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Itta/164/2018 Of The Prl Commissioner Of Income-Tax v. Sri.lingam Ravindra Rao

High Court 19 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · aphc
Parties
Itta/164/2018 Of The Prl Commissioner Of Income-Tax v. Sri.lingam Ravindra Rao
Date of order
19 Nov 2024
Assessment year(s)
2003-04
Outcome
Dismissed

Case summary

In Itta/164/2018 Of The Prl Commissioner Of Income-Tax v. Sri.lingam Ravindra Rao, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

Sections referenced in this judgment

The order — as passed by the High Court

IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAV TUESDAY, THE NINETEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE SRI JUSTICE G.NARENDARANDTHE HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No: 164 OF 2018 Between: The Principal Commissioner of Income Tax, Guntur. AND ...APPELLANT Sri Lingam Ravindra Rao, 64-9-2, SBH Complex, Patamatalanka, Vijayawada. ...RESPONDENT Appeal under section 260A of the Income Tax Act, 1961, againstorderoftheIncomeTax AppellateTribunal,HyderabadBench“B”,Hyderabad in C.O.64/H/2013 in ITA.No.1170/H/2013, Dated[31-05-2016][ for]A.Y.2003-04. Counsel for the Appellant: SRI. J.V. PRASAD, SC FOR Counsel for the Respondent: NONE APPEARED The Court made the following Order: APHC011366642016IN 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: 164/2018 Between; The Prl Commissioner Of Income-tax ...APPELLANT AND Sri Lingam Ravindra Rao ...RESPONDENT Counsel for the Appellant: 1. J V PRASAD (SC FOR INCOME TAX) Counsel for the Respondent: 1. The Court made the following: (per Hon'ble Sri Justice G Narendar) The learned counsel for the appellant-Department has fileda memo into Court, including a copy of the circular whereby, theappellant-Department has formulated a litigation policy and underthe said policy,it has been resolved not to initiate any appealsorpetitions, where the monetary stakes involved are lessthanRs.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leave of the Court to withdrawthe appeal. 2.Submission is placed on record. 3.Accordingly, the appealis dismissed as withdrawn.Nocosts. As a sequel thereto, the miscellaneous petitions,if any,pending in this appeal shall stand closed. SOI- P VENKATA RAMANAJOINT REGISTRAR //TRUE COPY// SECJK^r^FFICER To2 Onl C?nrTf\/ifHyderabad BenchB, Hyderabad.s' ?hrle CD Copied’ ^GLMvna HIGH COURT DATED:19/11/2024 ORDER ITTA.No.164 of 2018 DISMISSING THE ITTAAS WITHDRAWN 1^0^ ANDTy^0 6 MAR 2025tCo^ Current Section ★
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