ITTA/120/2015 of THE COMMISSIONER OF INCOME TAX 1 Vs CORDYS SOFTWARE (INDIA ) PVT LTD, on 20 February 2026

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134471

IN THE HIGH COURT FOR THE STATE OF TELANGANA

AT HYDERABAD

FRIDAY, THE TWENTIETH DAY OF FEBRUARY

TWO THOUSAND AND TWENTY SIX

PRESENT

THE HONOURABLE SRI JUSTICE P.SAM KOSHY

AND

THE HONOURABLE SRI JUSTICE NARSING RAO NANDIKONDA

INCOME TAX TRIBUNAL APPEAL NO: 120 OF 20't5

Appeal filed under section 260-4 of the lncome Tax Act against order dated 15-03-2013 in ITA No. 1972lHyd/2O11 on the file of the Court of the lncome Tax Tribunal, Hyderabad Bench 'A', Hyderabad for Assessment Year 2007-2008.

Between:

The Commissioner of lncome Tax-1, Hyderabad

...APPELLANT'RESPONDENT

AND

Cordys Software (lndia) Pvt Ltd, Building D, Plot No.17 Software Units Layout , Madhapur, Hyderabad.

...RESPONDENT/APPELLANT

Counsel for the Appellant: Sri K Sudhakar Reddy (Senior Standing Counsel for lncome Tax)

Counsel for the Respondent: Sri M. Naga Deepak The Court delivered the following: JUDGMENT

,{.

IN THE TIIGH COURT FOR THE STATE OF TELANGANA

AT HYDERABAD

THE HONOURABLE SRI JUSTICE P.SAM KOSHY

AND

THE HONOURABLE SRI JUSTICE NARSING RAO

NANDIKONDA

ITTA No.l20 of 2015

Dated: 20.02.2026

Between:

Comrnissioner of Income Tax - I,

Hyderabad.

AND

Cordys Software (lndia) Pvt.Ltd.,

Building D, I'lot No.l7, Software Units Layout, Madhapur, ttyderabad.

...Appellant

...Respondent

JUDGMENT (per lton'ble Sri Justice P.Sam Koshy)

Heard Mr.K.Sudhakar Reddy, learned Senior Standing Counsel lor Income Tax appearing on behalf of appellant and Mr.M.Naga Deepak, learned counsel or the respondent. Perused the record.

2.

This appeal under Section 2604, of the Income Tax Act, 1961, has been preferred by the Revenue as the appellant against the order dated 15.03.2013 passed by the lncole Tax Hyderaba!, in Appellate l'ribunal, Hyderabad Bench 'A',

I.T.A.No. t972/Hydl20l I for the Assessment Year 2007-08.

2

l----

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 1,5.03.2024,by further enhancing the monetary limits for filing appeals by the lncome Tax Department before the lncome 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 frling an appeal before the High Court is Rs.2.00 Crore

4.

[n the instant appeal, tax effect is well below the monetary limit.

5.

Therefore, the appeal filed by the Department is dismissed in tenns of the aforesaid Circular No.9 of 2024 dated 17.09.2024

Howeveq if the appeal comes within the exception of Circular No.5 of 2024, it would be open to the Income Tax Department to seek revival of the appeal. There shall be no order as to costs.

Consequently, miscellaneous petitions pending, if any, shall stand closed SD/. N.SRIHARI

DEPUTY REGISTRAR

/,TRUE COPY//

ECTION OFFICER

1. The lncome Tax Tribunal, Hyderabad Bench 'A', Hyderabad

2. One CC to Sri K. Sudhakar Reddy (Senior Standing Counsel for lncome Tax)

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3. One CC to Sri M. Naga Deepak, Advocate [OPUC]

4. Two CD Copies

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HIGH COURT

DATED: 2010212026