The Principal Commissioner Of Income Tax - 1Chennai v. M/S. Rane Brake Lining Ltd

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 03.07.2025 CORAM : THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE ANDTHE HON'BLE MR.JUSTICE SUNDER MOHAN T.C.A.No.288 of 2022 The Principal Commissioner of Income Tax - 1Chennai...Appellant Vs. M/s. Rane Brake Lining Ltd.No.132, Cathedral RoadGopalapuram, Chennai 600 086PAN: AADCR7688H ..Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against the order dated 25.02.2022 passed in ITA No.2834/CHNY/2019 on the file of the Income Tax Appellate Tribunal, 'C' Bench, Chennai. For Appellant :Mrs.V.Pushpa Senior Standing Counsel For Respondent :Mr.R.Venkat NarayananFor M/s. Subbaraya Aiyar,Padmanabhan, Ramamani __________ Page 1 of 4 JUDGMENT(Judgment of the Court was delivered by the Hon'ble Chief Justice) Ms.Pushpa states that the monetary limit involved in this appeal is below the monetary limit prescribed in 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. Counsel says that she 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. 3. Appeal stands dismissed as withdrawn. There shall be no order as to costs. (K.R.SHRIRAM, CJ) (SUNDER MOHAN,J.) 03.07.2025 __________ Page 2 of 4 Index : Yes/NoNeutral Citation:Yes/Nokpl To 1. The Assistant Registrar Income Tax Appellate Tribunal Chennai Benches, Chennai. Chennai Benches, Chennai. 2. The Commissioner of Income Tax (Appeals) Chennai. Chennai. 3. The Deputy Commissioner of Income Tax LTU-2 Chennai. Chennai. __________ Page 3 of 4 __________Page 4 of 4 T.C.A.No.288 of 2022 THE HON'BLE CHIEF JUSTICEAND SUNDER MOHAN,J.(kpl) T.C.A.No.288 of 2022 03.07.2025