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Income Tax Appellate Tribunal, HYDERABAD BENCH “A”, HYDERABAD
Before: SHRI A. MOHAN ALANKAMONY & SHRI V. DURGA RAO
PER V. DURGA RAO, J.M.:
These appeals by the Revenue are directed against the orders of Commissioner of Income Tax (Appeals) - 12, Hyderabad for the AYs 2004-05 and 2005-06. 2. When these appeals are taken up for hearing, ld.AR has submitted that the tax effect involved in these appeals are below Rs.50.00 lakhs
2 ITA Nos. 679/H/15 and others Fincity Investments Pvt. Ltd. and others. and as per the CBDT Circular No. No.17/2019, dated 08/08/2019, these appeals are not maintainable and requested for dismissal of the same.
On the other hand, ld. DR fairly accepted that the tax effect involved in these appeals are below Rs. 50.00 lakhs.
In view of the CBDT Circular No.17/2019, dated 08/08/2019, which was followed by Notification No.279/Misc/M-93/2018-ITJ, dated 20/08/2019 wherein it was clarified that the revised monetary limits mentioned in Circular No.17/2019 are applicable to all pending appeals also, these appeals filed by the Revenue are not maintainable and are dismissed accordingly.
In the result, all the appeals filed by the Revenue are dismissed. Order Pronounced in open Court on this 23rd October, 2019.
Sd/ Sd/- (A. MOHAN ALANKAMONY) (V. DURGA RAO) ACCOUNTANT MEMBER JUDICIAL MEMBER Hyderabad, Dated: 23rd October, 2019. kv Copy to: 1. M/s Fincity Investments Pvt. Ltd., 2) Highgrace Investments Pvt. Ltd., 3) Elem Investments Pvt. Ltd., R.K. Residency, H.No. 8-3- 229/D/32, First Floor, Venkatagiri, Yousufguda, Hyd. 4. DCIT, Central Circle – 3(1), Hyd. 5. CIT(A) – 12, Hyderabad. 6. CIT(Central), Hyderabad 7. The D.R., ITAT, Hyderabad. 8. Guard file.