The Commissioner Of Income Tax Circle, V, Chennai – 34 v. M/S.sarada Binding Works
High Court
18 Nov 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
The Commissioner Of Income Tax Circle, V, Chennai – 34 v. M/S.sarada Binding Works
Date of order
18 Nov 2024
Assessment year(s)
2004-2005
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax Circle, V, Chennai – 34 v. M/S.sarada Binding Works, 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Decision: Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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
T.C.A.No.937 of 2009
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 18.11.2024
CORAM :
THE HONOURABLE DR.JUSTICE ANITA SUMANTHandTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No.937 of 2009
The Commissioner of Income Tax Circle, V, Chennai – 34... Appellant
vs
M/s.Sarada Binding Works,No.197, Arcot Road,Vadapalani,Chennai – 26. .. Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, 'D' Bench, Chennai dated 20.03.2009 in I.T.A.No.524/Mds/2008.
For Appellant :Mr.J.NarayanaswamySenior Standing Counsel
For Respondent:No Appearance
DR. ANITA SUMANTH.,J.andG. ARUL MURUGAN.,J.
JUDGMENT(Delivered by Dr. ANITA SUMANTH.,J)
Mr.J.Narayanaswamy, 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 2004-2005 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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/NoSpeaking orderNeutral Citation:Yesvs
[A.S.M., J] [G.A.M., J] 18.11.2024
T.C.A.No.937 of 2009
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