Itta/14/2022 Of The Pr Commissioner Of Income Tax v. M/S Kapil Chits (Kosta) Pvt Ltd

IN THE HIGH COURT OF ANDHRA PRADESH:: AMARAVATI TUESDAY, THE NINETEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HON’BLE SRI JUSTICE G.NARENDARAND THE HON’BLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No: 14 OF 2022 Between: The Principal Commissioner of Income Tax, Vijayawada. ...APPELLANT AND M/s. Kapil Chits (Kosta) Pvt. Ltd, H.No.4-6-4A, 1®' Floor, Mogalrajapuram,Vijayawada - 520 010. (PAN No. ) ...RESPONDENT Appeal under section 260A of the Income Tax Act,1961, againstorderoftheIncomeTaxAppellateTribunal,HyderabadBench‘B’, Hyderabad in ITA. No. 629/Hyd/2020, dated 05.10.2021,[for][ A.Y.][ 2012-]13. Counsel for the Appellant: SC FOR INCOME TAX Counsel for the Respondent: NONE APPEARED The Court made the following: ORDER APHC010086022022IN THE HIGH COURT OF ANDHRAPRADESHAT AMARAVATI(Special Original Jurisdiction) [3507] TUESDAY, THE NINETEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE SRI JUSTICE G.NARENDARTHE HONOURABLE SRI JUSTICE T.C.D.SEKHARINCOME TAX TRIBUNAL APPEAL No.14 OF 2022 Between: The Pr Commissioner Of Income Tax ...APPELLANT AND M/s Kapil Chits Kosta Pvt Ltd ...RESPONDENT Counsel for the Appellant: 1.(SC FOR INCOMETAX ) Counsel for the Respondent: 1. The Court made the following: JUDGMENT:- (per Hon’ble Sri Justice G.Narendar) 1.The learned counsel for the appellant-Department has[filed]a memo into Court, including a copy of the circular whereby, theappellant-Department has formulated a litigation policy[and][ under]the said policy,it has been resolved not to initiate any appeals orpetitions, where the monetary stakesinvolved arelessthanRs.2 Crores and hence, he prays leave of the Court to withdrawthe appeal.a memo into Court, including a copy of the circular whereby, theappellant-Department has formulated a litigation policy[and][ under]the said policy,it has been resolved not to initiate any appeals orpetitions, where the monetary stakesinvolved arelessthanRs.2 Crores and hence, he prays leave of the Court to withdrawthe appeal. 2.Submission is placed on record. 3.Accordingly,the appealis dismissed as withdrawn.Nocosts.costs. As a sequel thereto, the miscellaneous petitions,if any,pending in this appeal shall stand closed. //TRUE COPY// SD/- P. VENKATA RAMANA JOINT REGISTRAR To SECTION OFFICER ‘1. The Income Tax Appellate Tribunal, Hyderabad BenchB’, Hyderabad. 1. One CC to Standing Counsel for Income Tax 2. Three CD Copies GLM ns HIGH COURT DATED:19/11/2024 ORDER ITTA.No.14 Of 2022 DISMISSING THE ITTAAS WITHDRAWN. ^\ 7 m 2025 J. Current Section