The Pr.Commissioner of Income Tax v. M/S. A.P. Sridhar (Huf)
Case brief
What is this about?
High Court of Judicature at Madras; TCA No. 307 of 2022; decided 28.08.2025. Coram: Chief Justice Manindra Mohan Shrivastava (judgment delivered by him) and Justice Sunder Mohan. Appellant: The Principal Commissioner of Income Tax-I Chennai (counsel Mr.T.Ravi Kumar); Respondent: A.P.Sridhar (HUF), T. Nagar, Chennai (counsel Mr.S.Sridhar). Appeal filed under Section 260A of the Income Tax Act against the ITAT Madras A Bench order dated 23.02.2022 passed in I.T.A.No. 2735/Chny/2016. Dismissed without adjudication on the Revenue's low-tax-effect withdrawal citing CBDT Circular No.05/2024 (15.03.2024) and Circular No.09/2024 (17.09.2024); no order as to costs; no precedent cases cited or engaged.
What did the court decide?
Acting on the appellant/Revenue's submission that it is a case of low tax effect in view of CBDT Circular No.05/2024 dated 15.03.2024 and Circular No.09/2024 dated 17.09.2024, and that the Revenue does not wish to proceed with the matter, the appeal stands dismissed.