The Pr. Commissioner Of Income Tax-1 v. M/S.Diab Core Materials Pvt. Limited

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 17.06.2025 CORAM :

THE HON'BLE MR.K.R.SHRIRAM, CHIEF JUSTICE AND THE HON'BLE MR.JUSTICE SUNDER MOHAN The Principal Commissioner of Income Tax-1 Chennai Appellant Vs DIAB Core Materials Pvt. Limited First Floor, No.1A, Urmila House, No.15, A.R.K.Colony, Eldams Road, Alwarpet, Chennai- 600018.

PAN AACCD6441K Respondent Prayer: Appeal filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal "D" Bench, Chennai, dated 18.05.2022 in ITA No.2176/Chny/2017.

For Appellant:

Mr.T.Ravi Kumar For Respondent(s): Mr.R.Venkatanarayanan for M/s.Subbaraya Aiyar Padmanaban

JUDGMENT

(Delivered by the Hon'ble Chief Justice) Mr.Ravikumar states that the monetary limit involved in this appeal is below the monetary limit prescribed in Circular No.09/2024, dated 17.09.2024, issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, Government of India. Counsel says that he has instructions, therefore, to withdraw the appeal.

2. Counsel also states that the withdrawal is only due to the monetary limit and without conceding the stand of the Department. Appeal stands dismissed as withdrawn. There shall be no order as to costs.

(K.R.SHRIRAM, CJ.) (SUNDER MOHAN, J.) 17.06.2025 Index :

Yes/No :

Yes/No sasi

To:

1. The Assistant Registrar Income Tax Appellate Tribunal Chennai.

2. The Principal Commissioner of Income Tax-I Chennai

3. The Dy. Commissioner of Income Tax, Corporate Circle 1(1), Chennai.

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

(sasi) 17.06.2025