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Principal Commissioner Of Income Tax - 8Chennai v. Tamil Nadu Co-Operative State Agriculture And Rural Development Bank Limitedno

High Court 26 Aug 2025 In favour of: Assessee

Forum / Bench

High Court · hc_cis_mas

Parties

Date of order

26 Aug 2025

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Principal Commissioner Of Income Tax - 8Chennai v. Tamil Nadu Co-Operative State Agriculture And Rural Development Bank Limitedno, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.

Decision: In that view of the matter, the appeal stands dismissed.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

Sections referenced in this judgment

Section 260A case law →

The order — as passed by the High Court

TCA No.372 of 2022 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.372 of 2022 Principal Commissioner of Income Tax - 8Chennai...Appellant Vs. Tamil Nadu Co-operative State Agriculture and Rural Development Bank LimitedNo.181, Luz Church RoadMylaporeChennai 600 004PAN: AABAT7344J..Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against the order dated 29.04.2022 passed in ITA No.32/CHNY/2021 on the file of Income Tax Appellate Tribunal 'D' Bench, Chennai. ____________ Page 1 of 4 For Appellant TCA No.372 of 2022 :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. 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. ____________ Page 2 of 4 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 To 1. The Assistant Registrar Income Tax Appellate Tribunal “D” Bench, Chennai. 2. The Commissioner of Income Tax (Appeals)-2 Chennai. Chennai. 3. The Assistant/Deputy Commissioner of Income Tax Chennai. Chennai. ____________ Page 3 of 4 ____________ Page 4 of 4 TCA No.372 of 2022 THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN,J. (kpl) TCA No.372 of 2022 26.08.2025

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