Case Law β€Ί High Court β€Ί The Commissioner Of Income Taxchennai v....

The Commissioner Of Income Taxchennai v. Shri Suresh Chand Bafna22, Mulla Sahib Street,Chennai – 600 079

High Court 22 Nov 2024 In favour of: Assessee
Forum / Bench
High Court Β· hc_cis_mas
Parties
The Commissioner Of Income Taxchennai v. Shri Suresh Chand Bafna22, Mulla Sahib Street,Chennai – 600 079
Date of order
22 Nov 2024
Assessment year(s)
β€”
Outcome
Dismissed

Case summary

In The Commissioner Of Income Taxchennai v. Shri Suresh Chand Bafna22, Mulla Sahib Street,Chennai – 600 079, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Decision: Recording the aforesaid submission, these tax case appeals are dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.

Summary auto-generated from the order below β€” read the full judgment for the complete reasoning.

Sections referenced in this judgment

The order β€” as passed by the High Court

T.C.A.Nos.718 & 719 of 2010 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 22.11.2024 CORAM : THE HONOURABLE DR.JUSTICEANITA SUMANTHandTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.Nos. 718 & 719 of 2010 The Commissioner of Income TaxChennai. vs .. Appellantin all TCAs Shri Suresh Chand Bafna22, Mulla Sahib Street,Chennai – 600 079. .. Respondentin all TCAs Prayer in TCA No.718 of 2010 : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras 'B' Bench, dated 15.10.2008 in IT(SS) A No.65/Mds/2007. Prayer in TCA No.719 of 2010 : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras 'B' Bench, dated 15.10.2008 in C.O.No.52/Mds/2007 in IT(SS) A No.65/Mds/2007. For Appellant :Mr.Karthik RanganathanSenior Standing Counsel(in both TCAs) For Respondent :Mr.Lokeshfor Mr.R.Sivaraman(in both TCAs) DR. ANITA SUMANTH.,J.andG. ARUL MURUGAN.,J. COMMON JUDGMENT(Delivered by Dr. ANITA SUMANTH.,J) Mr.Karthik Ranganathan, learned Senior Standing Counsel, appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue these appeals qua block assessment period between 1.4.1996 to 27.3.2003 and seek 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 Recording the aforesaid submission, these tax case appeals are dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter. No costs. Index:Yes/NoNeutral Citation:Yesssm [A.S.M., J] [G.A.M., J] 22.11.2024 T.C.A.Nos. 718 & 719 of 2010
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