Dismissed

M/S Coastal Energy Pvt. Ltd. v. the Asst Commissioner of

Madras HC14 Nov 2024TCA/426/2011

Case brief

AI extract

What is this about?

This short order by the Madras High Court dealt with a special leave appeal against an ITAT order. With no respondent appearance and noting the assessee is under NCLT liquidation, the single judge closed the appeal without deciding the substantial questions of law under Section 260A.

What did the court decide?

The appeal was closed returning the substantial questions of law unanswered. No costs awarded.

M/S Coastal Energy Pvt. Ltd. Vs the Asst Commissioner of — Arbitration | Madras HC (2024)

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2025:MHC:54

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T.C.A.No.426 of 2011

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 14.11.2024

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CORAM :

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THE HONOURABLE DR.JUSTICE ANITA SUMANTH and

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THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.No.426 of 2011 & M.P.No.1 of 2011

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M/s. Coastal Energy Pvt Ltd., 5 Buhari Buildings, Moores Road, Thousand Lights, Chennai – 600 006.

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.. Appellant

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The Assistant Commissioner of Income Tax, Company Circle I(3), Chennai – 600 034.

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.. Respondent

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Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal 'B' Bench, Chennai dated 13.07.2011 in I.T.A.No.2099/Mds/2010.

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For Appellant : Mr.R.Venkatanarayanan for M/s.Subbaraya Aiyar Padmanaban For Respondent : No appearance

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JUDGMENT

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(Delivered by Dr. ANITA SUMANTH.,J)

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This is a matter relating to an order passed under the Income Tax

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Act, 1961, for assessment year (AY) 2006-07.

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2.There is no appearance for the respondent.

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https://www.mhc.tn.gov.in/judis

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T.C.A.No.426 of 2011

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3.Learned counsel for the petitioner reports no instructions but states that, as noticed from the portal, the assessee company was the subject matter of proceedings before the National Company Law Tribunal, Chennai (NCLT) in IA/81/CHE/2021 in IBA/624/2019 along with IA/318/CHE/2021 in IBA/624/2019. Vide order dated 27.08.2021, the NCLT has allowed the aforesaid applications and has appointed a liquidator.

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4.We are unaware of the status of the proceedings before the NCLT. Since three years have elapsed, it is expected that necessary claims would have been filed by the Income Tax Department before the liquidator. It is hence unnecessary for us to keep this Tax Case (Appeal) pending any further.

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5.Recording the above, this Tax Case Appeal is closed returning the substantial questions of law unanswered. No costs. Connected miscellaneous petition is closed.

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[A.S.M., J] [G.A.M., J] Index:Yes/No 14.11.2024 Speaking order Neutral Citation:Yes vs

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https://www.mhc.tn.gov.in/judis

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T.C.A.No.426 of 2011

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The Assistant Commissioner of Income Tax, Company Circle I(3), Chennai – 600 034.

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https://www.mhc.tn.gov.in/judis

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3/4

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T.C.A.No.426 of 2011

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DR. ANITA SUMANTH.,J. and G. ARUL MURUGAN.,J.

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T.C.A.No.426 of 2011

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14.11.2024

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https://www.mhc.tn.gov.in/judis

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M/S Coastal Energy Pvt. Ltd. v. the Asst Commissioner of

Case brief

What is this about?

What did the court decide?

M/S Coastal Energy Pvt. Ltd. v. the Asst Commissioner of

Case brief

What is this about?

What did the court decide?

What the court decided

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