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lncome Tax Tribunar Appear Under Section 2604 of the rncome Tax Act,1961 against the order dated z9.o1.2o13 passed in rrA No.i362iHyotzor.t io. t" Assessment Year 2007 -2008 on the fire of the rncome Tax Appeilate Tribunar, Hyderabad Bench'A', Hyderabad. IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD WEDNESDAY, THE TWENTY SIXTH DAY OF MARCH TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY AND THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA INCOME TAX TRIBUNAL APPEAL NO: 65 OF 2o't4 Commissioner Of lncome Tax [Tds], Hyderabad, Hyderabad [34471 ...Appellant Between : AND M/s Jayadarshini Housing pvt.Ltd, Hyderabad, plot No.1246. Level .1, Gorlas Road No.62, Jubilee Hills] Hyderabati. ... Respondent counsel for the Apperrant(s) : Mr.A.Rama Krishna Reddy, Junior standing Counsel for the lncome Tax Department Counsel for the Respondents : - - - The Court delivered the foilowing : JUDGMENT
I THE I{I.)'{OURABLE SRI JUSTICE P.SAM KoSHIY AND THE lI()''{()tJRABLE SRI JUSTICE NARSTNG R.d'O NANDIKONDA ITTA No.65 oF 2014 JUDGME\T ryr llon'ble Sri Justice P.Sam Koshy) Heald N'I. A.Rama Krishna Reddy' leamed JLrnic'r St rnding Counsel tbr .hc lncome Iax Department for the appollaltF'erused the record 2. This, rpreal under Section 260,,4. of the Inr:ome 'lax Act' 1961. ha:, bc,:tr preferred by the Revenue as tLe z'ppellant against the o'rl,:r dated 28'08'2013 passed by the [nccrne Tax Appellate frilunal, Hyderabad Bench'A" Hyderabad' in I.T.A.No. ti 6-l I{1'd/201 1 for the Assessment Year 11007-0t 3. Cetttr al loard of Direct Taxes (CBDT) has issued Circular No.9 of l(r.l: tlated 17.0g.2024, amending the Jrrevious Circular No.5of20],lrlllted:t5.o3.2o24,byfurtherenhancingthenonetary limits for f lirr: appeals by the Income Tax Department Lefore the Income 1a,: .\ppetlate Tribunals, High Courts ancl Srrpre'ne Court as a mei srrr( 1br reducing litigation' In paragraph ll o1 the said I \ -l
2 Circular, we find that the monetary limit fixed for filing an appeal before the High Court is Rs.2.00 crore. 4 In the instant appeal, tax effect is well below the monetary limit. 5 Therefore, the appeal filed by the Department is dismissed in terms of the aforesaid Circular No.9 of 2024 dated, 17.09.2024. However, if the appeal comes within the exception of Circular No.5 of 2024,'it would be open to the Income Tax Deparlment to seek revival of the appeal. There shall be no order as to costs. 6. Consequently, miscellaneous petitions pending, if any, shall stand closed. //TRUE COPYII SD/- MOHD. ISMAIL DEPUTY REGISTRAR IL,. 1., SECTION OFFICER I To, S '1. The lncome Tax Appellate Tribunal, Hyderabad Bench ,A,, Hyderabad 2. One CC to A.Rama Krishna Reddy, Junior Standing Counsel tOpUCl 3. Two CD Copies I,l" s/ h u --l I
HIGH COURT" DATED:26103111025 JUDGMENT' lTTA.No.65 of 2014 DISMISSING I'HE ITTA WITHOUT CO:STS (o3 t-::r !.rE :; r,r, 1 ( )J !) 3 ti JtJ-l Xl6 a/ i ,- t)Frn^r ._.:..:-.- oglilao'