Commissioner Of Income Taxcentral Iiichennai v. M/S.annapoorana Finance Corporation5/315 Junction Main Road,Salem
High Court
04 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Commissioner Of Income Taxcentral Iiichennai v. M/S.annapoorana Finance Corporation5/315 Junction Main Road,Salem
Date of order
04 Nov 2024
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Commissioner Of Income Taxcentral Iiichennai v. M/S.annapoorana Finance Corporation5/315 Junction Main Road,Salem, 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Decision: Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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.556 of 2011
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 04.11.2024
CORAM :
THE HONOURABLE DR.JUSTICEANITA SUMANTHandTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No.556 of 2011
Commissioner of Income TaxCentral IIIChennai... Appellant
vs
M/s.Annapoorana Finance Corporation5/315 Junction Main Road,Salem .. Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Chennai 'A' Bench, Block Assessment Period : 01.04.1997 to 22.04.2003 dated 31.03.2009 in IT (SS) A.No.0072/Mds/2007.
For Appellant :Mr.Karthik Ranganathan
Senior Standing Counsel
For Respondent:Mr.T.Vasudevan
DR. ANITA SUMANTH.,J.andG. ARUL MURUGAN.,J.
JUDGMENT
(Delivered by Dr. ANITA SUMANTH.,J)
Mr.Karthik Ranganathan, learned Senior Standing Counsel,
appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue this appeal qua block assessment period 01.04.1997 to 22.04.2003 2002 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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] 04.11.2024
T.C.A.No.556 of 2011
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