The Commissioner Of Income Tax v. M/S.Visual Graphics

2024:MHC:3723 T.C.A. No. 862 of 2014

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 29.10.2024 CORAM :

THE HONOURABLE DR.JUSTICE ANITA SUMANTH and THE HONOURABLE MR.JUSTICE G. ARUL MURUGAN T.C.A.No. 862 of 2014 The Commissioner of Income Tax, Chennai.

.. Appellant vs M/s. Visual Graphics Computing Services (India) Pvt. Limited No. 4 & 5th Floor, Ascendas, International Tech Park, CSIR Road, Taramani, Chennai - 600 113 .. Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order of the Income Tax Appellate Tribunal, Madras D Bench, dated 17.04.2012 in ITA No. 2073/Mds/2011.

For Appellant ::

Ms.V. Pushpa Senior Standing Counsel For Respondent ::

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

T.C.A. No. 862 of 2014 DR. ANITA SUMANTH.,J.

and G. ARUL MURUGAN.,J.

JUDGMENT

(Delivered by Dr. ANITA SUMANTH.,J) This matter has been listed under the caption 'For Being Mentioned'. 2.

The judgment dated 15.10.2024 is recalled and separate orders in each appeal are passed as specifically sought. 3.

Ms.V. Pushpa, learned Senior Standing Counsel, appearing for the appellant / Department would submit that the Income-Tax Department does not wish to pursue the appeal relating to assessment year 2007-2008 and seeks withdrawal of the same on account of the low tax effect per Circular bearing No.5/2024 dated 15.03.2024.

4. Recording the aforesaid submission, the tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.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] sl 29.10.2024 Index:Yes/No Speaking order sl T.C.A.No. 862 of 2014 https://www.mhc.tn.gov.in/judis