THE PRL.COMMISSIONER OF INCOME TAX vs. SRI.LINGAM RAVINDRA RAO

COURT OF ANDHRA PRADESH AT AMARAVATI the EIGHTEENTH DAY OF NOVEMBER TWO THOUSAND AND TWENTY FOUR IN THE HIGH MONDAY, PRESENT HONOURABLE SRI JUSTICE G.NARENDAR AND HONOURABLE SRI JUSTICE T.C.D.SEKHAR INCOME TAX TRIBUNAL APPEAL NO: 295 OF 2017 260 A of the Income Tax Act, 1961 praying that Appeal under Section the High Court may bo pleased to allow the appeal by duly setting aside the Order dated 31-05-2016 passed in I.T.A No.1172/H/2013 (Assessment 2005-2006) by the Income Tax Appellate Tribunal, Hyderabad Bench- Hyderabad, filed challenging the Order dated 28-03-2013 passed in ITA No.0303/DC-CC-3/CIT(A)-V/2012-13, by the Commissioner of Income Tax year B filed against the Order dated 27-12- (Appeals)-V, Hyderabad, which was 2010 passed U/s.143(3) read with Section 144 of the Income Tax Act, 1961 (Assessment year 2005-2006) by the Assistant Commissioner of Income Tax, Central Circle-3, Hyderabad. Between: The Principal Commissioner of Income Tax, Vijayawada. ...APPELLANT AND 64-9-2, SBH Complex, Patamatalanka, Lingam Ravindra Rao Vijayawada. ...RESPONDENT

f % Counsel for the Appellant ; SRI ANUP KOUSHIK KARAVAD (SENIOR STANDING COUNSEL FOR INCOME TAX DEPARTMENT) / Counsel for the Respondent : The Court made the following JUDGMENT :

. 1 t 1 HON’BLE SRI JUSTICE G.NARENDAR AND HON’BLE SRI JUSTICE T.C.D. SEKHAR I.T.T.A. No. 295 of 2017 JUDGMENT:- (per Hon’ble Sri Justice G.Narendar) The learned counsel for the Appellant-Department has filed a memo into Court, including a copy of the circular No.09/2024 in F.No.279/Misc./M-74/2024-ITJ. dated 17.09.2024, whereby, the Appellant-Department has formulated a litigation policy and under the said policy, it has been resolved not to initiate any Appeals or Petitions, where the monetary stakes involved Rs.2 Crores and hence, he prays leave of the Court to withdraw the Appeal. 1. are less than 2. Submission is placed on record. 3. Accordingly, the Appeal is dismissed as withdrawn. No costs. As a sequel thereto, the miscellaneous petitions pending in this Appeal shall stand closed. if any. SOI- S.V.S.R.MURTHY JOINT REGISTRAR //TRUE COPY// 0^ SECTION OFFICER To, 1. The Income Tax Appellate Tribunal, Hyderabad Bench-B, Hyderabad.

/ f 2. The Commissioner of Income Tax (Appeals)-V, Hyderabad 3 The Assistant Commissioner of Income Tax, Central Circle-3 Hyderabad. 4. One CC to Sri Anup Koushik Karavadi Advocate [OPUC] 5. Three CD Copies BSV TAC

HIGH COURT DATED:18/1 1/2024 JUDGMENT ITTA.No.295 of 2017 DISMISSING THE ITTA AS WITHDRAWN WITHOUT COSTS