Itta/663/2017 Of The Principal Commissioner Of Income Tax-1 v. M/S. Five Star Trading Company

IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATI FRIDAY JHE FIFTEENTH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE SRI JUSTICE G.NARENDAR ANDTHE HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL NO: 663 OF 2017 Appeal under section 260Aof the Income Tax, 1961 aggrieved[by]the Order of the Income Tax Appellate Tribunal VisakhaptanamBench,VisakhapatnaminITA.no.313/Vizag/2016dt.29/08/2016fortheassessment year 2007-08. Between: The Principal Commissioner Of Income Tax-1, Visakhapatnam ...Appellant/Petitioner AND M/s. Five Star Trading Company, D.No. 14-1-99 Horizon[Enclave]Nowroji Road, MAharanipeta Visakhapatnam ...Respondent/Respondents Counsel for the Appellant: SRI. K RAJI REDDY(SENIOR [ INCOME]TAX DEPT) Counsel for the Respondents: —The Court made the following; JUDGMENT <ft’ HON’BLE SRI JUSTICE G.NARENDARAND HON’BLE SRI JUSTICE T.C.D. SEKHAR INCOME TAX TRIBUNAL APPEAL No. 6fi:^ nf 9ni7 JUDGMENT:- (per Hon’ble Sri Justice G.Narendar) 1.The (earned counsel for the Appellant-Department hasfileda memo into Court, including a copy of the circular whereby, theAppellant-Department has formulated a litigation policy and underthe said policy, it has been resolved not to initiate any Appeals orPetitions, where the monetary stakes involvedarelessthanRs.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 underthe said policy, it has been resolved not to initiate any Appeals orPetitions, where the monetary stakes involvedarelessthanRs.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leave of the Court to withdrawthe Appeal. 2.Submission is placed on record. 3.Accordingly, the Appealis dismissed as withdrawn.Nocosts.costs.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. SD/- P VENKATA RAMANAJOINT REGISTRAR //TRUE COPY// SECTION OFFICER To, 1.The Income Tax Appellate Tribunal, Visakhapatnam BenchVisakhapatnam.Visakhapatnam. 2.One CC to SRI. K RAJI REDDY(SENIOR SC INCOME TAX DEPT) 3. Three CD Copies HIGH COURT DATED: 15/11/2024 ORDER ITTA.No.663 of 2017 'i2 8 FEB 2025^ftJOj^. Current Section. ^ DISMISSING THE APPEAL FOR WITHDRAWN