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Itta/248/2016 Of Principal Commissioner Of Income Tax v. M/S Panyam Cements & Mineral Indu.ltd

High Court 08 Apr 2025 In favour of: Assessee
Forum / Bench
High Court · aphc
Parties
Itta/248/2016 Of Principal Commissioner Of Income Tax v. M/S Panyam Cements & Mineral Indu.ltd
Date of order
08 Apr 2025
Assessment year(s)
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In Itta/248/2016 Of Principal Commissioner Of Income Tax v. M/S Panyam Cements & Mineral Indu.ltd, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.

Decision: Recording the said submission, the appeal is dismissed as withdrawn.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.
APHC010131362016 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI [3526](Special Original Jurisdiction) TUESDAY, THE EIGHTH DAY OF APRIL TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE SRI JUSTICE NINALA JAYASURYA AND THE HONOURABLE SRI JUSTICE TARLADA RAJASEKHAR RAOINCOME TAX TRIBUNAL APPEAL No.248 of 2016 Between: 1. Principal Commissioner of Income Tax, Kurnool Charge, MVP Complex, D.No.43-128-3, Prakash Nagar, Kurnool-518001.Complex, D.No.43-128-3, Prakash Nagar, Kurnool-518001. ...Appellant AND 1. M/s Panyam Cements Mineral Industries Ltd., Cement Nagar, Kurnool, (PAN.No: )Kurnool, (PAN.No: ) ...Respondent Counsel for the Appellant: 1.ANUP KOUSHIK KARAVADI Counsel for the Respondent: 1.A V RAGHU RAM The Court made the following JUDGMENT:(per NJS,J) At the time of considering the matter,Mr.Anup Koushik Karavadi, learned Senior Standing Counsel for the Income Tax Department appearing for the appellant along with Mr.Vamsi Krishna Bodapati, learned Junior Standing Counsel states that in view of the tax effect involved in this case is covered by the decision of NCLT vide Order dated 25.6.2021 in M.A. No.04/2021 in C.P. No.(IB) 187/7/AMR/2019, the Department instructed withdrawal of the appeal. A Certificate addressed by the Assistant Commissioner of Income Tax, Circle–I, Kurnool, in this regard, is placed on record. 2. Recording the said submission, the appeal is dismissed as withdrawn. No order as to costs. Miscellaneous petitions pending, if any, shall stand closed. ____________________ NINALA JAYASURYA,J April 08, 2025 vasu ____________________________ TARLADA RAJASEKHAR RAO,J
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