Itta/338/2018 Of The Principal Commissioner Of Income Tax v. M/S.krishna District Co Operative Central Bank Limited

IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATI TUESDAY, THE NINETEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR oA.Irv-^',34f7IF'JV1?7of? PRESENT THE HONOURABLE SRI JUSTICE G.NARENDARANDTHE HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No- 338 OF 2Q1« Between; The Principal Commissioner of Income Tax, Vijayawada AND ...APPELLANT M/s.Krishna District co operative Central Bank Limited11/717,Jagannathapuram, machilipatnam ...RESPONDENT Appeal under section 260A of the Income TaxAct, 1961, againstorder of the Income Tax AppellateTribunal,VisakhapatnamBench,Visakhapatnam,inITA.No.120A/izag,2013dated08.11.2017forAssessment Year 2007-08. Counsel for the Appellant: SRI. J.V. PRASAD (SC FOR INCOMETAX) Counsel for the Respondent: SRI. DUNDU MANMOHANThe Court delivered the following Judgment: APHC010192582018IN 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.338 OF 2018 Between:The Principal Commissioner Of Income Tax ...APPELLANT AND M/s Krishna District Co Operative Central Bank ...RESPONDENTLimited Counsel for the Appellant: 1. J V PRASAD (SC FOR INCOME TAX) Counsel for the Respondent: 1.DUNDUMANMOHAN 2.VENKATRAM REDDY MANTUR The Court made the following: jypGMENI:- (per Hon'ble Sri Justice G.Narendar) 1. 1.The learned counsel for the appellant-Departmenthas fileda memo into Court, including acopy of the circular whereby, theappellant-Department has formulateda litigation policy and underthe said policy,it has beenresolved not to initiate any appealsorpetitions, where themonetary stakes involvedarelessthanRs.2 Crores and hencehe prays leave of the Court to withdrawthe appeal.a memo into Court, including acopy of the circular whereby, theappellant-Department has formulateda litigation policy and underthe said policy,it has beenresolved not to initiate any appealsorpetitions, where themonetary stakes involvedarelessthanRs.2 Crores and hencehe prays leave of the Court to withdrawthe appeal. 2.Submission is placed on record. 3.Accordingly, the appeal is dismissed as withdrawn,Nocosts. As a sequel thereto, the miscellaneouspetitions, if anypending in this appeal shall stand closed. //TRUE COPY// SOI- P VENKATA RAMANAJOINT REGISTRAR To SECTION OFFICER 1. The Income Tax Appellate Tribunal, Visakhapatnam Bench, Visakhapatnam. 2. One CC to Sri J.V. Prasad, SC for Income Tax 3. One CC to Sri Dundu Manmohan, Advocate 4. Three CD Copies GLM vna HIGH COURT DATED: 19/11/2024 JUDGMENT: ITTA.No.338 of 2018 DISMISSING THE ITTAAS WITHDRAWN X0 5 MAR 2025j||. current Section ^