Principal Commissioner Of Income Tax – 1 v. M/S.emerald Jewel Industry India Ltd
High Court
26 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Principal Commissioner Of Income Tax – 1 v. M/S.emerald Jewel Industry India Ltd
Date of order
26 Nov 2024
Assessment year(s)
2011-12
Outcome
Dismissed
Case summary
In Principal Commissioner Of Income Tax – 1 v. M/S.emerald Jewel Industry India 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Decision: Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the questions of law open to be decided in an appropriate matter. slIndex:Yes/NoNeutral Citation:YesSpeaking order [A.S.M., J] [G.A.M., J]26.11.2024 T.C.(A)No.658 of 2018
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.658 of 2018
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 26.11.2024
CORAM :
THE HONOURABLE DR.JUSTICE ANITA SUMANTHandTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.(A)No.658 of 2018
Principal Commissioner of Income Tax – 1,No.63, Race Course Road,Coimbatore – 641 018.
.... Appellant
vs
M/s.Emerald Jewel Industry India Ltd, 230, T.V. Samy Road [East], R.S. Puram, Coimbatore - 641 002. PAN: AAB CE 3430 A
.... Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order dated 07.10.2016 made in I.T.A.No.1811/Mds/2015 on the file of the Income Tax Appellate Tribunal 'B' Bench in respect of assessment year 2011-12.
For Appellant:Mr.Karthik RanganathanSenior Standing Counsel
For Respondent: Mr.A.S.Sriraman
Dr.ANITA SUMANTH,J.ANDG.ARUL MURUGAN,J.
JUDGMENT(Delivered by Dr. ANITA SUMANTH.,J)
Mr.Karthik Ranganathan, learned Senior Standing Counsel, appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue this appeal qua assessment year 2011-12 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the questions of law open to be decided in an appropriate matter.
slIndex:Yes/NoNeutral Citation:YesSpeaking order
[A.S.M., J] [G.A.M., J]26.11.2024
T.C.(A)No.658 of 2018
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