M/S.asl Capital Holdings Private Limited v. The Assistant Commissioner Of Income Tax,O/O.the Assistant Commissioner Of Income Tax,Central Circle – 2(1),Aayakar Bhavan, M.k.road,Mumbai
High Court
13 Oct 2025 In favour of: Revenue
Forum / Bench
High Court · hc_cis_mas
Parties
M/S.asl Capital Holdings Private Limited v. The Assistant Commissioner Of Income Tax,O/O.the Assistant Commissioner Of Income Tax,Central Circle – 2(1),Aayakar Bhavan, M.k.road,Mumbai
Date of order
13 Oct 2025
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In M/S.asl Capital Holdings Private Limited v. The Assistant Commissioner Of Income Tax,O/O.the Assistant Commissioner Of Income Tax,Central Circle – 2(1),Aayakar Bhavan, M.k.road,Mumbai, the High Court (2025) dismissed the appeal under Section 271 of the Income-tax Act. 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
W.P.No.18071 of 2024
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED : 13.10.2025
CORAM :
THE HONOURABLE MR.JUSTICE C.SARAVANAN
W.P.No.18071 of 2024and
W.M.P.Nos.19865 and 19868 of 2024
M/s.ASL Capital Holdings Private Limited,PAN:AAACA8354LRepresented by its Director Mrs.Rajshri Choudhary,138, Dr.Radhakrishnan Street, Mylapore, Chennai – 600 004.
... Petitioner
Vs.
The Assistant Commissioner of Income Tax,O/o.The Assistant Commissioner of Income Tax,Central Circle – 2(1),Aayakar Bhavan, M.K.Road,Mumbai. ... Respondent
Prayer: Writ Petition filed under Article 226 of the Constitution of India, for issuance of a Writ of Certiorarified Mandamus, to call for the records pertaining to the Original Impugned Penalty Order under Section 271(1)(c) of the Act dated 27.09.2023 having DIN:ITBA/PNL/F/271(1)(c)/2023-24/1056612553(1) and separate penalty order initiated under Section 271(1)(b)oftheActdated26.09.2023having
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Page No. 1 of 4
W.P.No.18071 of 2024
DIN:ITBA/PNL/F/271(1)(b)/2023-24/1056568396(1) passed by the Respondent and all other consequential orders passed and quash the same.
For Petitioner: Mr.Vignesh Krishnaswamy
For Respondent: Mr.A.N.R.Jayaprathap Junior Standing Counsel
ORDER
The learned counsel for the Petitioner seeks leave of this Court to withdraw this Writ Petition and he has also made an endorsement to that effect in the Court bundle.
2. Recording the above submission and also the endorsement made by
the learned counsel for the Petitioner, this Writ Petition stands dismissed as withdrawn with liberty to pursue the remedy before the jurisdictional High Court namely the Bombay High Court in the manner known to law. No costs. Connected Writ Miscellaneous Petitions are closed.
13.10.2025
Neutral Citation : Yes / No
jas
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Page No. 2 of 4
To:
The Assistant Commissioner of Income Tax,O/o.The Assistant Commissioner of Income Tax,Central Circle – 2(1),Aayakar Bhavan, M.K.Road,Mumbai.
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Page No. 3 of 4
W.P.No.18071 of 2024
____________Page No. 4 of 4
W.P.No.18071 of 2024
C.SARAVANAN, J.jas
W.P.No.18071 of 2024and W.M.P.Nos.19865 and 19868 of 2024
13.10.2025
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