Commissioner Of Income Tax Chennai v. M/S.the Thanjavur Central Co-Operative Bank Ltd
High Court
14 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Commissioner Of Income Tax Chennai v. M/S.the Thanjavur Central Co-Operative Bank Ltd
Date of order
14 Nov 2024
Assessment year(s)
2015-16
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Commissioner Of Income Tax Chennai v. M/S.the Thanjavur Central Co-Operative Bank Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Decision: Recording the aforesaid submission, this Tax Case (appeal) is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 14.11.2024
CORAM :
THE HONOURABLE DR.JUSTICEANITA SUMANTHand
THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No.277 of 2024
Commissioner of Income Tax Chennai.
.... Appellant
vs
M/s.The Thanjavur Central Co-operative Bank Ltd.,No.10, West Main Street,Thanjavur - 613 009.PAN:AAAAT-7828-C
.... Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Chennai, B Bench, dated 09.10.2023 in ITA No. 767/CHNY/2020.
For Appellant :Mr.S.RajeshJunior Standing Counsel
DR. ANITA SUMANTH.,J.andG. ARUL MURUGAN.,J.
JUDGMENT(Delivered by Dr. ANITA SUMANTH.,J)
Mr.S.Rajesh, learned Junior Standing Counsel, appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue this appeal qua assessment year 2015-16 and seeks withdrawal of the same on account of the low tax effect per Circular bearing No.9 of 2024 dated 17.09.2024.
2. Recording the aforesaid submission, this Tax Case (appeal) is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.
Index:Yes/NoNeutral Citation:YesSpeaking ordersl
[A.S.M., J] [G.A.M., J] 14.11.2024
T.C.A.No.277 of 2024
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