Itta/154/2019 Of The Pr. Comissioner Of Income Tax v. The Guntur District Cooperative Central Bank Ltd

IN THE HIGH COURT OF ANDHRA PRADESH:: AMARAVATI TUESDAY ,THE NINETEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE SRI JUSTICE G.NARENDARAND THE HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL NO: 154 OF 2019 Appeal under section 260 A of the Income Tax Act, againsttheordersof theIncome Tax AppellateTribunal, VisakhapatnamBench,VisakhapatnaminITA .No.75/V/2016,dated 06-04-2018 for A.Y 2008-09preferred against the order of the Commissioner of Income Tax(Appeals),Gunturin ITA No. 0074/CIT(A)/GNT/10-11dated15-03-2013preferredagainst the order of Additional Commissioner of Income Tax, Range-1,Gunturin PAN/GIR N0.AAATT6IOIH/A.Y 2008-09/ACIT/Range-1/Gunturdated 18/11/2010. Between: The Principal Commissioner of Income Tax, Guntur ...Appellant AND The Guntur District Cooperative Central Bank Ltd, P.B.N0.6, Bose Road,Tenali, Andhra Pradesh ...Respondent t; Counsel for the Appellant: Sri Y N Vivekananda (Standing[Counsel][ for] Income Tax) Counsel for the Respondents: Sri G Anand Kumar -The Court made the following: APHC010653592018IN 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.NARENDAR THE HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL NO: 154/2019 Between: The Pr. Comissioner Of Income Tax...APPELLANT AND The Guntur District Cooperative Central Bank...RESPONDENTLtd Counsel for the Appellant: 1.(SC FOR INCOMETAX) Counsel for the Respondent: 1.G ANAND KUMAR 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 stakes involved are less[than Rs.2]Crores and hence, he prays leave of the Court to withdraw[the]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 stakes involved are less[than Rs.2]Crores and hence, he prays leave of the Court to withdraw[the]appeal. 2.Submission is placed on record. 3.Accordingly,the appealis dismissed as withdrawn.No costs. As a sequel thereto, the miscellaneouspetitions,if any,pending in this appeal shall stand closed. SD/- P VENKATA RAMANAJOINT REGISTRAR //TRUE COPY// SECTION OFFICER To, 1. TheIncomeTaxAppellateTribunal,VisakhapatnamBench,Visakhapatnam District.Visakhapatnam District. 2.The Commissioner of Income Tax (Appeals), Guntur, Guntur[District.]3.TheAdditionalCommissionerofIncomeTax,Range-1,Guntur,Guntur District.3.TheAdditionalCommissionerofIncomeTax,Range-1,Guntur,Guntur District. 4.One CC toSri. Y N Viveknanda (Standing Counsel for Income Tax) 5.One CC to Sri. G Anand Kumar, Advocate 6.Three CD Copies HIGH COURT DATED:19/11/2024 JUDGMENT ITTA.No.154 of 2019 DISMISSING THE I.T.T.A.AS WITHDRAWN WIHTOUT COSTS ^3F AN^II 8 JAM 2m%iiecuon.