Case Law › High Court › The Principal Commissioner Of Income Tax...

The Principal Commissioner Of Income Tax,Corporate Circle 2(2),Chennai-600 034 v. Il & Fs Tamil Nadu Power Company Ltd

High Court 28 Aug 2025 In favour of: Assessee

Forum / Bench

High Court · hc_cis_mas

Parties

Date of order

28 Aug 2025

Assessment year(s)

—

Outcome

Dismissed

Case summary

In The Principal Commissioner Of Income Tax,Corporate Circle 2(2),Chennai-600 034 v. Il & Fs Tamil Nadu Power Company Ltd, the High Court (2025) dismissed the appeal. The decision went in favour of the assessee.

Decision: In that view of the matter, the appeal stands dismissed. ______________ Page 2 of 4 There shall be no order as to costs.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

Sections referenced in this judgment

Section 260A case law →

The order — as passed by the High Court

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 28.08.2025 CORAM : THE HONOURABLE MR. MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICEAND THE HONOURABLE MR.JUSTICE SUNDER MOHAN TCA No.220 of 2024 and CMP No.21741 of 2024 The Principal Commissioner of Income Tax,Corporate Circle 2(2),Chennai-600 034. Appellant Vs IL & FS Tamil Nadu Power Company Ltd., New No.2, (Old No.21) 4[th] Floor, KPR Tower, 1[st] Street, Subba Rao Avenue,College Road, Chennai-600 006 Respondent PRAYER: Appeal filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal A Bench Chennai, in ITA No.1990/Chny/2019, dated 3.8.2022. ______________ Page 1 of 4 JUDGMENT (Delivered by the Hon'ble Chief Justice) Heard learned counsel for the appellant/Revenue and learned counsel for the respondent/assessee. 2. At the outset, learned counsel for the Revenue fairly submits that it is a case having low tax effect. Therefore, in view of the 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, the appellant/Revenue does not wish to proceed with the matter, though the question of law may be kept open for consideration in the appropriate matter. 3. In that view of the matter, the appeal stands dismissed. ______________ Page 2 of 4 There shall be no order as to costs. Consequently, interim application stands closed. (MANINDRA MOHAN SHRIVASTAVA, CJ) (SUNDER MOHAN,J) 28.08.2025 Index: Yes/NoNeutral Citation:Yes/Nosasi To: 1. The Assistant Registrar Income Tax Appellate Tribunal Chennai. Chennai. 2. The Commissioner of Income Tax (Appeals)-5, Chennai-600 034. 3. The Deputy Commissioner of Income Tax Corporate Circle-2(2) Chennai. Chennai. ______________ Page 3 of 4 ______________ Page 4 of 4 TCA No.220 of 2024 THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN,J. (sasi) TCA No.220 of 2024 28.08.2025

Facing a similar income-tax issue?

Our CA-led litigation team handles notices, scrutiny, penalties and appeals (CIT(A) & ITAT) end-to-end.

✅ File an income-tax appeal (CIT(A)/ITAT) → 💬 Ask our CA

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.