Principal Commissioner Of Income Tax - 1Chennai v. Lakshmanan

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 26.08.2025 CORAM : THE HONOURABLE MR. MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICEAND THE HONOURABLE MR.JUSTICE SUNDER MOHAN TCA No.305 of 2023 Principal Commissioner of Income Tax - 1Chennai...Appellant Vs. Lakshmanan ..Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against the order dated 18.11.2022 passed in ITA No.2744/CHNY/2019 on the file of Income Tax Appellate Tribunal 'A' Bench, Chennai. For Appellant:Mr.T.RavikumarSenior Standing Counsel For Respondent :Mr.G.Baskar JUDGMENT (Judgment of the Court was delivered by the Hon'ble Chief Justice) Heard learned counsel for the appellant/Revenue and learned counsel for the respondent/assessee. ____________ Page 1 of 4 TCA No.305 of 2023 2. At the outset, learned counsel for the Revenue fairly submits that it is a case having low tax effect. Therefore, in view of the Circular No.05/2024 dated 15.03.2024 and Circular No.09/2024, dated 17.09.2024, issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, Government of India, the appellant/Revenue does not wish to proceed with the matter, though the questions of law may be kept open for consideration in the appropriate matter. 3. In that view of the matter, the appeal stands dismissed. There shall be no order as to costs. (MANINDRA MOHAN SHRIVASTAVA, CJ) (SUNDER MOHAN,J) 26.08.2025 Index: Yes/NoNeutral Citation :Yes/No kpl ____________ Page 2 of 4 To 1. The Assistant Registrar Income Tax Appellate Tribunal “A” Bench, Chennai. Income Tax Appellate Tribunal “A” Bench, Chennai. 2. The Commissioner of Income Tax (Appeals) - 2 Chennai. Chennai. 3. The Income Tax Officer Non-Corporate Ward-1(3) Chennai. Non-Corporate Ward-1(3) Chennai. ____________ Page 3 of 4 ____________ Page 4 of 4 TCA No.305 of 2023 THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN,J. (kpl) TCA No.305 of 2023 26.08.2025