The Principal Commissioner Of Income Tax Chennai v. M/S.cholamandalam Financial Holdings Limited(Formerly Known As Ti Financial Holdings Ltd.)“Dare House”
High Court
03 Jul 2025 In favour of: Assessee
Forum / Bench
High Court · hc_cis_mas
Parties
The Principal Commissioner Of Income Tax Chennai v. M/S.cholamandalam Financial Holdings Limited(Formerly Known As Ti Financial Holdings Ltd.)“Dare House”
Date of order
03 Jul 2025
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Principal Commissioner Of Income Tax Chennai v. M/S.cholamandalam Financial Holdings Limited(Formerly Known As Ti Financial Holdings Ltd.)“Dare House”, 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Decision: Appeal stands dismissed as withdrawn.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
T.C.A.No.295 of 2023
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 03.07.2025
CORAM :
THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE
AND
THE HON'BLE MR.JUSTICE SUNDER MOHAN
T.C.A.No.295 of 2023
The Principal Commissioner of Income Tax Chennai...Appellant
Vs.
M/s.Cholamandalam Financial Holdings Limited(formerly known as TI Financial Holdings Ltd.)“Dare House”, No.234, NSC Bose RoadChennai 600 001PAN: AAACT1249H..Respondent
Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against the order dated 24.06.2022 passed in ITA No.2659/CHNY/2019 on the file of the Income Tax Appellate Tribunal, Madras 'A' Bench, Chennai.
For Appellant:Mrs.V.Pushpa Senior Standing Counsel
For Respondent
:Mr.R.Venkat NarayananFor M/s. Subbaraya AiyarPadmanabhan & 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 Appeal stands dismissed as withdrawn.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
Index : Yes/NoNeutral Citation:Yes/No
__________
Page 2 of 4
To
1. The Assistant Registrar Income Tax Appellate Tribunal Chennai Benches, Chennai. Income Tax Appellate Tribunal Chennai Benches, Chennai.
2. The Commissioner of Income Tax (Appeals) Chennai. Chennai.
3. The Deputy Commissioner of Income Tax Large Taxpayer Unit Chennai. Large Taxpayer Unit Chennai.
__________
Page 3 of 4
__________Page 4 of 4
T.C.A.No.295 of 2023
THE HON'BLE CHIEF JUSTICEAND SUNDER MOHAN,J.
(kpl)
T.C.A.No.295 of 2023
03.07.2025
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue