M/S Namah Estates, Plot N0 v. Prasad, Senior Standing Counsel For The Lncome Taxdepartment

IN THE HIGH COURT FOR THE STATE OF TELANGANAAT HYDERABAD TUESDAY, THE EIGHTEENTH DAYOF FEBRUARYTWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHYANDTHE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL No: 510 of 2012 lncome tax Tribunal Appeal under Section 260-4 of the lncome tax Act, 1961 ,against the Order of the lncome Tax Appellate Tribunal, Hyderabad Bench A,Hyderabad in ITA No.507/Hyd/2009 for Assessment Year 2005-2006 dated 25-1'l-2009, preferred against the Order of the Commissioner of lncome Tax [(Appeals) ]lV,Hyderabad dated 30-01-2009 in Appeal No. 227llT0-6(1yClT(A)-lV/06-07, [preferred]against the Ord-er of the lncome{ax Offlcer, Ward-6(1), Hyderabad dated 27-12-2007 in PAN/GIR No.AADFN 6354R / N-346 Between: Commissioner of lncome Tax-lll, IT Towers, AC Guards, Masab Tank,Hyderabad. ...Appellant AND M/s Namah Estates, Plot n0.7, Doyen Galaxy, 6th floor, Srinagar Colony,Hyderabad. ...Respondent Counsel for the Appellant: Ms. B. Sapna Reddy, Standing Counselrepresenting Mr. J. V. Prasad, Senior Standing Counsel for the lncome TaxDepartment Counsel for the Respondent: Sri K. Vasant Kumar The Court delivered the following: JUDGMENT ,. [-]:,,'}: ]t.:==;72./: ['=l] THE HONOURABLE [P.SAM ] AI\DTHE HONOURABLE NANDIKONDA ITTA No.510 OF [2012] JUDGMENT[(per ][Hon'ble ][Sri ][Justice ][P.Sam Koshy)] Heard Ms. B.Sapna Reddy, [learned ][Junior ][Standing]Counsel representing [Mr. ][J.V.Prasad, ][leamed ][Senior ][Standing]Counsel for the [Income ][Tax ][Department ][for ][the appellant' ][Perused]the record. This appeal appeal under Section [[260.4 ][of ][the ][Income ]['[ax ][Act,]][[of ][the ][Income ]['[ax ][Act,]][[the ][Income ]['[ax ][Act,]][[Income ]['[ax ][Act,]][['[ax ][Act,]][[Act,]] 2. This appeal appeal under Section [[260.4 ][of ][the ][Income ]['[ax ][Act,]][[of ][the ][Income ]['[ax ][Act,]][[the ][Income ]['[ax ][Act,]][[Income ]['[ax ][Act,]][['[ax ][Act,]][[Act,]]1961, has been [preferred ][by ][the ][Revenue ][as ][the ][appellant]against the order [dated 25.11.2009 passed ][by ][the ][lncome ][Tax]Appellate Tribunal, [Hyderabad ][Bench ]['A', ][Hyderabad, ][in]I.T.A.No.507/HYD/2009 [for ][the ][Assessment ][Year 2005-06'] 3. Central Board of [Direct ][Taxes ][(CBDT) ][has ][issued ][Circular]No.9 of 2024 dated [17.09.2024, ][amending ][the previous Circular]No.5 of 2024 dated 15.03.2024, [by fuither ][enhancing ][the ][monetary]limits for filing appeals by [the ][Income ][Tax ][Department before ][the]lncome Tax Appellate Tribunals, [High ][Courts and ][Supreme ][Court] I I I i as a measure for reducing litigation. In paragraph 2 of the saidCircular, we find that the monetary limit fixed for filing an appealbefore the High Court is Rs.2.00 crore. 4. In the instant appeal, ta.x effect is well below the monetarylimit. 5. Therefore, the appeal hled by the Department is dismissed interms of the aforesaid Circular No.9 of 2024 dated 17.09.2024.However, if the appeal comes within the exception of CircularNo.5 of 2024, it would be open to the Income Tax Department toseek revival ofthe appeal. There shall be no order as to costs 6. Consequently, miscellaneous petitions pending, if any, shallstand closed Sd/- K. SRINIVASA JOINT SECTION //TRUE COPY// To,1. The lncome [Tax ][Appellate Tribunal' ][Hyderabad Bench ][A' ][Hyderabad']1. The lncome [Tax ][Appellate Tribunal' ][Hyderabad Bench ][A' ][Hyderabad'] i. in" c"**itsrn"i [bt ][lncome ][Tax ][(Appeals) ][lV' ][Hyderabad'] 5. rne rne [[tn"orn"-tax ][Officer, ][Ward-6(1 ]][[Officer, ][Ward-6(1 ]][[Ward-6(1 ]][), ][Hyd-erabad] 5. rne rne [[tn"orn"-tax ][Officer, ][Ward-6(1 ]][[Officer, ][Ward-6(1 ]][[Ward-6(1 ]]4. one CC to [Mr. ][J. ][v.'P;;;;,-b;;ioi ][Standing Counsel ][for ][the lncome ][Tax]Department 4. one CC to [Mr. ][J. ][v.'P;;;;,-b;;ioi ][Standing Counsel ][for ][the lncome ][Tax]Department 6. Consequently, miscellaneous petitions pending, if any, shallstand closed Sd/- K. SRINIVASA JOINT SECTION //TRUE COPY// To,1. The lncome [Tax ][Appellate Tribunal' ][Hyderabad Bench ][A' ][Hyderabad']1. The lncome [Tax ][Appellate Tribunal' ][Hyderabad Bench ][A' ][Hyderabad'] i. in" c"**itsrn"i [bt ][lncome ][Tax ][(Appeals) ][lV' ][Hyderabad'] 5. rne rne [[tn"orn"-tax ][Officer, ][Ward-6(1 ]][[Officer, ][Ward-6(1 ]][[Ward-6(1 ]][), ][Hyd-erabad] 5. rne rne [[tn"orn"-tax ][Officer, ][Ward-6(1 ]][[Officer, ][Ward-6(1 ]][[Ward-6(1 ]]4. one CC to [Mr. ][J. ][v.'P;;;;,-b;;ioi ][Standing Counsel ][for ][the lncome ][Tax]Department 4. one CC to [Mr. ][J. ][v.'P;;;;,-b;;ioi ][Standing Counsel ][for ][the lncome ][Tax]Department s. OnL cc [to ][Sri ][K. V-asant ][Kumar, ][Advocate ][[oPUC]] 6. Two CD [CoPies] kam iI HIGH COURT DATED:1810212025 JUDGMENT!TTA.No.S10 ot 2012 DISMISSING OFTHE APPEAL gg///[/s]/r/ 1il t- ck(qJ\\cilt,j2 [3 ] [2025],-\/*i OgatcP[9O]