Network18 Media And Investment Ltd v. The Asst. Commissioner Ofincome-Tax Central Circle - 3(3)

2-ITXA(L) 25644-23 & ITXA 777-24.DOC

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO. 25644 OF 2023 Pr. Commissioner of Income Tax-Central-2 ...Appellant Vs.

Network 18 Media & Investment

...Respondent

AND INCOME TAX APPEAL NO. 777 OF 2024 Network 18 Media & Investment Ltd.

...Appellant Vs.

The Asst. Commissioner of Income - Tax, Central Circle - 3(3)

...Respondent

_________ Mr. Vipul Bajpayee for the Appellant in ITXA(L)/25644/2023 and for the Respondent in ITXA/777/2024.

Mr. P. C. Tripathi, Mr. Ketan Dave & Mr. Pratik Shah i/by A. S. Dayal & Associates for the Respondent in ITXA (L)/25644/2023 and for the Appellant in ITXA/777/ 2024.

__________

CORAM:

G. S. KULKARNI & ARIF S. DOCTOR, JJ.

DATE:

30 JUNE 2025.

Digitally signed by MUGDHA MANOJ PARANJAPE Date:

2025.07.01 11:10:47 +0530 MUGDHA MANOJ PARANJAPE P.C.

1.

These are two Appeals filed under Section 260A of the Income Tax Act, 1961.

2.

Income Tax Appeal (L) No.25644 of 2023 is filed by the Revenue Authority and Income Tax Appeal No.777 of 2024 is filed by the Assessee. 3.

Both Learned Counsel for the Appellant seek leave to withdraw these Appeals stating that the disputed tax is nil and hence considering the Notification of the Central Board of Direct Taxes with regard on the tax effect, the Appeals need not to be proceeded further. They are accordingly permitted to be withdrawn.

4.

Disposed of as withdrawn. No costs.

(ARIF S. DOCTOR, J.) (G. S. KULKARNI, J.) 30 June 2025 Mugdha