The Commissioner Of Income Taxchennai v. Shri.s.krishnan

TCA No.1083 of 2015 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 07.08.2025 CORAM THE HON'BLE MR.MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICEAND THE HON'BLE MR.JUSTICE SUNDER MOHAN TCA No.1083 of 2015 The Commissioner of Income TaxChennai.. Appellant -vs- Shri.S.Krishnan.. Respondent Appeal filed under Section 260A of the Income Tax Act, 1961, against the order dated 15.05.2015 passed in ITA No.2075/Mds/2014 on the file of the Income Tax Appellate Tribunal, “D” Bench, Chennai for the Assessment Year 2006-07. For Appellant: Mr.RajasekarFor Respondent : Mr.N.S.Amogh Simha JUDGMENT (Judgment of the Court was made by the Chief Justice) Heard learned counsel for the appellant/Revenue. Mr.N.S.Amogh Simha appears for the respondent/Assessee. Page 1 of 3 TCA No.1083 of 2015 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 proposed may be kept open for consideration in appropriate case. 3. Placing on record such submission, the appeal stands dismissed. There shall be no order as to costs. (MANINDRA MOHAN SHRIVASTAVA, CJ.) (SUNDER MOHAN, J.) 07.08.2025 Index: Yes/NoNeutral Citation: Yes/No ss To 1. The Income Tax Appellate Tribunal 'D' Bench, Chennai 'D' Bench, Chennai 2. The Commissioner of Income Tax Chennai Chennai Page 2 of 3 Page 3 of 3 TCA No.1083 of 2015THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN, J. ss TCA No.1083 of 2015 07.08.2025