The Commissioner of Income v. M/S. Tube Investments of
Income-Tax – Tax Case Appeals under Section 260A, Income-Tax Act, 1961 – TCA Nos.25 and 26 of 2014
Case brief
What is this about?
Madras High Court (Neutral Citation 2025:MHC:2866, dated 12-12-2025), Division Bench of Dr. Justice Anita Sumanth and Mr. Justice Mummineni Sudheer Kumar, dismissed as withdrawn TCA Nos.25 and 26 of 2014 filed by the Commissioner of Income Tax, Chennai under Section 260A of the Income-Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, Madras ‘D’ Bench, Chennai dated 17.04.2012 in ITA Nos.663 & 559/Mds/2011 relating to assessment year 2000-01, the assessee being M/s.Tube Investments of India Ltd. (formerly TI Diamond Chain Ltd.). Withdrawal was sought by the Department (Ms.V.Pushpa, Senior Standing Counsel) on account of low tax effect per Circular bearing No.9 of 2024 dated 17.09.2024; questions of law left open; no costs. No precedent discussed; no quantum involved.
What did the court decide?
Both TCA Nos.25 and 26 of 2014 dismissed as withdrawn at the instance of the appellant/Department on account of low tax effect per Circular No.9 of 2024 dated 17.09.2024; questions of law left open; no costs.