Itta/618/2017 Of The Pr Commissioner Of Income Tax, Vijayawada v. M/S. Srinivasa Engineering Construction Company , Vijayawada

IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI FRIDAY, THE FIFTEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENTHONOURABLE SRI JUSTICE G.NARENDARANDHONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No.618 of 2017 Appeal under Section 260 A of Income Tax Act, aggrieved[by][ the]order dated 25.11.2016 in I.T.A.No.487/Hyd/2013 (Assessment year 2006-07) before the Hon’ble Income Tax Appellate Tribunal,[Visakhapatnam]Bench,atVisakhapatnamandpreferredagainsttheorderoftheCommissionerof Income Tax (Appeal), Vijayawada, dated16.04.2013bearingAppealNo.263/CIT(A)A/JA/2011-12andpreferredagainsttheorderoftheIncome-TaxOfficer,Ward-1 (2),VijayawadainPAN/GIR.NO.ABBFS5740B/A.Y.2006-07/ITO/Vijayawada,dated29.08.2011. Between: The Principal Commissioner of Income-Tax, Vijayawada. ...APPELLANT AND M/s. Srinivasa Engineering Construction Company, C/o.[Partner:][ Sri]Potiuri Prasanth, D.No. 40-4-5A, JVR Street, Tikkil Road, Vijayawada-5520010....RESPONDENT Counselfor the Appellant: SRI J V PRASAD (SC FOR INCOME TAX)Counsel for the Respondent: SRI Y RATNAKARThe Court made the following JUDGMENT: To HON’BLE SRI JUSTICE G.NARENDARAND HON’BLE SRI JUSTICE T.C.D. SEKHAR INCOME TAX TRIBUNAL APPEAL No. 618 of 2017 JUDGMENT:- (per Hon’ble Sri Justice G.Narendar) 1.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, wherethe monetary stakesinvolvedarelessthanRs.2 Crores and hence, he prays leave of the Court[to][ withdraw]the 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, wherethe monetary stakesinvolvedarelessthanRs.2 Crores and hence, he prays leave of the Court[to][ withdraw]the Appeal. 2.Submission is placed on record. 3.Accordingly,the Appealis dismissed as withdrawn.Nocosts.costs.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. SD/- E.KAMESWARA RAOJOINT REGISTRAR //TRUE COPY// SECTION OFFICER Tribunal, Visakhapatnam Bench, at 1. The Income Tax AppellateVisakhapatnam.Visakhapatnam. 2. The Commissioner of Income Tax (Appeal), Vijayawada,[Krishna]District.District. 3. The Income-Tax Officer, Ward-1 (2), Vijayawada,[Krishna][ District.] 4. One CC to Sri J V Prasad (SC for Income Tax), Advocate[ ] 5. One CC to Sri Y Ratnakar, Advocate 6. Three CD Copies TK TAC •3■** :i!3iili I'l HIGH COURT DATED;15/11/2024 JUDGMENT lTTA.No.618 of 2017 i.s=1 9 MAt m\\h^. Curreni Section DISMISSING THE ITTA AS WITHDRAWN %\