Disposed¶25

The Commissioner of Income v. M/S. Igarashi Motors India

Madras HC6 Mar 2026TCA/248/2015

Case brief

AI extract

What is this about?

T.C.A.No.248 of 2015; Commissioner of Income Tax Chennai v. M/s.Igarashi Motors India Ltd.; withdrawal of tax appeal; Circular No.9 of 2024 dated 15.03.2024; Circular No.5 of 2024 superseded; monetary limit Rs.2 crores; tax effect; Section 260-A Income Tax Act 1961; ITAT Madras “A” Branch; I.T.A.2257/Mds/2012; assessment year 2008-2009; disputed tax Rs.1,39,69,890/-; substantial question of law left open; appeal disposed of; no costs; Madras High Court; 06.03.2026.

What did the court decide?

Appeal disposed of in terms of Circular No.9 of 2024 (withdrawal on monetary-limit ground); substantial question of law left open without prejudice to the rights of the Department; no costs. ¶25

The Commissioner of Income Vs M/S. Igarashi Motors India — Income Tax | Madras HC (2026)

¶1

T.C.A.No.248 of 2015

¶2

IN THE HIGH COURT OF JUDICATURE AT MADRAS

¶3

DATED: 06.03.2026

¶4

CORAM

¶5

THE HONOURABLE DR.JUSTICE G.JAYACHANDRAN AND THE HONOURABLE MR.JUSTICE SHAMIM AHMED

¶6

T.C.A.No.248 of 2015

¶7

T.C.A.No.248 of 2015:

¶8

The Commissioner of Income Tax, Chennai.

¶9

… Appellant/Respondent

¶10

/versus/

¶11

M/s.Igarashi Motors India Ltd., Plot No.B-12 to B-15, Phase-II, MEPZ-SEZ, Chennai 600 045. ... Respondent/Appellant

¶12

Tax Case Appeal has been filed under 260-A of the Income Tax Act, 1961, against the order of Income Tax Appellate Tribunal, Madras “A” Branch, Chennai dated 17.06.2013 passed in I.T.A.2257/Mds/2012.

¶13

For Petitioner : Mr.T.Ravikumar, Senior Standing Counsel For Respondent : Mr.T.Banusekar

¶14

JUDGMENT

¶15

This Tax Case Appeal has been filed by the Department challenging the

¶16

order passed by the Income Tax Appellate Tribunal dated 17.06.2013.

¶17

Page Nos.1/3

¶18

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

¶19

T.C.A.No.248 of 2015

¶20

The Learned Standing Counsel appearing for the Appellant/Department

¶21

would submit that the disputed tax amount for the assessment years 2008-2009

¶22

is Rs.1,39,69,890/-. He would further submit that the Government has issued a

¶23

new Circular No.9 of 2024 dated 15.03.2024 in which if the tax effect is less than Rs.2 crores, superseding the earlier circular No.5 of 2024. Pursuant to the same, the present appeal pending before this Court comes under the prescribed monetary limit of the circular mentioned supra. Hence, he seeks leave of this Court to withdraw the appeal.

¶24

This Court, after considering the above submissions finds that the substantial question of law involved in this matter is to be left open to be decided in an appropriate case, without prejudice to the rights of the Department, the appeal may be disposed of in terms of the circular cited above.

¶25