Principal Commissioner Of Income Tax Corporate Circle 2(2)Chennai 600 034 v. M/S. Ifmr Rural Channels & Services P. Ltd.phase-I, 10[Th] Floor, Iitm Research Parkkanagam Village (Behind Tidel Park)Taramani
High Court
26 Aug 2025 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
Principal Commissioner Of Income Tax Corporate Circle 2(2)Chennai 600 034 v. M/S. Ifmr Rural Channels & Services P. Ltd.phase-I, 10[Th] Floor, Iitm Research Parkkanagam Village (Behind Tidel Park)Taramani
Date of order
26 Aug 2025
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In Principal Commissioner Of Income Tax Corporate Circle 2(2)Chennai 600 034 v. M/S. Ifmr Rural Channels & Services P. Ltd.phase-I, 10[Th] Floor, Iitm Research Parkkanagam Village (Behind Tidel Park)Taramani, the High Court (2025) dismissed the appeal under Section 260A of the Income-tax Act. 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
TCA No.73 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.73 of 2022
Principal Commissioner of Income Tax Corporate Circle 2(2)Chennai 600 034...Appellant
Vs.
M/s. IFMR Rural Channels & Services P. Ltd.Phase-I, 10[th] Floor, IITM Research ParkKanagam Village (Behind Tidel Park)Taramani
Chennai 600 113
PAN: ..Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against the order dated 29.09.2021 passed in ITA No.2679/CHNY/2019 on the file of Income Tax Appellate Tribunal 'B' Bench, Chennai.
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Page 1 of 4
For Appellant:Mr.T.RavikumarSenior Standing Counsel Senior Standing Counsel
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.
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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 “B” Bench, Chennai.
2. The Commissioner of Income Tax, Corporate Circle 2(2) Chennai.
3. The Deputy Commissioner of Income Tax (Appeals) - 6 Chennai. Chennai.
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Page 3 of 4
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Page 4 of 4
TCA No.73 of 2022
THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN,J.
(kpl)
TCA No.73 of 2022
26.08.2025
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