The Commissioner Of Income Tax-I,Chennai v. M/S. Tvs Motor Company Ltd
High Court
03 Jan 2025 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
The Commissioner Of Income Tax-I,Chennai v. M/S. Tvs Motor Company Ltd
Date of order
03 Jan 2025
Assessment year(s)
2005-06
Outcome
Dismissed
Case summary
In The Commissioner Of Income Tax-I,Chennai v. M/S. Tvs Motor Company Ltd, the High Court (2025) 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Decision: Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the questions of law open to be decided in an appropriate matter.
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.329 of 2011
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 03.01.2025
CORAM :
THE HONOURABLE DR.JUSTICEANITA SUMANTH
andTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No.329 of 2011
The Commissioner of Income Tax-I,Chennai... Appellant
vs
M/s. TVS Motor Company Ltd,No.29, Haddows Road,Chennai – 600 006. .. Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961
against order of the Income Tax Appellate Tribunal, Chennai 'C' Bench, dated 21.12.2010 in ITA No.757/Mds/2009 assessment year 2005-06.
For Appellant :Mr.J.NarayanaswamySenior Standing Counsel
For Respondent:Mr.R.Venkata Narayananfor M/s. Subbaraya AiyarPadmanabhan
DR. ANITA SUMANTH.,J.
and
G. 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 relating to assessment year 2005 – 06 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the questions of law open to be decided in an appropriate matter. No costs.
Index:Yes/NoSpeaking OrderNeutral Citation:Yessl
[A.S.M., J] [G.A.M., J] 03.01.2025
T.C.A.No.329 of 2011
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