The Commissioner Of Income Tax,Chennai v. M/S.ambur Economic Development Organisation
High Court
15 Oct 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
The Commissioner Of Income Tax,Chennai v. M/S.ambur Economic Development Organisation
Date of order
15 Oct 2024
Assessment year(s)
2006-2007
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax,Chennai v. M/S.ambur Economic Development Organisation, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Decision: Recording the aforesaid submission, the tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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. 47 of 2014
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 29.10.2024
CORAM :
THE HONOURABLE DR.JUSTICEANITA SUMANTHand
THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.A.No. 47 of 2014
The Commissioner of Income Tax,Chennai. .. Appellant
vs
M/s.Ambur Economic Development Organisation, No.43, Raja Muthiah Road,Periamet, Chennai 600 003. .. Respondent
Prayer in T.C.A.No. 47 of 2014 : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras B Bench, dated 08.08.2013 in ITA No. 1301/Mds/2013.
For Appellant::Ms.V. PushpaSenior Standing Counsel
For Respondent::Mr.G. Ashokapathy forM/s. Pass Associates
DR. ANITA SUMANTH.,J.
T.C.A. No. 47 of 2014
and
G. ARUL MURUGAN.,J.
JUDGMENT
(Delivered by Dr. ANITA SUMANTH.,J)
This matter has been listed under the caption 'For Being Mentioned'.
2.Judgment dated 15.10.2024 is recalled and separate orders in each appeal are passed as specifically sought.
3.Ms.V. Pushpa, learned Senior Standing Counsel, appearing for the appellant / Department would submit that the Income-Tax Department does not wish to pursue the appeal relating to assessment year 2006-2007 and seeks withdrawal of the same on account of the low tax effect per Circular bearing No.5/2024 dated 15.03.2024.
4. Recording the aforesaid submission, the tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter. No costs.
[A.S.M., J] [G.A.M., J] 29.10.2024
slIndex:Yes/NoNeutral Citation:Yesspeaking order
T.C.A.No. 47 of 2014
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