Revenue's appeal under section 260A of the Income Tax Act against an ITAT order for assessment year 2007-08 was dismissed because the tax effect fell below the monetary threshold for High Court appeals fixed by CBDT Circular No.9 of 2024, with liberty to seek revival if within exceptions.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
13447 |
IN THE HIGHCOURT FOR THE STATEOF TELANGANA AT HYDERABAD
MONDAY, THE SEVENTHDAY OF APRIL TWO THOUSANDAND TWENry FIVE
PRESENT
THE HON'BLE SRIJUSTICE P.SAM KOSHY AND THE HON'BLESRI JUSTICE NARSING RAO NANDIKONDA
INCOME TAX TRIBUNALAPPEALNO | 82 0F 2017
Appeal under section260A of the lncome Tax Act' 1961 againstthe order dated27.07-20,12in1TANo.1310/Hyd/2010inAssessmentyears2007-2008on the file of the lncomeTax Appellate Tribunal, Hyderabad Bench 'B' Hyderabad
Between:
Commissionerof lncome Tax-lll, l.T.Towers, A'C Guards,Hyderabad -
...APPellant..
AND
M/s YalamanchaliFinance and Trading PrivateLimited, 8_2-2681218115,RoadNo. 2, Baniara Hills,Hyderabad-500 034' ...Respondent
Counsel for theAppellant:Ms. B. Sapna Reddy, SC FORlT DEPARTMENT
Counsel for theRespondent: M/s. MN Advocates
The Court deliveredthe following:JUDGMENT
),
THE HON'B LE SRI JUSTICE P.SAM KOSHY
AND
THE HON'BLE SRI JUSTICE NARSING RAO NAND TKONDA
INCOME TAX TRIBUNAL APPEAL No.82 0F 2017
JUDGMENT: (per Hotl'bie Sn Justice p.S'.m Kosh!)
Heard Ms.B.Sapna Reddy, learned Standing Counsel for Income Tax, appearing on behalf of the appellant,
t t
3' central Board of Direct Taxes (.BDT) has issued circurar rvo.o or I 2024 dated 12.O9.2024, amending the previous Circular No.5 of 2O24 dated 15'03'202a, by further enhancing the monetar5r limits for filing appeals by the Income Tax Department before the Income Tax Appellate Tribunars, High courts and Supreme court as a measure for reducing litigation. In paragraph 2 of the said circular, we find that the monetary timit fixed for filing an appeal before the High Court is 1Rs.2.OOcrore.
- \ \rFti
Page 2 of 3
4 In the instantappeal, tax effectis well below the moneta5rlimit'
6 As a sequel,miscellaneousapplicationspending ifarty'shall I stand closed
SD/. R.KARTHIKEYAN JOINTREGISTRAR
//TRUECOPY// SECTIONOFFICER
'B'HYderabad' To ench 1. The lncome Tax APPellateTribunal,HYderab a E ARTM ENT [OPUC] B. SaPnaReddY, SC FOR lT D 2. One CCto Ms' MN Advocates [OPUC] J. OneCC to M/s' 4. Two CDCoPies Kam/g h l*
HIGH COURT
DATED:0710412025
JUDGMENT
ITTA.No.82 of 2017
::<br>( '(-i'.).
c
21tlJEM
.\a
),,,
t) :5lp^TC vrr-9.
DISMISSING THE APPEAL
b
1 issue framed by the court
Whether the Revenue's appeal under section 260A should be dismissed as the tax effect is below the monetary limit in Circular No.9 of 2024?
1 provisions across 1 enactments
Commissioner of Income Tax-III, I.T.Towers, A.C Guards, Hyderabad
M/s Yalamanchali Finance and Trading Private Limited, Hyderabad
P. Sam Koshy
Narsing Rao Nandikonda
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
