Commissioner Of Income Tax Iii v. M/S Sriram Chits & Investments

2024:MHC:3716 T.C.A.No.561 of 2010

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 04.11.2024 CORAM :

THE HONOURABLE DR.JUSTICE ANITA SUMANTH and THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.No.561 of 2010 Commissioner of Income Tax III Chennai.

.. Appellant vs M/s.Sriram Chits & Investments P Ltd., (Now known as Sriram Financial Services Holdings P Ltd) 149, Greams Road, Chennai - 600 006.

.. Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Chennai D Bench, dated 26.06.2009 in ITA 436/Mds/2008 assessment year 2001 - 02. For Appellant :

Mr.J.Narayanaswamy Senior Standing Counsel For Respondent :

Mr.R.Sivaraman https://www.mhc.tn.gov.in/judis 1/2

T.C.A.No.561 of 2010 DR. ANITA SUMANTH.,J.

and G. ARUL MURUGAN.,J.

JUDGMENT

(Delivered by Dr. ANITA SUMANTH.,J) Mr.J.Narayanasamy, learned Senior Standing Counsel, appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue this appeal qua assessment year 2001-2002 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter. No costs.

[A.S.M., J] [G.A.M., J] 04.11.2024 Index:Yes/No ssm T.C.A.No.561 of 2010 https://www.mhc.tn.gov.in/judis 2/2