Case LawHigh Court › M/S. Tamil Nadu Mercantile Bank Ltd,Head...

M/S. Tamil Nadu Mercantile Bank Ltd,Head Office v. The Assistant Commissioner Of Income Tax,Circle - 1,Tuticorin

High Court 26 Apr 2022 In favour of: Revenue
Forum / Bench
High Court · hc_cis_mas
Parties
M/S. Tamil Nadu Mercantile Bank Ltd,Head Office v. The Assistant Commissioner Of Income Tax,Circle - 1,Tuticorin
Date of order
26 Apr 2022
Assessment year(s)
2012-13
Outcome
Dismissed

Case summary

In M/S. Tamil Nadu Mercantile Bank Ltd,Head Office v. The Assistant Commissioner Of Income Tax,Circle - 1,Tuticorin, the High Court (2022) dismissed the appeal. The decision went in favour of the Revenue.

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

IN THE HIGH COURT OF JUDICATURE AT MADRAS THE HON'BLE MR. JUSTICE R. MAHADEVANAND THE HON'BLE MR. JUSTICE J. SATHYA NARAYANA PRASAD T.C.A.No.531 of 2021 M/s. Tamil Nadu Mercantile Bank Ltd,Head Office:57, V.E.Road,Tuticorin, Tamil Nadu.PAN: AAACT 5558K Versus The Assistant Commissioner of Income Tax,Circle - 1,Tuticorin. Prayer : Tax Case Appeal preferred under Section 260A of IncomeTax Act, 1961 against the order of the Income Tax AppellateTribunal Chennai 'A' Bench in I.T.A.No.864/Chny/2019 dated30.07.2021 for the Assessment Year 2012-13. Appeal against theorder dated 25.02.2019 made in ITA No.121/2017-18 on the fileof the Commissioner of Income Tax (Appeals)-1 Madurai for theAssessment year 2012-13 and against the order dated 05.12.2017made in PAN : on the file of the AssistantCommissioner of Income Tax Circle-1, Tuticorin for theAssessment year 2012-13 This appeal has been filed against the order of the IncomeTaxAppellateTribunalChennai'A'BenchinI.T.A.No.864/Chny/2019 dated 30.07.2021 for the assessment year2012 - 13. 2.Today, this matter is listed under the caption “forwithdrawal”. The learned counsel for the appellant alsosought permission of this Court to withdraw this Tax Casehttps://hcservices.ecourts.gov.in/hcservices/Appeal and he has made an endorsement in the Appeal to thateffect. 3. In view of the submission and endorsement made by thelearned counsel for the appellant, the Tax Case Appeal isdismissed as withdrawn. No costs. //True Copy// Sd/-Assistant Registrar (CCC) gba/msr Sub Assistant Registrar To1.The Income Tax Appellate Tribunal, 'A' Bench, Chennai.2.The Commissioner of Income Tax (Appeals)-1, Madurai.3.The Assistant Commissioner of Income Tax, Circle - 1, Tuticorin.+1cc to Mr.M.Swaminathan, Advocate SR. No. 28447 RSV (CO)PR (23/05/2022) T.C.A.No.531 of 2021
Facing a similar income-tax issue?
Our CA-led litigation team handles notices, scrutiny, penalties and appeals (CIT(A) & ITAT) end-to-end.
✅ File an income-tax appeal (CIT(A)/ITAT) → 💬 Ask our CA
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation. Full disclaimer & Terms.
Contact Careers Media / Press · Privacy Terms Refund Cancellation Cookies Disclaimer
© 2026 EaseValue Advisors LLP · LLPIN ACN-4920 · Jaipur, Rajasthan