Commissioner Of Income Tax v. M/S Annapoorana Finance Corpn

2024:MHC:3758 T.C.A.No.556 of 2011

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.556 of 2011 Commissioner of Income Tax Central III Chennai.

.. Appellant vs M/s.Annapoorana Finance Corporation 5/315 Junction Main Road, Salem .. Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Chennai 'A' Bench, Block Assessment Period : 01.04.1997 to 22.04.2003 dated 31.03.2009 in IT (SS) A.No.0072/Mds/2007.

For Appellant :

Mr.Karthik Ranganathan Senior Standing Counsel For Respondent :

Mr.T.Vasudevan https://www.mhc.tn.gov.in/judis 1/2

T.C.A.No.556 of 2011 DR. ANITA SUMANTH.,J.

and G. ARUL MURUGAN.,J.

JUDGMENT

(Delivered by Dr. ANITA SUMANTH.,J) Mr.Karthik Ranganathan, learned Senior Standing Counsel, appearing for the appellant/Department would submit that the IncomeTax Department does not wish to pursue this appeal qua block assessment period 01.04.1997 to 22.04.2003 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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.556 of 2011 https://www.mhc.tn.gov.in/judis 2/2