Assistant Commisisoner Of Income Tax v. M/S. Wheels India Ltd

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 The Assistant Commissioner of Income Tax Large Taxpayer Unit 2 Chennai 600 034.

..

Appellant Vs.

M/s. Wheels India Ltd.

No.21, Pattulos Road, Padi Chennai 600 002.

PAN: AAACW0315K ..

Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against the order dated 07.09.2022 passed in ITA No.2700/CHNY/2019 on the file of the Income Tax Appellate Tribunal 'B' Bench, Chennai. For Appellant Mrs.V.Pushpa Senior Standing Counsel For Respondent Mr.R.Venkat Narayanan For M/s. Subbaraya Aiyar, Padmanabhan & Ramamani

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 Appeal stands dismissed as withdrawn.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/No

Yes/No kpl To

1. The Assistant Registrar Income Tax Appellate Tribunal Chennai Benches, Chennai.

2. The Commissioner of Income Tax (Appeals)-17 Large Taxpayer Unit Chennai.

3. The Deputy Commissioner of Income Tax LTU-1 Chennai.

THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN ,J.

(kpl) 03.07.2025