M/S.heera Financial Services Ltd v. The Assistant Commissioner Of Income-Tax, Company Circle-I (5)
High Court
12 Nov 2018 In favour of: Revenue
Forum / Bench
High Court · hc_cis_mas
Parties
M/S.heera Financial Services Ltd v. The Assistant Commissioner Of Income-Tax, Company Circle-I (5)
Date of order
12 Nov 2018
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In M/S.heera Financial Services Ltd v. The Assistant Commissioner Of Income-Tax, Company Circle-I (5), the High Court (2018) dismissed the appeal. The decision went in favour of the Revenue.
Decision: Hence, the above appeals are dismissed as withdrawn.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
In the High Court of Judicature at MadrasDated : 12.11.2018
Coram :
The Honourable Mr.Justice T.S.SIVAGNANAMand The Honourable Mr.Justice N.SATHISHKUMAR
Tax Case Appeal Nos.1141 & 1142 of 2008
M/s.Heera Financial Services Ltd.,No.20, General Muthiah Street,Chennai – 600 079.
...Appellant inboth the AppealsVs
The Assistant Commissioner of Income-tax,Company Circle-I (5),121, Mahatma Gandhi Road,Chennai – 600 034.
...Respondent in both the Appeals
APPEALS under Section 260A of the Income Tax Act, 1961against the common order dated 28.04.2008 in ITA Nos.1840 &1841/Mds/2007 on the file of the Income Tax Appellate TribunalChennai 'A' Bench for the assessment years 2002-03 & 2003-04.TC(A) 1141/08: Against the order of the Commissioner of IncomeTax (Appeals)-III, Chennai,dated 15-05-07 made in ITANo.11/2005-06/TR.1/A-III, and against the order passed by theAssistant Commissioner of Income Tax, Central Circle 1(5)chennai-34, dated 16.3.2005 made in P.A.N.AAACH 1882J.
TCA -1142/08 : Against the order of the Commissioner of IncomeTax (Appeals) III, Chennai-34, dated 16.05.2007 made inITA.No.462/2005-06/A-III, and against the order of the AssistantCommissioner of Income Tax Company Circle 1(2) Chennai-34 dated16.11.05 made in PAN/GIR No. AAACHl882J.
For Appellant : Ms.Sri Lakshmi Valli (in both the appeals)For Respondent : Mr.Karthik Ranganathan (in both the appeals)
For Respondent : Mr.Karthik Ranganathan
(Judgment was delivered by T.S.SIVAGNANAM,J)
Learned counsel for the appellant seeks permission towithdraw the above appeals. He has also made an endorsement inthe bundle today to that effect.
2. Hence, the above appeals are dismissed as withdrawn. Nocosts.
Sd/-Assistant Registrar(CS-VIII)//True copy//Sub Assistant RegistrarmrmTo1.The Assistant Commissioner of Income-tax, Company Circle-I (5), 121, Mahatma Gandhi Road,Chennai – 600 034.2. The Income Tax Appellate Tribunal, Madras 'A' Bench, Chennai3. The Commissioner of Income Tax (Appeals) III, Chenai-344. The Assistant Commissioner of Income Tax, Central Circle (5)Chennai-34.
5. The Assistant Commissioner of Income Tax Company Circle 1(2),Chennai-34.
+1cc to Mr.Mallika Srinivasan, Advocate SR.No.77246
+1cc to Mr.Karthik Ranganathan, Advocate SR.No.77929TCA Nos. 1141 & 1142 of 2008
BS(CO)GMY(06/12/2018)
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