The Commissioner Of Income Tax v. Nkcm Spinners Pvt. Ltd

TCA No.1123 of 2015 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 01.07.2025 CORAM : THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE SUNDER MOHAN TCA No.1123 of 2015 The Commissioner of Income Tax,No.63, Race Course Road,Coimbatore. Appellant Vs NKCM Spinners Pvt. Ltd,No.18, Alagiri Singh Street,Fort, Erode-638 001. Respondent Prayer: Appeal filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal “C” Bench, Chennai, dated 19.12.2014 in ITA No.1259/Mds/2013. For Appellant:Mr.Karthik RanganathanSenior Standing CounselFor Respondent:No appearance __________ Page 1 of 4 JUDGMENT (Delivered by the Hon'ble Chief Justice) Mr.Karthik Ranganathan states that the monetary limit involved in this appeal is below the monetary limit prescribed in 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. Counsel says that he has instructions, therefore, to withdraw the appeal. 2. Counsel also states that the withdrawal is only due to the monetary limit and without conceding the stand of the Department. Appeal stands dismissed as withdrawn. There shall be no order as to costs. (K.R.SHRIRAM, CJ.) (SUNDER MOHAN, J.) 01.07.2025 Index Neutral Citationsasi : Yes/No:Yes/No __________Page 2 of 4 To: 1. The Assistant Registrar Income Tax Appellate Tribunal Chennai Benches, Chennai. Chennai Benches, Chennai. 2. The Commissioner of Income Tax (Appeals)-1, Coimbatore. Coimbatore. 3. The Assistant Commissioner of Income-Tax Circle-1 Erode. Erode. __________ Page 3 of 4 __________ Page 4 of 4 TCA No.1123 of 2015 THE HON'BLE CHIEF JUSTICE ANDSUNDER MOHAN,J. (sasi) TCA No.1123 of 2015 01.07.2025