The Commissioner Of Income Tax v. The Karur Vysys Bank Ltd

2025:MHC:2065 T.C.A.Nos.664 and 666 of 2010

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 21.08.2025 CORAM :

THE HONOURABLE DR.JUSTICE ANITA SUMANTH and THE HONOURABLE MR.JUSTICE N.SENTHILKUMAR T.C.A.Nos.664 and 666 of 2010 Commissioner Of Income Tax Trichirapalli.

.. Appellant in both T.C.(A)s vs The Karur Vysya Bank Ltd., Central Office, Erode Road, Karur - 639 002.

.. Respondent in both T.C.(A)s Common Prayer: Appeals filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras, 'D' Bench, dated 14.07.2006 in ITA Nos.1135&1136/Mds/2003. For Appellant :

Mr.V.Mahalingam, Senior Standing Counsel For Respondent :

Mr.R.Venkatanarayanan for M/s.Subbaraya Aiyar Padmanabhan 1/2 https://www.mhc.tn.gov.in/judis

T.C.A.Nos.664 and 666 of 2010 DR. ANITA SUMANTH.,J.

and N.SENTHILKUMAR,J.

JUDGMENT

(Delivered by Dr. ANITA SUMANTH.,J) Mr.V.Mahalingam, learned Senior Standing Counsel, appearing for the appellant/Department would submit that the Income-Tax Department does not wish to pursue these appeals qua assessment periods 1992-93 (T.C.(A) No.664 of 2010) 1993-94 (T.C.(A) No.666 of 2010) and seek 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 Recording the aforesaid submission, these tax case appeals are dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter. No costs.

[A.S.M., J] [N.S.,J.] 21.08.2025 Index:Yes/No Speaking order sl T.C.A.Nos.664 & 666 of 2010 2/2 https://www.mhc.tn.gov.in/judis