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Commissioner Of Income Tax Media Circle, Chennai v. M/S.footcandles Film P Limited,B-3, Ammol Crest

High Court 05 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Commissioner Of Income Tax Media Circle, Chennai v. M/S.footcandles Film P Limited,B-3, Ammol Crest
Date of order
05 Nov 2024
Assessment year(s)
2009-2010
Outcome
Dismissed

Case summary

In Commissioner Of Income Tax Media Circle, Chennai v. M/S.footcandles Film P Limited,B-3, Ammol Crest, 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Decision: Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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

The order — as passed by the High Court

T.C.A.No.964 of 2013 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 05.11.2024 CORAM : THE HONOURABLE DR.JUSTICEANITA SUMANTHandTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.No.964 of 2013 Commissioner of Income Tax Media Circle, Chennai... Appellant vs M/s.Footcandles Film P Limited,B-3, Ammol Crest,No.3, Lock Street, Kottur Gardens,Kotturpuram,Chennai - 600 085PAN : AAACF 4458Q .. Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras A Bench, dated 08.08.2013 in ITA No. 1932/Mds/2012. For Appellant :Mr.Rajeshfor Mr.J.NarayanaswamySenior Standing Counsel For Respondent:Not ready in notice DR. ANITA SUMANTH.,J.andG. ARUL MURUGAN.,J. JUDGMENT (Delivered by Dr. ANITA SUMANTH.,J) Mr.Rajesh, learned counsel, for Mr.J.Narayanaswamy, learned Senior Standing Counsel, appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue this appeal qua assessment year 2009-2010 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter. No costs. Index:Yes/NoNeutral Citation:Yesssm [A.S.M., J] [G.A.M., J] 05.11.2024 T.C.A.No.964 of 2013
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