimha Rao, Advocate 4 Two CD Copies4 Two CD Copies ADt</PSL \qr HIGH COURT DATED: 1 0104t2025 JUDGMENTITTA.No.98 of 2016 DISMISSING THE ITTAWITHOUT COSTS G.ntqna&" ..-.rr-'- S [j^ ]''\.-.?!'(.^(((Oil sEPM,.)nc)i/.t*'r(l rrF-O