Commissioner Of India v. M/S.Tamilnadu Real Estate

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 10.07.2025 CORAM :

THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE SUNDER MOHAN Commissioner of Income Tax Corporate Circle 3(1) Appellant in Chennai.

..

all TCAs.

Vs.

M/s. Tamil Nadu Real Estate Private Limited No.123/124, Nungambakkam High Road Isphani Centre Chennai 600 034.

Respondent in PAN: AABCT5912E ..

all TCAs.

Prayer : Appeals under Section 27A of the Wealth Tax Act, 1961 against the common order dated 29.08.2017 passed in WTA Nos.23 to 25/Mds/2017 on the file of the Income Tax Appellate Tribunal 'D' Bench, Chennai. For Appellant :

Mr.J.Narayanasamy For Respondent :

Mrs.G.Vardini Karthik

JUDGMENT

(Judgment of the Court was delivered by the Hon'ble Chief Justice) All these appeals relate to wealth tax.

2. Circular No.5 of 2019 issued on 05.02.2019 provides that the Circular will come into effect from the date of issuance of the Circular. By the said Circular, the monetary limit prescribed in Circular No.3 of 2018 dated 11.07.2018 was extended to wealth tax appeals also. Since this Circular has not been superseded by any other Circular, we would agree with Ms.Pushpa that the present appeals must be dismissed as withdrawn being below the tax effect.

3. Appeals are dismissed as withdrawn. There shall be no order as to costs.

(K.R.SHRIRAM, CJ) (SUNDER MOHAN,J.) 10.07.2025 Index :

Yes/No :

Yes/No

kpl To

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

2. The Commissioner of Wealth Tax (Appeals) -11 Chennai.

3. The Assistant Commissioner of Wealth Tax Corporate Circle 3(1) Chennai.

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

(kpl) 10.07.2025