Commissioner of Income Tax v. M/S Ramco Industries Ltd.
Case brief
What is this about?
Low tax effect dismissal of Revenue appeal. Parties: Commissioner of Income Tax Corporate Circle-2, Madurai (appellant/Revenue) vs M/s.Ramco Industries Limited, Rajapalayam, PAN AAACR5284J (respondent/assessee). Case: TCA No.59 of 2018, High Court of Judicature at Madras, decided 22.09.2025; coram Manindra Mohan Shrivastava, CJ. and G. Arul Murugan, J. Statute: Section 260A, Income Tax Act, 1961. Impugned order: ITAT Madras “A” Bench, Chennai, order dated 26.10.2016 in ITA No.2163/MDS/2015, Assessment Year 2008-09. Ground: low tax effect; CBDT Circular No.05/2024 dated 15.03.2024 and Circular No.09/2024 dated 17.09.2024; Revenue did not wish to proceed; question of law kept open. Result: appeal dismissed, no order as to costs. Advocates: V.Mahalingam (Senior Standing Counsel) and P.E.R.Mangala Suvigaran (Junior Standing Counsel) for appellant.
What did the court decide?
The appeal stands dismissed, with no order as to costs, because the appellant/Revenue does not wish to proceed with the matter on account of low tax effect in view of CBDT Circulars No.05/2024 and No.09/2024.