Telangana High Court
ITTA/4/2026 of The Principal Director of Income Tax (Investigation) Vs Mr. Prakash Nimmagadda on 8 January 2026
COURT FOR THE STATE OF TELANGANA AT HYDERABAD THURSDAY, THE EIGHTH DAY OF JANUARY TWO THOUSAND AND TWENTY SIX PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY AND THE HONOURABLE SRI JUSTICE SUDDALA CHALAPATHI RAO I.T.T.A.NO: 4 OF 2026 lncome Tax Tribunal Appeal under Section 260 A of the lncome
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t IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD THURSDAY,THE EIGHTH DAY OF JANUARY TWO THOUSAND AND TWENTY SIX PRESENT THE HONOURABLE SRI JUSTICE P.SAM KOSHY AND THE HONOURABLE SRI JUSTICE SUDDALA CHALAPATHI RAO I.T.T.A.NO: 4 OF 2026 lncome Tax Tribunal Appeal under Section 260 A of the lncome Tax Act., 1961 against the order made in B.M.A.No.1lHydl2O24 for the Block Assessment Year 2019-20 Dated 21.04.2025 on the file of the lncome Tax Appellate Tribunal, Hyderabad "8" Bench, Hyderabad preferred against the Order of the Commissioner of lncome Tax (Appeals)-11, Hyderabad in CIT.(A), Hyderabad-11/BMA/001 12022-23 Dated 28.06.2024 preferred against the Order of the Asst. Director of lncome Tax, Hyderabad made in PAN No.ACAPN 4246RDated 26.03.2022. Between: The Principal Director of lncome Tax (lnvestigation), Aayakar Bhawan, Hyderabad. ...APPELLANT AND lMr. Pral5ash Nimmagadda, 7 -7 -2981218/3, Sowbhag Ashok Nagar, Street No. 1, Secunderabad - 500029 Counsel for the Appellant : SRl. N PRAVEEN REDDY (sENroR sc FoR lr DEPT) Counsel for the Respondents: --- The Court made the following: JUDGMENT ya Avenue Apts, 1st Floor, PAN - ACAPN4246R ...RESPONDENT
IN T}IE TITGII COURT FOR THE STATE OF TELANGANA AT HYDERABAD T'HE HONOURABLE SRT JUSTTCE P.SAM KOSHY AND THE HONOURABLE SRI JUSTICE SUDDALA CHALAPATHT RAO ITTA No.4 OF 2026 Dated:08.01 .2026 Betwe,:n: The Principal Director of Income Tax (investigation) Aayak:lr Bhawan, Hyderabad. Appellant AND Mr.Prakash Nimmagadda ..Respondent JUDG VTENT (per Hon'ble Sri Justice P.Sam Koshy) I{eard Mr. N.Praveen Reddy, Senior Standing Counsel for the Income Tax Department appearing for the appellant.
2. ln the course of the hearing, it has been found that the tax effect arising in the instant case is only Rs.10,00,000/- (Ten Lakhs Only) that too by way of penalty imposed by the appellant under Section 43 of Black Money (Undisclosed Foreign Income and Assets) and lmposition of Tax Act, 2015. However, perusal of
L Circular No.5 of 2024, where the monetary limit frxed by the department in the course of prefen-ing an appeal before the ITTA's, High Courts and Supreme Court has been raised from Rs.1 crore to Rs.2 crores. We find that the tax effect in instant case is only Rs. [0,00,000/- which is much below the monetary limit prescribed under the said Circular.
3. In view of the same, we are of the considered opinion that in terms of the Circular No.5 of 2024, the instant appeal may not be sustainable and the same accordingly stands dismissed Consequently, miscellaneous petitions pending, if any, shall stand closed Sd,.N UTY REG //TRUE COPY// OFFICER The lncorne Tax APPellate Tribunal, HYderabad "B" , Hyderabad Thil Commissioner of lncome Tax (APPeals)-11, HYd d
3. The Asst. Director
4. One CC to Sri N'P
5. Two CD CoPies oflncome Tax, HYderabad raveen ReddY, S.C for lncom e Tax DePartment (OPUC) Ks/PSL W .To,
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HIGH COURT DATED:rl8/0112A26 JUDGME:NT lTTA.No.4 ot 2026 Dismissing the ITTA Without costs. 1 6'qm m 1lt*E $. 's. q * +4(d ff*