IN THE HIGH COURT FOR THE STATE OF TELANGANA AT YDERABAD AND ITTA No.25 of 2013 Date: 01.12.2025 Between:

Commissioner of Income Tax-II, Hyderabad. …Appellant And M/s.Hyderabad Industries Ltd., Sanath Nagar, Hyderabad-500 018.

…Respondent JUDGMENT : (per Hon’ble Sri Justice P.Sam Koshy)

Heard Ms.B.Sapna Reddy, learned Senior Standing Counsel for Income Tax Department, for the appellant and Mr.S.Ravi, learned Senior Counsel appearing for Mr.Ch.Pushyam Kiran, learned counsel for the respondent and perused the record.

2. The present is an appeal which has been preferred by Revenue assailing the order passed by Income Tax Appellate Tribunal in ITA.No.919/HYD/2009 decided on 02.07.2012.

3. The present appeal was admitted for hearing on limited question of applicability of Section 50C of Income Tax, 1961 (for short “the Act”), so far as the so-called sale of land merely on the basis of absence of registered stamped conveyance deed is concerned. Learned Senior Standing Counsel for the Department, today, has produced before the Court Circular No.5 of 2010, dated 03.06.2010, wherein the applicability of Section 50C has been made effect from 01.10.2009 onwards.

4. A perusal of the transaction invo