Itta/512/2018 Of Principal Comissioner Of Income Tax v. M/S. The District Co-Op Central Bank Limited

IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATI FRIDAY JHE FIFTEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENTTHE HONOURABLE SRI JUSTICE G.NARENDARANDTHE HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL NO: 512 OF 2018 Appeal under section 260A of the Income Tax Act, 1961,[praying][ that]the High Court may be pleased to call for the records[relating][ to][ IT.A.No.]476/Vizag/2012 dated 25-01-2018 on the file of the[Income Tax][ Appellate]Tribunal,VisakhapatnamBench,Visakhapatnamrelatingtotheassessment year 2009-2010inthe caseof the Respondent-assesseepreferred against the order of Commissionerof Income[Tax(Appeals),]GunturinITANo.309/CIT(A)/GNT/11-12dated09.10.2012preferredagainst the order of the Additional Commissioner of[Income][ Tax,]EluruRange(l/c.),EluruinPANNo.AADFT3506D/A.Y/2009-2010/EluruRange/Eluru dated 30.11.2011 Between: Principal Comissioner of Income Tax, Aayakar Bhavan,Near KambalaTank, Veerabadrapuram, Rajahmundry-533105. ...Appellant AND M/S. The District Co-Op. Central Bank Limited, Near Over Bridge,R.R PetEluru, (PAN NO. ) ...Respondent Counsel for the Appellant: Sri. B Narasimha Sarma, Senior Standing .Counsel for Income Tax Department ■■y: Counsef^^for the Respondent: Sri A V A Siva Kartikeya .P The Court made the following: JUDGMENT r \ HON’BLE SRI JUSTICE G.NARENDARAND HON’BLE SRI JUSTICE T.C.D. SEKHAR INCOME TAX TRIBUNAL APPEAL No. 512 of 2018 JUDGMENT:- (per Hon’ble Sri Justice G.Narendar) 1.The learned counsel for the Appellant-Department has[filed]a memointo Court, including a copy of the circular whereby,[the]Appellant-Department has formulated a litigation policy[and][ under]the said policy, it has been resolved not to initiate[any][ Appeals][ or]Petitions, where the monetary stakesinvolved arelessthanRs.2 Crores and hence, he prays leave of the Court[to][ withdraw] the Appeal. 2.Submission is placed,on record. V No3.Accordingly,,Jhe Appealis dismissed as withdrawn. '•;* K,-. costs. As a sequel thereto, the miscellaneous petitions,if[any,] pending in this Appeal shall stand closed. A SD/- P VENKATA RAMAN AJOINT REGISTRARSECTION OFFICER //TRUE COPY// To,1. The Income Tax Appellate Trinunal, Visakhapatnam[Bench,]Visakhapatnam district^2. The Commissioner of Income Tax(Appeals), Guntur,[Guntur][ District] 3. The Additional Commissioner of Income Tax, Eluru[Range(l/c.)] Eluru, West Godavari District 4. One CC to Sri. B Narasimha Sarma, Advocate 5. One CC to Sri. A V A Siva Kartikeya, Advocate 6. Three CD Copies HIGH COURT DATED:15/11/2024 JUDGMENTITTA.No.512 of 2018 *2 S M»lt 2C?5^. Curfeni Section DISMISSING THE APPEAL AS WITHDRAWN \*