Commissioner Of Income Taxchennai v. M/S Pallava Resorts Pvt Ltd

TCA NO. 352 of 2013 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 19-02-2025 CORAM THE HONOURABLE MR JUSTICE S. S. SUNDAR AND THE HONOURABLE MR JUSTICE C. SARAVANAN TCA NO. 352 of 2013 Commissioner Of Income TaxChennai Appellant Vs M/s Pallava Resorts Pvt Ltd Rain Tree Place Ground Floor, Mc Nichols Road , Chetpet, Ch ennai Respondent( Prayer : This Appeal is filed under Memorandum of Appeal under Section 260-A of the Income Tax Act 1961 agains the order of the Income Tax Appellate Tribunal dated 11.10.2012 in ITA No. 794/Mds/2012. For Appellant(s) : Mrs.V.Pushpa, Sr. Standing CounselFor Respondent(s): Mr.A.S.Sriraman JUDGMENT (Order of the Court was made by the Hon'ble S.S.Sundar J.) This appeal is directed against the formal order of the Income Tax Appellate Tribunal dated 11.10.2012 in ITA No. 794/Mds/2012. In this appeal the appellant has raised the following substantial question of law to be answered;https://www.mhc.tn.gov.in/judis “ C.SARAVANAN, J. ak “ Whether on the facts and in the circumstances of the case, the Income Tax Tribunal was correct in deleting the addition of deemed divident confirmed by the Commissioner of Income Tax (Appeals) to the extent of Rs.5,61,87,557/-? 2. Learned senior standing counsel appearing for the appellant submitted that the amount involved in the present appeal is below the monetary limit as per the circulars issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes in Circular No. 5/2024 and 09/2024 dated 15.03.2024 and 17.09.2024 respectively. 3. In view of the aforesaid submissions made by the learned senior standing counsel for the appellant, the appeal is dismissed as withdrawn. However, the substantital question of law is left open. No costs. (S.S.SUNDAR J.) (C.SARAVANAN J.) 19-02-2025 Index : YesInternet :Yes/Noak TCA No. 352 of 2013