Itta/344/2018 Of The Pr. Commissioner Of Income-Tax v. K V S Prakasa Rao

s. IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI TUESDAY, THE NINETEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOURPRESENT HONOURABLE SRI JUSTICE G.NARENDARANDHONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No.344 of 2018 Appeal under Section 260 A of Income Tax Act, aggrieved by theorder dated 18-8-2017 in I.T.A.No.488A/izag/2013 (Assessment year 2005-06) before theHon'ble Income Tax AppellateTribunal, VisakhapatnamBench,atVisakhapatnamandpreferredagainsttheorderoftheCommissioner of Income Tax (Appeals), Vijayawada, dated[29.04.2013]bearing AppealNo.430/CIT(A)/VJA/10-11 and preferred against the orderoftheIncome-TaxOfficer,Ward-2(1),VijayawadainPAN/GIR.No.AFWPK8823N/A.Y.2005-06/ITO/WARD-2(1)/Vijayawadadated 31.12.2010. Between: The Principal Commissioner of income- Tax, Vijayawada. ...Appellant/ Appellant AND K V S Prakasa Rao, LR of Late Smt.K. Suseela, Door No. 29-14-53Surya Rao Pet, Vijayawada. ...Respondent/ Respondent Counsel for the Appellant: Sri J V Prasad (SC for Income Tax) Counsel for the Respondent: M/s. CKR AssociatesThe Court made the following: ORDER % APHC010023302018IN 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: 344/2018 Between: The Pr. Commissioner Of Income-tax. ...APPELLANT AND K V S Prakasa Rao...RESPONDENT Counsel for the Appellant: 1. J V PRASAD (SC FOR INCOME TAX) Counsel for the Respondent: 1.CKR ASSOCIATES To TK vna The Court made the following: (per Hon ble Sri Justice G Narendar) 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 orpetitions, where the monetary stakes involved arelessthanRs.2 Crores and hence, he prays leave of the Court to withdrawthe appeal. 2.Submission is placed on record. 3.Accordingly,the appealis dismissed as withdrawn.Nocosts.costs. As a sequel thereto, the miscellaneous petitions, if any,pending in this appeal shall stand closed. i\SD/- P VENKATA RAMANAJOINT REGISTRAR //TRUE COPY// SECTION OFFICER 1. The Income Tax Appellate Tribunal, Visakhapatnam[Bench,][ at]Visakhapatnam.Visakhapatnam. 2. The Commissioner of Income Tax (Appeals), Vijayawada,[Krishna]District.District. 3. The Income-Tax Officer, Ward-2(1), Vijayawada, Krishna[District.] 4. One CC to Sri J V Prasad (SC for Income Tax) 5. One CC to M/s. CKR Associates, Advocate 6. Three CD Copies HIGH COURT DATED:19/11/2024 JUDGMENT ITTA.No.344 of 2018 fe2 8 FEB 2125Current Section DISMISSING THE ITTA AS WITHDRAWN