Appellant(S v. A.p.sridhar (Huf)Newry Shobika, Flat

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 28.08.2025 CORAM : THE HONOURABLE MR. MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICEAND THE HONOURABLE MR.JUSTICE SUNDER MOHAN TCA No. 307 of 2022 The Principal Commissioner of Income Tax-IChennai. Appellant(s) Vs A.P.Sridhar (HUF)Newry Shobika, Flat No.2, 1st Floor, New No.3, Chimmaiah Pillai Street, T. Nagar, Chennai - 600 017. Respondent(s) PRAYER: Appeal filed under Section 260A of the Income Tax Act against the order of Income Tax Appellate Tribunal, Madras A Bench, Chennai dated 23.02.2022 passed in I.T.A.No. 2735/Chny/2016. ______________Page 1 of 4 For Appellant(s): For Respondent(s): Mr.T.Ravi Kumar Mr.S.Sridhar JUDGMENT (Delivered by the Hon'ble Chief Justice) Heard learned counsel for the appellant/Revenue and learned counsel for the respondent/assessee. 2. At the outset, learned counsel for the Revenue fairly submits that it is a case having low tax effect. Therefore, in view of the Circular No.05/2024, dated 15.03.2024, and Circular No.09/2024, dated 17.09.2024, issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, Government of India, the appellant/Revenue does not wish to proceed with the matter, though the question of law may be kept open for consideration in the appropriate matter. ______________ Page 2 of 4 3. In that view of the matter, the appeal stands dismissed. There shall be no order as to costs. (MANINDRA MOHAN SHRIVASTAVA, CJ) (SUNDER MOHAN,J) 28.08.2025 Index: Yes/NoNeutral Citation:Yes/Nosasi To: 1. The Registrar Income Tax Appellate Tribunals Chennai. 2. The Deputy Commissioner of Income Tax Business Circle-II, Chennai. Business Circle-II, Chennai. 3. The Commissioner of Income Tax (Appeals)-2 Chennai. Chennai. ______________ Page 3 of 4 ______________ Page 4 of 4 TCA.No.307 of 2022 THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN,J. (sasi) TCA No. 307 of 2022 28.08.2025