PRINCIPAL COMMISSIONER OF INCOME TAX vs PRAHALLAD MOHARANA

t34471 IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD TUESDAY, THE TWENTY FIFTH DAY OF MARCH TWO THOUSAND AND TWENTY FIVE PRESENT THE HON'BLE SRI JUSTICE P.SAM KOSHY AND THE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA lTTA.No: 62 OF 2015 lncome Tax Tribunal Appeal under Section 2604 of the lncome Tax Act, 1961 against the order dated 07-11-2015 for Assessment Year 2009-10 in lTA.No.1040/Hydl2014 on the file of the Income Tax Appellate Tribunal, Bench 'A' Hyderabad. Between: Pr. Commissioner of lncome Tax-2, lT Towers, A.C-Guards, Hyderabad. ...Appeltant AND M/s K. Raheja lt Park (Hyderabad) Private Limited, Mindspace, Cyberabad, Survey No. 64(part), APIIC Software Layout, 'l't Floor, Titus Towers, Building 10, Madhapur, Hyderabad. ...Respondent Counsel for the Appellant: Ms. J. Sunitha, Standing Counsel for lncome Tax Counsel for the Respondent: Sri P. Sri Ram The Court delivered the following: JUDGMENT

THE HO THE HON'BLE SRT JUSTICE P.SAM KOSHY AND N'BLE SRI WSTICE NARSING RAO NANDIKONDA INCOME TA)( TRIBUNAL APPEAL No.62 OF 2015 JUDGMENT'. @er Hon'bLe Sri Justice P.Sc,m Koshgl Heard Ms.J.Sunitha, learned Standing Counsel for lncome Tax, appearing on behalf of the appellant. 2. The instant appeal under Section 260A of the Income Tax Act, 196 l, has been preferred by the Revenue as the appellant against the order dated 07.11.2014 passed by the Income Tax Appellate Tribunal, Hyderabad "A" Bench, Hyderabad, in I.T.A.No.1Oa)lHydl20 14 for the Assessment Year 2OO9- 10. 3. Central Board of Direct Taxe s (CBDT) has issued Circular No.9 of 2024 dated 17.O9.2024, amending the previous C rcular No.5 of 2024 dated 15.O3.2024, by further enhancing the mont:tary limits for filing appeais by the Income Tax Department befor e the lncome Tax t { Appellate Tribunals, High Courts and Supreme Co -rr1, as a measure for reducing litigation. In paragraph 2 of the said Circular, we find that the moneta4r limit fixed for frling an appeal before the High Court is Rs.2.OO crore. l I \

Page 2 of 3 4, In the instant appeal, tax effect is well below the monetar5r limit 5. Therefore, the appeal filed by the Revenue 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.S of 2024, it would be open to the Income Tax Department to seek revival of the appeal No costs. 6. As a sequel, miscellaneous applications pending if any, shall stand closed. Sd/. K. SRINIVASA RAO JOINT REGISTRAR //TRUE COPY// SECTION OFFICER To, The lncome Tax Appellate Tribunal' Bench 'A' H One CC to Ms. J. Sunitha, Standing Counsel fo . One CC to Sri P. Sri Ram, Advocate [OPUC] . Two CD CoPies 1 2 J 4 rabad r lncome Tax [OPUC] Kam./PSL l ) \

\ t I HIGH COURT DATED:2510312025 JUDGMENT ITTA.No.62 of 2O15 DISMISSING OF THE APPEAL A/ 4.a t '1 ( \1 O I ) :) 0 3 E + * 2,/7,/zl i4: lh o,,. .,,r 7 (-,

PRINCIPAL COMMISSIONER OF INCOME TAX vs. PRAHALLAD MOHARANA