Itta/99/2016 Of The Commissioner Of Income-Tax-I, Hyderabad v. Coromandel International Limited, Secunderabad

IN THE HIGH COURT FOR THE STATE OF AT HYDERABAD MONDAY, THE SEVENTH DAY OF APRILT\ [/O ]THOUSAND AND nVENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P,SAM KOSHYAND THE HON'BLE SRI JUSTICE NARSING RAO l.T.T.A.No: 99 OF 2016 Appeal under section 260A of the [lncome ][Tax Act, ][against ][the ][order ][in]l.T.A.No.'l ['157lH ]12014 daled 21-11-2O14 for [Assessment ][Year ][2008-09 on ][the ][file]of the lncome-tax Appellate Tribunal, [Hyderabad Bench B, ][Hyderabad.] Between: The Commissioner of lncome-Tax-1, Hyderabad. ...Appellant AND Coromandel lnternational Limited, Coromandel [House, ][1-2-10, ][S.P.Road,]Secunderabad. ...Respondent Counsel for the Appellant: Ms. B. Sapna Reddy [(SC FOR INCOME ][TAX)] Counsel for the Respondent: Sri A.V. Raghu Ram The Court delivered the following: JUDGMENT THE HON'BLE SRI JUSTICE [P.SAU ] AITD THE HON'BLE SRI JUSTICE NARSI[ItG ] INCOME TA)( TRIBUNAL APPEAL Ito.99 JUDGMEIYT:(per Hoa'ble Si Justi@ P.Satu Koshy) Heard Ms.B.Sapna Reddy, learned Standing [Counsel ][for ][Income] Tax, appearing on behalf of the appellant. 2. The instant appeal under Section [26OA ][of ][the ][Income ][Tax ][Act,]1961, has been preferred by the Revenue [as ][tJle ][appellant ][against ][the]order dated 2l.lt.2Ol4 [passed ]by the [Income ][Tax Appellate ][Tribunal,]Hyderabad "B" Bench, Hyderabad, in [I.T.A'No.1157 ]lHydl2ola [for ][the]Assessment Year 2OO8-09. 3. Central Board of Direct Taxes of Direct Taxes Direct Taxes Taxes [[(CBDT) ][has ][issued ][Circular ][No.9 ]][[has ][issued ][Circular ][No.9 ]][[issued ][Circular ][No.9 ]][[Circular ][No.9 ]][[No.9 ]][[ol']]2024 dated. 17.O9.2024, amending the [previous ][Circular ][No.5 ][of ][2O2'{]dated 15.03.2O24, by further enhancing the [monetar5r ][limits ][for ][liling]appeals by the Income Tax Department [before ][the ][lncome ][Ta-x]Appeltate Tribunals, High Courts and Supreme [Court ][as ][a ][measure ][for]reducing titigation. In paragraph 2 of the said Circular, [we ][find ][that]the monetary limit hxed for filing an appeal [before ][the ][High ][Court ][is]Rs.2.0O crore. Central Board of Direct Taxes of Direct Taxes Direct Taxes Taxes [[(CBDT) ][has ][issued ][Circular ][No.9 ]][[has ][issued ][Circular ][No.9 ]][[issued ][Circular ][No.9 ]][[Circular ][No.9 ]][[No.9 ]][[ol']] 4. In the instant appeal, tax effect is well belorv the monetar5r limit. 5. Therefore, the appeal filed by the Revenue is dismissed in termsof the aforesaid Circular No.9 of 2024 dated 17.09.2024. 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, shallstand closed. Sd/. K. SRINIVASA RAOJOINT REGISTRARli/.--SECTIoft orrrcen //TRUE COPY// To,'1. The lncome{ax Appellate Tribunal, Hyderabad Bench B, Hyderabad2 One CC to Ms. B. Sapna Reddy (SC FOR INCOME TAX) 3. One CC to Sri A.V. Raghu Ram, Advocate {OPUCI4 Two CD CopiesKanVpsl HIGH COURT DATED:0710412025 JUDGMENT ITTA.No.99 of 2016 DISMISSING OFTHE APPEAL .,,l'J,c.o(11 luL (o2u25*.,; ){I(lrircr-irn