The High Court of Justice at Madras, in an income tax appeal governed by the Finance circular No.21/2015, dismissed the appeal due to its monetary value being less than Rs.20 lakhs, while leaving the underlying questions of law open.
The tax case appeal is dismissed, leaving open the questions of law. No costs.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
In the High Court of Judicature at Madras
Dated : 01.2.2016
Coram :
The Honourable Mr.Justice V.RAMASUBRAMANIAN
and
The Honourable Mr.Justice N.KIRUBAKARAN
T.C.A.No.1264 of 2007
The Commissioner of Income Tax, Tamil Nadu-I, Madras.
...Appellant
Vs
M/s.TVS Finance & Services Ltd., Chennai-6.
...Respondent
APPEAL under Section 260-A of the Income Tax Act against the order
of the Income Tax Appellate Tribunal 'C' Bench, Chennai dated 15.12.2006 passed in Int. T.A.No.21/Mds/2004.
For Appellant : Mr.M.Swaminathan For Respondent : Mr.R.Venkatanarayanan for M/s.Subbaraya Iyer & Padmanabhan
JUDGMENT WAS DELIVERED BY V.RAMASUBRAMANIAN,J
Though the appeal was admitted way back on 1.10.2007 on two
questions of law, the monetary value of the appeal is less than Rs.20 lakhs. In view of the circular of the Central Board of Direct Taxes in circular No.21/ 2015 dated 10.12.2015, the tax case appeal is dismissed, leaving open the questions of law. No costs.
01.2.2016
V.RAMASUBRAMANIAN,J AND N.KIRUBAKARAN,J
RS
Internet : Yes
To
The Income Tax Appellate Tribunal 'C' Bench, Chennai
TCA.No.1264 of 2007
01.2.2016
1 issue framed by the court
Whether the tax case appeal admitting two questions of law should be dismissed as a matter of order considering the low monetary value and CBCT Circular No.21/2015 or decided on merits.
2 provisions across 2 enactments
Commissioner of Income Tax, Tamil Nadu-I, Madras
M/s.TVS Finance & Services Ltd., Chennai
V. Ramasubramanian
N. Kirubakaran
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
