Itta v. M/S G V K Power & Ifrastructure Ltd., E.g.dist

IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATIFRIDAY, THE EIGHTH DAY OF NOVEMBER TWO THOUSAND AND TWENTY FOURPRESENTTHE HON’BLE SRI JUSTICE G.NARENDARAND THE HON’BLE SRI JUSTICE T.C.D.SEKHARINCOME TAX TRIBUNAL APPEAL NO: 339 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 asidetheOrderdated22-09-2016passedinI.T.A.No.356/Viz/2013(Assessment year 2008-2009) by the Income Tax AppellateTribunal,Visakhapatnam Bench, Visakhapatnam, filed challenging[the][ Order]dated11-03-2013 passed by the Commissioner of Income Tax(Appeals)-11,Mumbail, Camp at Visakhapatnam, in Appeal No. CIT(A) No.11/IT-165/RI,RJY/10-11,which was filed challenging the Order dated 24-12-2010 passedinPAN/GIRNo.AAACJ5599A/A.Y.2008-09,bytheAdditionalCommissioner of Income Tax, Rajahmundry Range, Rajahmundry.EJetween: Principal Commissioner of Income Tax, Aayakar Bhavan, Near KambalaTank, Veerabadrapuram, Rajahmundry-533 105 ...APPELLANT AND 1.M/s. G.V.K. Power & Infrastructure Limited,No. 5-48, GVK PowerPlant, Jegurupadu, Kudiyam Mandal, East Godavari District. [PAN NoAAACJ5599A] ...RESPONDENT Counsel for the Appellant: SRI B NARASIMHA SARMA (Senior StandingCounsel for Income Tax DepartmentCounsel for the Respondent: SRI C V NARASIMHAM (Not Appeared)The Court made the following: HON’BLE SR! JUSTICE G.NARENDAR AND HON’BLE SRI JUSTICE T.C.D. SEKHAR I.T.T.A. No. 339 of 2017 JUDGMENT:- (per Hon’ble Sri Justice G.Narendar) 1.The learned counsel for the appellant-Department has fileda 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, wherethemonetarystakesinvolvedarelessthanRs.2 Crores and hence, he prays leave of the Court to withdrawthe 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 orpetitions, wherethemonetarystakesinvolvedarelessthanRs.2 Crores and hence, he prays leave of the Court to withdrawthe appeal. 2.Submission is placed on record. 3.Accordingly,the appealisdismissedas withdrawn.No costs. As a sequel thereto, the miscellaneous petitions,ifany. pending in this appeal shall stand closed. SD/- E. KAMESWARA RAOJOINT REGISTRARSECTION OFFICER //TRUE COPY// To, 1. The Income Tax Appellate Tribunal, Visakhapatnam Bench, atVisakhaptnam.Visakhaptnam. 2.The Commissioner of Income Tax (Appeals), Rajahmundry,[East]Godavari District.Godavari District. 3.The Additional Commissioner of Income Tax, Rajahmundry,[East]Godavari District.Godavari District. 4.One CC to SRI. B. NARASIMHA SARMA, Advocate 5. One CC to SRI. C. .V NARASIMHAM, Advocate 6. Three C.D.Copies ->or\ HIGH COURTDATED:08/11/2024 JUDGMENTITTA.No.339 of 2017 w=17 FEB 2C2'),s<4....^Current SectionPATCV'^ the ITTA AS WITHDRAWNDISWllSINGWITHOUT COSTS ■■X