The Commissioner of lncome Tax l, Hyderabad v. M/s Vision 2
Case at a glance
Provisions considered
Key paragraphs
- Para 22. This appeal under Section 260,4. of the Inco rre Tax Act, 1961, has been preferred by the Revenue as the appellant against the order dated 20.08.2014 passed by the Income 'fax Appellate -I ribunal, Hyderabad Bench 'B', H'rderabad, in l.T.A.No.648/Hydl2Ol4 for the Assessment Year…
- Para 55. 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 lncome Tax Department to seek…
Judgment
Counsel for the Appellant: Ms. B. Sapna Reddy, Junior Standing Counsel representing Mr. J.V. Prasad (Senior SC FOR INCOME TAX) Counsel for the Respondent: Mr. A.V.A. Siva Kartikeya The Court delivered the following: JUDGMENT THE HONOURABLE SRIJUSTICE P.SAM XOSHY AND THE HONOURABLE SRIJUSTICE NARSINIG RAO NANDIKOIYDA ITTA No.9 OF 2016 JUDGMENT (per Hon'ble Sri Justice P.Sam Koshy) Heard Ms. B.Sapna Reddy, leamed Junior Standing Counsel representing Mr. J.V.Prasad, leamed Senior Standing Counsel for the Income Tax Department for the appellrnt. Perused the record.
#2. This appeal under Section 260,4. of the Inco rre Tax Act, 1961, has been preferred by the Revenue as the appellant against the order dated 20.08.2014 passed by the Income 'fax Appellate -I ribunal, Hyderabad Bench 'B', H'rderabad, in l.T.A.No.648/Hydl2Ol4 for the Assessment Year 201()- I l. l. Central Board of Direct Taxes (CBDT) has issued Circular No.9 of 2024 dated 17.09.2024, amending the previous Circular No.5 ol'2024 dated 15.03.2024, by further enhancing the monetary limits for filing appeats by the Income Tax Department belore the Income Tax Appetlate Tribunals, High Courts and Strpreme Court 2 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.2.00 crore. In the instant appeal, tax effect is well below the monetary
#4. 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 lncome Tax Department to seek revival of the appeal. There shall be no order as to costs.
#6. Consequently, miscellaneous petitions pending. if any, shall stand closed. Sd/. K. SRINIVASA RAO OINT REGISTRAR //TRUE COPY// ECTION OFFICER To,
#1. The lncome-Tax Appellate Tribunal, Hyderabad Be ch'B'Hyderabad 2. One CC to Mr. J.V. Prasad, Senior SC FOR INCOME TAXIOPUCI 3. One CC to Mr. A.V.A. Siva Kartikeya, Advocate IOPUC] 4 Two CD Copies Kanr/PS L HIGH COURT DATED:2410312025 t , I I JUDGMENT lTTA.No.9 of 2016 o"( /J c o o t [ 1 lut 2025 ( C SPATCH Eo DISMISSING OF THE APPEAL ,l bl 6lad
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