Commissioner Of Income-Tax,Chennai v. M/S.new India Maritime Agencies (P) Ltd
High Court
25 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Commissioner Of Income-Tax,Chennai v. M/S.new India Maritime Agencies (P) Ltd
Date of order
25 Nov 2024
Assessment year(s)
2006-2007
Outcome
Dismissed
Case summary
In Commissioner Of Income-Tax,Chennai v. M/S.new India Maritime Agencies (P) Ltd, 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Decision: Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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.920 of 2015
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 25.11.2024
CORAM :
THE HONOURABLE DR.JUSTICE ANITA SUMANTHandTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No.920 of 2015
Commissioner of Income-tax,Chennai.. Appellant
vs
M/s.New India Maritime Agencies (P) Ltd.,113, Armeinian Street,Chennai 600 001.
.. Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961
against order of the Income Tax Appellate Tribunal Madras 'B' Bench,
dated 07.05.2010 in ITA.No.1650/Mds/2009.
For Appellant :Mrs.Anu GanesanJunior Standing Counsel
For Respondent:Mr.A.S.Sriraman
DR. ANITA SUMANTH.,J.andG. ARUL MURUGAN.,J.
JUDGMENT
(Delivered by Dr. ANITA SUMANTH.,J)
Mrs.Anu Ganesan, learned Junior Standing Counsel, appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue this appeal qua assessment year 2006-2007 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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/NoSpeaking orderNeutral Citation:Yesvs
[A.S.M., J] [G.A.M., J] 25.11.2024
T.C.A.No.920 of 2015
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