The Principal Commissioner Of Income Tax - 1Chennai v. M/S.aban Offshore Limitedno
High Court
04 Dec 2024 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
The Principal Commissioner Of Income Tax - 1Chennai v. M/S.aban Offshore Limitedno
Date of order
04 Dec 2024
Assessment year(s)
2018-19
Outcome
Dismissed
Case summary
In The Principal Commissioner Of Income Tax - 1Chennai v. M/S.aban Offshore Limitedno, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.
Decision: Recording the aforesaid submission, the tax case appeal is dismissed as withdrawn leaving the questions of law open to be decided in an appropriate matter.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
The order — as passed by the High Court
T.C.(Appeal) No.302 of 2024
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 04.12.2024
CORAM :
THE HONOURABLE DR.JUSTICEANITA SUMANTH
andTHE HONOURABLE MR.JUSTICE G. ARUL MURUGAN
T.C.(Appeal) No. 302 of 2024
The Principal Commissioner of Income Tax - 1Chennai
.. Appellant
vs
M/s.Aban Offshore LimitedNo.113, Janpriya Crest, Pantheon RoadEgmore, Chennai – 600 008.PAN: AAACA-3012-H
.. Respondent
Prayer: Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras 'D' Bench, dated 08.11.2023 in IT(TP) No.40/Chny/2022 for Assessment Year 2018-19.
For Appellant::Mr.Avinash Krishnan RaviJunior Standing Counsel
DR. ANITA SUMANTH.,J.
and
G. ARUL MURUGAN.,J.
JUDGMENT
(Delivered by Dr. ANITA SUMANTH.,J)
Mr.Avinash Krishnan Ravi, learned Junior Standing Counsel appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue the appeal relating to assessment year 2018-19 and seeks 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 Recording the aforesaid submission, the tax case appeal is dismissed as withdrawn leaving the questions of law open to be decided in an appropriate matter. No costs.
[A.S.M., J] [G.A.M., J]04.12.2024
slIndex:Yes/NoNeutral Citation:YesSpeaking order
T.C.(A) No.302 of 2024
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