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Itta/79/2010 Of Commissioner Of Income Tax v. Dr.g.ravindranath Sharma

High Court 20 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · aphc
Parties
Itta/79/2010 Of Commissioner Of Income Tax v. Dr.g.ravindranath Sharma
Date of order
20 Nov 2024
Assessment year(s)
Outcome
Dismissed

Case summary

In Itta/79/2010 Of Commissioner Of Income Tax v. Dr.g.ravindranath Sharma, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

Sections referenced in this judgment

The order — as passed by the High Court

IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATI WEDNESDAY, THE TWENTIETH DAY OF NOVEMBERTWO THOUSAND AND TWENTY FOUR PRESENT THE HON’BLE SRI JUSTICE G.NARENDAR ANDTHE HON’BLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No: 79 OF 2010Between: Commissioner of Income Tax, Aayakar Bhavan, 22, KT Road, Tirupati - 517507 AND ...APPELLANT Dr.G.Ravindranath Sharma, Maddanur [Post & Mandal], Kadapa District. ...RESPONDENT Appeal under section 260A of the Income Tax Act, 1961, againstorderoftheIncomeTaxAppellateTribunal,HyderabadBench‘B’, Hyderabadin IT ANo.140/Hyd/2005for theblockperiodfrom01.04.1996 to 08.08.2002 dated 24.10.2008 on the extent went againstthe department. ? Counsel for the Appellant: SRI. B NARASIMHA SARMA Counsel for the Respondents: SRI. A.V. KRISHNA KOUNDINY The Court delivered the following: JUDGMENT HON’BLE SRi JUSTICE G.NARENDAR AND HON’BLE SRI JUSTICE T.C.D. SEKHAR I.T.T.A. No.79 of 2010 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 ora 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,wherethemonetarystakesinvolvedarelessthanRs.2 crores and hence, he prays leave of the Court[to][ withdraw]the appeal.Rs.2 crores and hence, he prays leave of the Court[to][ withdraw]the appeal. 2.Submission is placed on record. 3.Accordingly,theappealisdismissedas withdrawn.No costs. As a sequelthereto,the miscellaneouspetitions,if anypending in this appeal shai! stand closed. SDI- P. VENKATA RAMANAJOINT REGISTRAR //TRUE COPY// SECTION OFFICER To Tax Appellate Tribunal, Hyderabad Bench 1.The Income ‘B’, Hyderabad 2.One CC toSri B Narasimha Sarma, Advocate 3. One CC to Sri A.V. Krishna Koundinya, Advocate 3. One CC to Sri A.V. Krishna Koundinya, Advocate 4. Three CD Copies GLM HIGH COURT DATED:20/11/2024 JUDGMENT;lTTA.No.79 of 2010 DISMISSING THE ITTAAS WITHDRAWN. g^ANDH^X2 5 MAR 2025to!a-I/^. Current SectionVL"esPATCW^-^
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