Mr. J v. Prasad Senior Standingcounsel [For ][The ][Appellant]Counsel Forthe Lncome [Tax Depadment

IN THE HIGH COURT AT HYDERABAD THURSDAY, THE THIRTIETH TWO THOUSAND AND PRESENT THE HONOORABLE [JUSTICE P.SAM KOSHY]ANDTHE HONOURABLE INCOME TAX TRIBUNAL [NO:274OF ][2017] Appeal [filed ][under Section 260(A) ][of the ][lncome-Tax ][Act', ][1961']..,ainst'tire [order ][dated. ][16.10.2015 ][passed ][in ][lTA.No. ][19361Hyd12014 ][for]I"X-'n.r"rrrent [Year ][2010-11 ][on ][the ][file ][of ][the ][lncome Tax ][Appellate]iriOrnuf [Hyderabad ][Bench ]['B', ][Hyderabad preferred ][against ][the ][Order]aut"a, [za.l-o ][2014 passed ][in ][PAN/GlR ][No. ][ , on ][thelile ][of ][the]issistant [Commissioner ][of ][lncome Tax ][Circle-16(2), ][Hyderaba! ][frgleleO]"I"inst [the ][Order dated: 24.09.2013 passed ][in ] [No. ][ ][on]ihfiii;';,h" [oeputy ][Commissioner ][of ][lncome Tax (Transfer Pricing)-ll, ][3'd]iioor, [Block, ] [T. ][Towers, A ] [Guards, ][Hyderabad ][- ][500004'] Between: The [Pr. ][Commissioner ][of ][lncome-Tax-4, ][Hyderabad-] ...Appellant AND M/s [Pegasystems Worldwide lndia ][P. ][LTD. ] [Cybercity, ][3rd ][floor, Block ][No ][2]Gachibowli, [HYderabad-500 032] ...Respondent : Mr. J. V. Prasad Senior StandingCounsel [for ][the ][APPellant]Counsel forthe lncome [Tax Depadment)] Counsel [for ][the ][ResPondent: ...] The [Court ][delivered ][the ][following:] THE HON'BLE SRI JUSTICE P.SAM KOSHYAND THE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No.274 OF 2Ol7 JUDGMENT . @et ttc,n bte Sn.rusrrcc p Sam Koshy/Heard Mr. J.V. Prasad, learned Senior Standing Counsel forHeard Mr. J.V. Prasad, learned Senior Standing Counsel forlncome Ta-x, appearing on behalf of the appetlant. 2. The instalt appea,l under Section 260A of thr, Income Ta_x Act,i96 1, has been preferred by the Revenue as the appellant against theorder dated 16.10-2015 passed by the Income Ta-r Appellate rrluunat,Hydcrabad "B" Bench, Hvderabad, in LT.A.No. t936 lHydl20t4 for theIAssessment Year 20 10- I I . 3. central Board of Direct Taxes (cBDT) has issued circular No.9 of2024 dated 17.o9.2024, amending the previous circular No.5 of 2024dated 15.03.2024, by further enhancing the monetarl' limits for filingappeals by the Income Tax Department before the Income TaxAppellate Tribunals, High courts and Supreme court as a measure forreducing litigation. In paragraph 2 of the said circular, we rind thatthe monetary limit lixed for iiling an appeal before the High court isRs.2.00 crore. 4In 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 lZ.Og.2O24. However, ifthe . appeal comes within the exception of Circular No.S 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/- A.V.S.S.C.S.M. SARMAOINT REGISTRARECTION OFFICERt OINT REGISTRAR //TRUE COPY// To, 1. The lncome Tax Appellate Tribunal Hyderabad Bench ['B',]Hyderabad.Hyderabad. 2. The Assistant Commissioner of lncome Tax Circle-16(2), Hyderabad.3. The Deputy Commissioner of lncome Tax [(Transfer ]Pricing)-ll, 3dFloor, D Block, l.T. Towers, A C Guards, Hyderabad - 500004.3. The Deputy Commissioner of lncome Tax [(Transfer ]Pricing)-ll, 3dFloor, D Block, l.T. Towers, A C Guards, Hyderabad - 500004. 4. One CC to Mr. J. V. Prasad Senior Standing Counsel for the lncomeTax Department Tax Department 5. Two CD Copies Do- tA Jo+ HIGH COURT DATED:30/01/2025 JUDGMENTITTA.No.274 ol 2017 DISMISSING THE ITTA. eJ,21hri,r [r[25 ]rstt D65e1rc