The Principal Commissioner Of Income Tax-4Chennai v. M/S. Pvp Ventures Ltd.9[Th] Floor, Krm Centre, Chetpetchennai 600 031Pan: Aaacs3101P
High Court
03 Jul 2025 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
The Principal Commissioner Of Income Tax-4Chennai v. M/S. Pvp Ventures Ltd.9[Th] Floor, Krm Centre, Chetpetchennai 600 031Pan: Aaacs3101P
Date of order
03 Jul 2025
Assessment year(s)
—
Outcome
Dismissed
Case summary
In The Principal Commissioner Of Income Tax-4Chennai v. M/S. Pvp Ventures Ltd.9[Th] Floor, Krm Centre, Chetpetchennai 600 031Pan: Aaacs3101P, the High Court (2025) dismissed the appeal under Section 260A of the Income-tax Act. The decision went in favour of the assessee.
Decision: Appeal stands dismissed as withdrawn.
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.A.No.148 of 2023
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.148 of 2023
The Principal Commissioner of Income Tax-4Chennai...
Appellant
Vs.
M/s. PVP Ventures Ltd.9[th] Floor, KRM Centre, ChetpetChennai 600 031PAN: AAACS3101P..Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against the order dated 08.06.2022 passed in ITA No.778/CHNY/2019 on the file of the Income Tax Appellate Tribunal, Madras 'A' Bench, Chennai.
For Appellant
:Ms.V.Pushpa
For Respondent
:Mr.R.Sivaraman
__________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 Appeal stands dismissed as withdrawn.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
Index : Yes/NoNeutral Citation:Yes/Nokpl
__________
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) Chennai. Chennai.
3. The Deputy Commissioner of Income tax
Corporate Circle -5(2)
Chennai.
__________
Page 3 of 4
__________Page 4 of 4
T.C.A.No.148 of 2023
THE HON'BLE CHIEF JUSTICEAND SUNDER MOHAN,J.(kpl)
T.C.A.No.148 of 2023
03.07.2025
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