The Principal Commissioner of Income Tax vs. M/s.Krishna District co operative Central Bank Limited

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ITTA/338/2018HC Andhra PradeshAPHC01019258201818 November 2024Bench: G.NARENDAR,T.C.D.SEKHAR4 pages
AI SummaryDismissed

What did the High Court hold?

The High Court allowed the withdrawal of the appeal based on the Department's litigation policy. The policy stipulated not to pursue appeals with monetary stakes below Rs. 2 Crores.

What were the facts?

The Revenue Department filed an appeal before the High Court against an order of the Income Tax Appellate Tribunal. The Department later filed a memo to withdraw the appeal.

What were the issues?

Whether the Revenue Department can withdraw an appeal based on its internal litigation policy. The applicability of the litigation policy to the present appeal.

Which sections of the Income-tax Act were involved?

Section 260A

AI-generated summary — verify with the full judgment below

I ♦ IN THE HIGH COURT OF ANDHRA PRADESH :: AMARAVATI TUESDAY, THE NINETEENTH DAY OF NOVEMBER TWO THOUSAND AND TWENTY FOUR o A. rv- I ^ ',34 f7 IF'J V PRESENT THE HONOURABLE SRI JUSTICE G.NARENDAR AND THE HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No- 338 OF 2Q1« of? 1 ?7 Between; The Principal Commissioner of Income Tax, Vijayawada ...APPELLANT AND M/s.Krishna District co operative Central Bank Limited Jagannathapuram, machilipatnam 11/717, ...RESPONDENT Appeal under section 260A of the Income Tax order of the Income Tax Appellate Tribunal, Visakhapatnam, in Assessment Year 2007-08. Counsel for the Appellant: SRI. J.V. PRASAD (SC FOR INCOME Counsel for the Respondent: SRI. DUNDU MANMOHAN The Court delivered the following Judgment: Act, 1961, against Visakhapatnam Bench, ITA.No.120A/izag,2013 dated 08.11.2017 for TAX)

y APHC010192582018 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3507] TUESDAY, THE NINETEENTH DAY OF NOVEMBER TWO THOUSAND AND TWENTY FOUR PRESENT THE HONOURABLE SRI JUSTICE G.NARENDAR THE HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL No.338 OF 2018 Between: The Principal Commissioner Of Income Tax ...APPELLANT AND M/s Krishna District Co Operative Central Bank ...RESPONDENT Limited Counsel for the Appellant: 1. J V PRASAD (SC FOR INCOME TAX) Counsel for the Respondent: 1.DUNDUMANMOHAN 2.VENKATRAM REDDY MANTUR The Court made the following:

\ jypGMENI:- (per Hon'ble Sri Justice G.Narendar) The learned counsel for the appellant-Department a memo into Court, including a appellant-Department has formulated the said policy, it has been petitions, where the Rs.2 Crores and hence the appeal. 1. has filed copy of the circular whereby, the a litigation policy and under resolved not to initiate any appeals monetary stakes involved or are less than he prays leave of the Court to withdraw 2. Submission is placed on record. 3. Accordingly, the appeal is dismissed as withdrawn, costs. No As a sequel thereto, the miscellaneous pending in this appeal shall stand closed. petitions, if any SOI- P VENKATA RAMANA JOINT REGISTRAR //TRUE COPY// SECTION OFFICER To 1. The Income Tax Appellate Tribunal, Visakhapatnam Bench, Visakhapatnam. 2. One CC to Sri J.V. Prasad, SC for Income Tax [OPUC] 3. One CC to Sri Dundu Manmohan, Advocate [OPUC] 4. Three CD Copies GLM vna

HIGH COURT DATED: 19/11/2024 JUDGMENT: ITTA.No.338 of 2018 X 0 5 MAR 2025 j|| . current Section ^ DISMISSING THE ITTA AS WITHDRAWN

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