The Assistant Commissioner v. M/S Shriram Chits Tamilnadu

2025:MHC:2841 TCA Nos.270 & 271 of 2012

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 11-12-2025

CORAM

THE HON'BLE DR.JUSTICE ANITA SUMANTH AND THE HON'BLE MR.JUSTICE MUMMINENI SUDHEER KUMAR TCA Nos. 270 & 271 of 2012 The Assistant Commissioner Of Income Tax Chennai.

..Appellant(s) in both T.C.(A)s Vs M/s.Shriram Chits Tamilnadu Pvt.Ltd.

Greams Dugar, 4 th Floor, 149 Greams Road, Chennai - 600 006.

..Respondent(s) in both T.C.(A)s Common Prayer : Appeals filed under Section 260A of the Income-Tax Act, 1961 against the order of the Income Tax Appellate Tribunal Madras 'D' Bench, Chennai dated 30.03.2012 in ITA Nos.1660 & 1661 /Mds/2011. For Appellant(s):

Mr.J.Narayanaswamy Senior Standing Counsel For Respondent(s):

Mr.R.Sivaraman C O M M O N J U D G M E N T (Judgment of the Court was delivered by Dr.Anita Sumanth J.) Mr.J.Narayanaswamy, learned Senior Standing Counsel, appearing for the appellant / Department would submit that the Income-Tax Department does ________ https://www.mhc.tn.gov.in/judis

TCA Nos.270 & 271 of 2012 not wish to pursue these appeals qua assessment years 2003-04 (T.C.(A) No.270 of 2012) and 2006-07 (T.C.(A) No.271 of 2012) and seeks withdrawal of the same on account of low tax effect, per Circular bearing No.9 of 2024 dated 17.09.2024.

Dr.ANITA SUMANTH,J.

AND MUMMINENI SUDHEER KUMAR,J.

2. Recording the aforesaid submissions, these Tax Case (Appeals) are dismissed as withdrawn leaving the questions of law open to be decided in an appropriate matter. No costs.

(A.S.M.,J.) (M.S.K.,J.) sl 11-12-2025 Index: Yes/No Speaking order To The Income Tax Appellate Tribunal D Bench, Chennai. TCA Nos. 270 and 271 of 2012 ________ https://www.mhc.tn.gov.in/judis