Principal Commissioner Of Income-Tax – v. M/S. India Pistons Ltd.,Huzur Gardens,Sembium, Chennai – 600 011
High Court
25 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Principal Commissioner Of Income-Tax – v. M/S. India Pistons Ltd.,Huzur Gardens,Sembium, Chennai – 600 011
Date of order
25 Nov 2024
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Principal Commissioner Of Income-Tax – v. M/S. India Pistons Ltd.,Huzur Gardens,Sembium, Chennai – 600 011, 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Decision: Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.
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.687 of 2016
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 25.11.2024
CORAM :
THE HONOURABLE DR.JUSTICEANITA SUMANTHandTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No.687 of 2016
Principal Commissioner of Income-Tax – 2,121, Mahatma Gandhi Road,Chennai
.. Appellant
vs
M/s. India Pistons Ltd.,Huzur Gardens,Sembium, Chennai – 600 011.PAN : AAA CI 1439 E
.. Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras 'B' Bench, dated 06.11.2015 in ITA No.496/Mds/2014.
For Appellant :Mr.T.RavikumarSenior Standing Counsel
For Respondent:Mr.R.Vijayaraghavanfor M/s.Subbaraya AiyarPadmanabhan
DR. ANITA SUMANTH.,J.andG. ARUL MURUGAN.,J.
JUDGMENT(Delivered by Dr. ANITA SUMANTH.,J)
Mr.T.Ravikumar, 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 1997 - 98 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter. No costs.
Index:Yes/NoNeutral Citation:Yesssm
[A.S.M., J] [G.A.M., J] 25.11.2024
T.C.A.No.687 of 2016
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