Itta/88/2019 Of The Commissioner Of Income Tax v. National Mineral Development Corporation Limited

IN THE HIGH COURT FOR AT HYDERABAD fVONDAY, THE THIRTEENTH DAY OF TWO THOUSAND AND TWENTY ONE PRESENTTHE HONOURABLE SRI JUSTICE UJJAL BHUYANANDTHE HONOURABLE SMT JUSTICE P.MADHAVI DEVI l.T.T.A. NO: 88 OF 2019 lncome Tax Tribunal Appeal under Section 260-A of the lncome [Tax ][Act' ][1961 ],against the order of the lncome Tax Appellate [Tribunal, ][Hyderabad ][Bench ]['B']Hyderabad in ITA No.1291H12011 for assessmenl [year ][2004-05 ][dated ][Bl7l2o11]preferred against the order of the Commissioner of lncome Tax [(Appeals)-V ]Hyderabadin ITA No.332/Addl.ClT-16/C|T(A)-V/ 2009-10 dated [1111112010 ][preferred against ][the]Order of the Additional Commissioner of [lncome ][Tax, ][Range-16, Hyderabad ][in ] No.AAACN7325 A dated 2911212009. Between: The Commissioner of lncome Tax-lV, Hyderabad ...APPELLANT AND National l\rlineral Devetopment Corporation limited, [Khaniji bhavan ][10-3-31 ][1/A, Castle]Hills, Masab Tank, Hyderabad. .,.RESPONDENT For the Appellant : SRI J.V.PRASAD, [SC FOR INCOME TAX DEPARTMENT] For the Respondent : SRI P.KARTHIK RAMANA, SRI S.DWARAKANATH, Advocates The Court delivered the following: Judgment HONOT IIABLE [JUSTI(][, U.IJAL ][I}FIU\"\\]ANI)HONOI.IR [\ItL[, ][SMT..IUSTICE ][P. ][MADI{AVI I)IIVI] 1.1'. f .A.fio.[88()][ F ][2019] .lllDGMI1NTi 1l [tr ][H'n ][htL ][\rtJtt.\ti'( ] [il ][lBhu\dnt] Fleard Mr. [.V.Prasad. learned Standing ][Counsel ][tor ][the ][itppellatlt-]Incorne [l ]ax [De ]'artnlent [and ][Mr'P ][Karthik ][Ranrana' ][Icarnetl ][cttunscl]rcprescnting [Mr. ][i.I)$arakanath' ][learned ][counsel ][ftlr ][the ][rcspondent-]ASSESSCE 2. This appee [by ][the ][revenue ][under Section 260,4 ][of ][the ][ltlcoue ][Iitx]Act, l96l is [dir:cted ][against ][the ][order ][of ][the ][lncolne ]['fax ][r\ppellate]Tribunal in llA [No.129/Hyd/2011 ][dated ][0807'2011 ][tbr ][the ][assessment]year 2004-05. 3. It is subr [ittcd ][the ][respondcnt-assessee ][has settled ][the ][matter]under the [Vivad ][Se ][Vishwas ][Scheme ][which ][has ][been ][approved ][by ][the] lncome [Tax ][De1 ][anment.] 4In that v ew [ol- ][the ][lnatter, appellant ][seeks ][to ][u ][lthdrar'i ][the] appeal. is [accordingly, ][disposed ][ol ][on ][withdrawal']Appeal 5. Miscellar [eous ][applications, ][if ][any ][pending' ][shall ][stand closed] 6 No costs T Sd/.K,SRINIVASA RAO.JOII'IT REGISTRARe //TRUE COPY' SECTION OFFICER To 1The lncome Tax tppellate [Tribunal, ][Bench'B' ][Hyderabad.]2The Commission [,r ]of lncome [Tax (Appeals)-V, ][Hyderabad.]3The Additional Cr mmissioner of [lncome Tax, Range-16, ][Hyderabad]4One CC to Sri J.\ .Prasad, SC [for ][l.T.Department (OPUC)]5One CC to Sri S.l)warakanath, Advocate [(OPUC)]6Two CD Copies7One Spare CopyK12The Commission [,r ]of lncome [Tax (Appeals)-V, ][Hyderabad.]3The Additional Cr mmissioner of [lncome Tax, Range-16, ][Hyderabad]4One CC to Sri J.\ .Prasad, SC [for ][l.T.Department (OPUC)]5One CC to Sri S.l)warakanath, Advocate [(OPUC)]6Two CD Copies7One Spare CopyK1 ,)$U'- DATED:1311212021 JUDGMENTITTA.No.88 of 2019 DISPOSING OF THE I' TA AS [COSTS.] StO\n>?iv 1lii [slAr€](0 5 JAN [2022]oo).ot*oEspAT c,t