The High Court of Madras dismissed the Income Tax Appeal filed by M/s. Mayajaal Entertainment Ltd. against Section 115JB disallowances. The appeal was disposed of as withdrawn by the appellant after filing Form-3 under the Direct Tax Vivad Se Vishwas Act, 2020.
The Tax Case Appeal was dismissed as withdrawn by the appellant. 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.
Tax Case No.399 of 2012
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 21.01.2021
CORAM
THE HON'BLE MR.JUSTICE M. DURAISWAMY AND
THE HON'BLE MRS.JUSTICE T.V. THAMILSELVI
Tax Case Appeal No.399 of 2012
M/s.Mayajaal Entertainment Ltd.,
34/1, East Coast Road,
Kanathur, Chennai – 603 112. ... Appellant
Vs.
The Assistant Commissioner of Income Tax,
Company Circle IV (1),
121, MG Road, Chennai – 600 034. ... Respondent
Tax Case Appeal filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, Chennai "A" Bench, dated 08.06.2012 passed in I.T.A.No.1284/Mds/2011.
For Appellant : Ms.Sriniranjani Srinivasan For Respondent : Mr.Karthick Ranganathan, Standing Counsel
Page 1/5
Tax Case No.399 of 2012
J U D G M E N T
(Delivered by T.V. THAMILSELVI, J)
This appeal filed by the assessee under Section 260A of the Income Tax
Act, 1961 ('the Act' for brevity), is directed against the order dated 08.06.2012
passed by the Income Tax Appellate Tribunal, Chennai “A” Bench ('the
Tribunal' for brevity) in I.T.A.No.1284/Mds/2011 for the Assessment Year
2006-07. The assessee has raised the following Substantial Questions of Law
for consideration:
“ 1) Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal is right in law in not allowing the claim of the appellant with regard to the allowability
u/w 115/JB of the following amounts:
(b) writing off of loans and advances
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Tax Case No.399 of 2012
(c) discarded assets written off
(d) capital work in progress written off
(e) bad debts written off
appellant/assessee and Mr.Karthick Ranganathan, learned Standing Counsel for
the respondent/Revenue.
published in the Gazette of India on 17th March 2020.
the assessee has already been issued with Form – 3 on 11.01.2021 and the
learned counsel for the appellant seeks permission of this Court to withdraw the appeal.
Page 3/5
Tax Case No.399 of 2012
5.In view of the submission made by the learned counsel for the
appellant, the Tax Case Appeal stands dismissed as withdrawn. No costs.
[ M.D., J.] [T.V.T.S., J.]
21.01.2021
Index : Yes/No (2/2)
Internet : Yes
va
To
1. Income Tax Appellate Tribunal, Chennai "A" Bench
2.The Assistant Commissioner of Income Tax,
Company Circle IV (1),
121, MG Road, Chennai – 600 034.
Page 4/5
Tax Case No.399 of 2012
M. DURAISWAMY, J. and T.V. THAMILSELVI, J.
va
Tax Case Appeal No.399 of 2012
(2/2)
21.01.2021
Page 5/5
2 provisions across 2 enactments
M/s. Mayajaal Entertainment Ltd.
The Assistant Commissioner of Income Tax, Company Circle IV (1), Chennai
M. Duraismamy
T.V. Thamilselvi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
