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Commissioner Of Income Tax,Chennai v. M/S.bhaktvatalam Memorial Trust

High Court 15 Oct 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Commissioner Of Income Tax,Chennai v. M/S.bhaktvatalam Memorial Trust
Date of order
15 Oct 2024
Assessment year(s)
2009-2010
Outcome
Dismissed

Case summary

In Commissioner Of Income Tax,Chennai v. M/S.bhaktvatalam Memorial Trust, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Recording the aforesaid submission, the tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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. 642 of 2014 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 29.10.2024 CORAM : THE HONOURABLE DR.JUSTICEANITA SUMANTHand THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.No. 642 of 2014 Commissioner of Income Tax,Chennai. .. Appellant vs M/s.Bhaktvatalam Memorial Trust,No.14, 31[st] Street,Periyar Nagar, Korattur,Chennai – 600 080. .. Respondent Prayer in T.C.A.No. 642 of 2014 : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras D Bench, dated 20.12.2013 in ITA No. 1814/Mds/2012. For Appellant::Ms.V. PushpaSenior Standing CounselFor Respondent::Mr.A.S. Sriraman DR. ANITA SUMANTH.,J. T.C.A. No. 642 of 2014 and G. ARUL MURUGAN.,J. JUDGMENT(Delivered by Dr. ANITA SUMANTH.,J) This matter has been listed under the caption 'For Being Mentioned'. 2.The judgment dated 15.10.2024 is recalled and separate orders in each appeal are passed as specifically sought. 3.Ms.V. Pushpa, learned Senior Standing Counsel, appearing for the appellant / Department would submit that the Income-Tax Department does not wish to pursue the appeal relating to assessment year 2009-2010 and seeks withdrawal of the same on account of the low tax effect per Circular bearing No.5/2024 dated 15.03.2024. 4. Recording the aforesaid submission, the tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter. No costs. [A.S.M., J] [G.A.M., J] 29.10.2024 Index:Yes/NoNeutral Citation:Yes speaking order sl T.C.A.No. 642 of 2014
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