Principal Commissioner v. M/S.India Pistons Ltd.

2024:MHC:3954 T.C.A.No.687 of 2016

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 25.11.2024 CORAM :

THE HONOURABLE DR.JUSTICE ANITA SUMANTH and THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.No.687 of 2016 Principal Commissioner of Income-Tax - 2, 121, Mahatma Gandhi Road, Chennai .. Appellant vs M/s. India Pistons Ltd., Huzur Gardens, Sembium, Chennai - 600 011.

PAN : AAA CI 1439 E .. Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras 'B' Bench, dated 06.11.2015 in ITA No.496/Mds/2014.

For Appellant :

Mr.T.Ravikumar Senior Standing Counsel For Respondent :

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

T.C.A.No.687 of 2016 DR. ANITA SUMANTH.,J.

and G. ARUL MURUGAN.,J.

JUDGMENT

(Delivered by Dr. ANITA SUMANTH.,J) Mr.T.Ravikumar, 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 1997 - 98 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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] 25.11.2024 Index:Yes/No ssm T.C.A.No.687 of 2016 https://www.mhc.tn.gov.in/judis 2/2