Tax appeal by the Income Tax Department for assessment year 2006-07 was withdrawn citing Circular No.9 of 2024 on low tax effect; the appeal was dismissed as withdrawn with the question of law left open and no costs.
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2024:MHC:3712
T.C.A.No.24 of 2013
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 04.11.2024
CORAM :
THE HONOURABLE DR.JUSTICE ANITA SUMANTH and THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No.24 of 2013
The Commissioner of Income Tax Coimbatore.
.. Appellant
vs
M/s.Prashanth Textiles Ltd., 336, Avinashi Road, Peelamedu, Coimbatore – 641 004 .. Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961
against order of the Income Tax Appellate Tribunal, Madras 'A' Bench,
dated 30.04.2012 in I.T.A.No.1481/Mds/2011.
For Appellant : Mr.Karthik Ranganathan Senior Standing Counsel For Respondent : Mr.R.Sivaraman
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T.C.A.No.24 of 2013
DR. ANITA SUMANTH.,J. and G. ARUL MURUGAN.,J.
JUDGMENT (Delivered by Dr. ANITA SUMANTH.,J)
Mr.Karthik Ranganathan, learned Senior Standing Counsel, appearing for the appellant/Department would submit that the IncomeTax Department does not wish to pursue this appeal qua assessment year
2006-2007 and seeks withdrawal of the same on account of the low tax
effect per Circular bearing No.9 of 2024 dated 17.09.2024.
dismissed as withdrawn leaving the question of law open to be decided in
an appropriate matter. No costs.
[A.S.M., J] [G.A.M., J] 04.11.2024
Index:Yes/No Neutral Citation:Yes vs
T.C.A.No.24 of 2013
2/2
1 provisions across 1 enactments
The Commissioner of Income Tax Coimbatore
M/s. Prashanth Textiles Ltd.
Anita Sumanth
G. Arul Murugan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
