Itta/418/2012 Of Commissioner Of Income Tax v. Hansraj Jain

IN THE HIGH COURT OF ANDHRA PRADESH:: AMARAVATI MONDAY ,THE TWENTIETH DAY OF JUNETWO THOUSAND AND TWENTY TWO t PRESENT THE HONOURABLE SRI JUSTICE A V SESHA SAI AND THE HONOURABLE SRI JUSTICE RAVI NATH TILHARI INCOME TAX TRIBUNAL APPEAL NO: 418 OF 2012 Appeal under section 260-A of the Income Tax Act 1961, against orders ofthe Appellate Tribunal passed in IT(S.S) A.No. 67A/izag/2000[dt.][ 13-6-2008][ FOR]THE Block period: 1987-88 to 1997-98 preferred against[the][ order][ of][ the][ office][ of]the Commissioner of Income-Tax (appeals)-V, Central Hyderasbad,inITA No.1596/DC-a/RJY/CIT(A)V/1999-2000 dated 29.11.1999 for[Block]Period1987-88to 1997-98 preferred against the order of the office of the Deputy Commissionerof Income-Tax (Circle-1), Rajahmundry, dated 22.02.1999[for][ Block][ Period]1987-88 to 1997-98. Between: Commissioner of Income Tax, Rajahmundry ...PETITIONER AND HansraJ Jain, Rajasthan Finance Corpn., Market Street, Kakinada, E.G.District. ...RESPONDENT Counsel for the Appellant(s): SRI. M KIRANMAYEE(SC FOR INCOMETAX)Counsel for the Respondents: G V N HARIThe Court made the following: / HON'BLB SRI JUSTICE A.V.SESHA SAIAND HON’BLE SRI JUSTICE RAVI NATH TILHARI I.T.T.A.No.418 of 2012 ORDER:- (PerAVSS,J) Smt.M.Kiranmayee,learnedStandingCounselfortheIncome Tax Department would submit that in termsof[Central]Board Direct Taxes Circular No. 17 of 2019, dated 08.08.2019,[all]appealswherethetaxeffectisbelowRs. 1,00,00,000/-arerequired to be withdrawn, and as the value of the present appealis less than Rs. 1,00,00,000/-, the appellant may be permitted towithdraw the appeal. The learned counsel would further[submit]that liberty may be granted, in case it were to be[found][ later][ that]thesubjectmatterof theappealfallswithintheexceptionsmentioned in the circular issued by the Central Board[to]file anapplication for restoration of the appeal. Accordingly, this Appeal is dismissed as withdrawn[with]the liberty sought for. There shall be no order as to costsof theAppeal. As a sequel, interlocutory applications pending, if any, inthis appeal shall stand closed. SD/-E.KAMESWARA RAODEPUTY REGISTRAR //TRUE COPY//r-..SEfeTTON OFFICER To, 1.Visak?,a°parnlm'^'"^^hapatnam Bench. 2. The Commissioner of Income-Tax (appeals)-V, Central Hyderabad, 3. The Deputy Commissioner of Income-Tax (Circle-1), Rajahmundry, 4. One CC to SRI. M KIRANMAYEE(SC FOR INCOMETAX) Advocate ) Advocate 5. One CC to THE G V N HARI, Advocate 6. Two CD Copies SRM HIGH COURT DATED:20/06/2022 ORDER ITTA.No.418 of 2012 DISMISSING THE APPEAL AS WITHDRAWN %/i