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Decision: Recording the said submission, the appeal is dismissed as withdrawn.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 Recording the said submission, the appeal is dismissed as withdrawn.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