The Principal Commissioner Of Income Tax-1Chennai v. Diab Core Materials Pvt. Limitedfirst Floor

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 17.06.2025 CORAM : THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE SUNDER MOHAN TCA No.293 of 2022 The Principal Commissioner of Income Tax-1Chennai Appellant Vs DIAB Core Materials Pvt. LimitedFirst Floor, No.1A, Urmila House, No.15, A.R.K.Colony, Eldams Road, Alwarpet, Chennai- 600018. PAN Respondent Prayer: Appeal filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal “D” Bench, Chennai, dated 18.05.2022 in ITA No.2176/Chny/2017. For Appellant:Mr.T.Ravi Kumar For Respondent(s): Mr.R.Venkatanarayanan for M/s.Subbaraya Aiyar Padmanaban __________ Page 1 of 4 JUDGMENT (Delivered by the Hon'ble Chief Justice) Mr.Ravikumar 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 Appeal stands dismissed as withdrawn.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.) 17.06.2025 Index : Neutral Citationsasi Yes/No:Yes/No __________ Page 2 of 4 To: 1. The Assistant Registrar Income Tax Appellate Tribunal Chennai. Income Tax Appellate Tribunal Chennai. 2. The Principal Commissioner of Income Tax-I Chennai Chennai 3. The Dy. Commissioner of Income Tax, Corporate Circle 1(1), Chennai. Corporate Circle 1(1), Chennai. __________ Page 3 of 4 __________ Page 4 of 4 TCA No.293 of 2022 THE HON'BLE CHIEF JUSTICE ANDSUNDER MOHAN,J. (sasi) TCA No.293 of 2022 17.06.2025