Commissioner Of Income Taxchennai v. Karnataka Castings348 A Madhavaram Red Hill High Roadmadhavaram,Chennai - 60
High Court
30 Oct 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Commissioner Of Income Taxchennai v. Karnataka Castings348 A Madhavaram Red Hill High Roadmadhavaram,Chennai - 60
Date of order
30 Oct 2024
Assessment year(s)
2007-2008
Outcome
Dismissed
Case summary
In Commissioner Of Income Taxchennai v. Karnataka Castings348 A Madhavaram Red Hill High Roadmadhavaram,Chennai - 60, 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Decision: Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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.418 of 2012
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 30.10.2024
CORAM :
THE HONOURABLE DR.JUSTICEANITA SUMANTHand
THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No.418 of 2012
Commissioner of Income TaxChennai... Appellant
vs
Karnataka Castings348 A Madhavaram Red Hill High RoadMadhavaram,Chennai - 60 . .. Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961
against order of the Income Tax Appellate Tribunal, Madras D Bench, dated 25.6.2012 in ITA 1195/Mds/2011.
For Appellant :Mr.J.Narayanasamy
For Respondent:Mr.G.Tarun,for Mr.S.Sridhar
DR. ANITA SUMANTH.,J.andG. ARUL MURUGAN.,J.
JUDGMENT
(Delivered by Dr. ANITA SUMANTH.,J)
Mr.J.Narayanasamy, 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 2007-2008 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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] 30.10.2024
T.C.A.No.418 of 2012
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