Itta v. M/S P Venkana Co Pvt Ltd., Palakol, Wg.dist

IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI FRIDAY, THE EIGHTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENT HONOURABLE SRI JUSTICE G.NARENDARAND HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No.325 of 2017 Appeal under Section 260 A of Income Tax Act, 1961praying thatthe High Court may be pleased to allow the appeal by[duly][ setting][ aside]the Order dated 25-11-2016 passed in I.T.A No.32A/izag/2014 (Assessmentyear 2005-2006) by the Income Tax Appellate Tribunal,[Visakhapatnam]Bench, Visakhapatnam,filedchallengingtheOrderdated31-10-2013passed by the Commissioner of Income Tax (Appeals),[Guntur][ in][ Appeal]No.lTA No.lOI/CIT (A)/GNT/11-12, which was filed challenging[the][ Order]dated 11-09-2009 passedin PAN/GIR No. /A.Y.2005-06,[by]the Assistant Commissioner of Income Tax, Circle-1,[Eluru.] Between: PrincipalCommissionerofIncomeTax,AayakarBhavanNearKambala Tank, Veerabadrapuram, Rajahmundry-533 105. ...Appellant AND M/s.P.Venkanna CompanyPrivateLimited,42-5-22,LaceBuildingPalakol, [PAN No. ] ...Respondent Counsel for the Appellant: Sri B Narasimha Sarma (Senior StandingCounsel for Income Tax Department)Counsel for the Respondent: Sri G V N Hari (Not Appeared)The Court made the following: JUDGMENT HON’BLE SRI JUSTICE G.NARENDARAND HON’BLE SRI JUSTICE T.C.D. SEKHARI.T.T.A. No. 325 of 2017 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[ or]petitions, wherethemonetary stakes involvedarelessthanRs.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[ or]petitions, wherethemonetary stakes involvedarelessthanRs.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leave of the Court[to][ withdraw]the appeal. 2.Submission is placed on record. 3.Accordingly,the appealis dismissed as withdrawn.Nocosts.costs. \ As a sequel thereto, the miscellaneous petitions,ifany.pending in this appeal shall stand closed. SD/- P VENKATA RAMANSJOINT REGISTRAR //TRUE COPY// SECTIO ToVisakhapatnam Bench, atTax Appellate Tribunal1The IncomeVisakhapatnam.Tax Appellate Tribunal1The IncomeVisakhapatnam. Tax (Appeals), Guntur. 2. The Commissioner of Income 3.The Assistant Commissioner of Income Tax, Circle-1,[Eluru.] 4.One CC to Sri B Narasimha Sarma, Advocate 5.One CC to Sri G V N Hah, Advocate [OPUO 6.Three CD Copies BSV vna HIGH COURT DATED:08/11/2024 JUDGMENT ITTA.No.325 of 2017 iPffe1 2 FES 2C25^. Current Section DISMISSING THE ITTA AS WITHDRAWNWITHOUT COSTS