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Itta/210/2018 Of The Pr.commissioner Of Income Tax v. M/S.new Star Iron Scrap Mart

High Court 19 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · aphc
Parties
Itta/210/2018 Of The Pr.commissioner Of Income Tax v. M/S.new Star Iron Scrap Mart
Date of order
19 Nov 2024
Assessment year(s)
2007-08
Outcome
Dismissed

Case summary

In Itta/210/2018 Of The Pr.commissioner Of Income Tax v. M/S.new Star Iron Scrap Mart, 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 AT AMARAVATI 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: 210 OF 2018 Appeal under section 260A of the Income Tax Act,1961, againstordersoftheIncome-taxAppellateTribunal,VishakapatnamBench,Vishakapatnam,in I.T.A.NO.55/Vizag/2013, A.Y 2007-08,dated 20-01-2017. Between: The Pr.Commissioner of Income Tax, Vijayawada ...Appellant / Appellant AND M/s. New Star Iron Scrap Mart, 12-3-35,Peena Mohammed[Street]Tarapet,Vijayawada ...RESPONDENTS Counsel for the Appellant: SRI J V PRASAD (SC FOR INCOME TAX)Counsel for the Respondents: SRI KAILASH NATH P S SThe Court made the following: ORDER APHC010790642017IN 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: 210/2018 Between: The Pr.commissioner Of Income Tax ...APPELLANT AND M/s New Star Iron Scrap Mart ...RESPONDENT Counsel for the Appellant: 1.J V PRASAD (SC FOR INCOME TAX) Counsel for the Respondent: 1.KAILASH NATH PS S The Court made the following; (per Hon’ble Sri Justice G.Narendar) 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, wherethe monetary stakesinvolvedarelessthanRs.2 Crores and hence, he prays leave of the Court[to][ withdraw]the appeal. 2.Submission is placed on record. 3.Accordingly,the appealis dismissedas withdrawn.Nocosts.costs. As a sequel thereto, the miscellaneous petitions,if any,pending in this appeal shall stand closed. SD/- E KAMESWARA RAOJOIN REGISTRAR //TRUE COPY// SECTION OFFICER To, 1. The Income-tax Appellate Tribunal, VishakapatnamBench,Vishakapatnam 2. One CC toSri. J V Prasad (SC FOR INCOME TAX) 3. One CC to Sri. Kailash Nath P S S, Advocate PR 4. Three CD Copies HIGH COURT DATED: 19/11/2024 ORDERITTA.No.210 of 2018 of^■e.V•VLo*2 8 FES 2025Comi'i^. Curiam aacuon ^2"eSPATCW^' DISMISSING THE APPEAL AS WITHDRAWN
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