Pr.Commissioner Of Income Tax2 vs M/S Janapriya Properties Private ...
2025 Latest Caselaw 3821 Tel

Telangana High Court

Pr.Commissioner Of Income Tax2 vs M/S Janapriya Properties Private ... on 11 June, 2025

Author: P.Sam Koshy

Bench: P.Sam Koshy

                 THE HON'BLE SRI JUSTICE P.SAM KOSHY
                                            AND
      THE HON'BLE SRI JUSTICE NARSING RAO NANDIKONDA

            INCOME TAX TRIBUNAL APPEAL No.241 OF 2015


JUDGMENT:

(per the Hon'ble Sri Justice P.Sam Koshy)

Heard Ms. Bokaro Sapna Reddy, learned Senior Standing Counsel for

Income Tax Department appearing on behalf of the appellant, and Mr. CH.

Pushyam Kiran, learned counsel for the respondent.

2. The instant appeal under Section 260A of the Income Tax Act, 1961, has

been preferred by the Revenue as the appellant against the order dated

19.01.2015, passed by the Income Tax Appellate Tribunal, Hyderabad Bench

'B', Hyderabad, in I.T.A.No.1622/Hyd/2012 for the Assessment Year 2006-07.

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 further enhancing the monetary limits for filing appeals by the

Income Tax Department before the Income Tax Appellate Tribunals, High

Courts and Supreme Court as a measure for reducing litigation. In paragraph 2

of the said Circular, we find that the monetary limit fixed for filing an appeal

before the High Court is Rs.2 crore.

4. In the instant appeal, tax effect is well below the monetary 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.5 of 2024, it would be open to the

Revenue to seek revival of the appeal.

6. As a sequel, miscellaneous petitions pending if any, shall stand closed.

However, there shall be no order as to costs.

________________ P.SAM KOSHY, J

_______________________________ NARSING RAO NANDIKONDA, J

Date: 11.06.2025 GSD