The Principal Commissioner Of Incom Tax-I v. Shri Rakesh Sarin

2024:MHC:3930 T.C.(A)No.282 of 2024

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.282 of 2024 The Pr. Commissioner of Income Tax - 1, Chennai.

.... Appellant vs Shri Rakesh Sarin .... Respondent Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961 against order dated 24.04.2023 made in I.T.A.No.730/Chny/2020 in respect of assessment year 2016-17.

For Appellant :

Mr.T.Ravikumar Senior Standing Counsel For Respondent :

Mr.Ravi Kannan https://www.mhc.tn.gov.in/judis 1/2

T.C.(A)No.282 of 2024 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 2016-17 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 Recording the aforesaid submission, this tax case appeal is dismissed as withdrawn leaving the question of law open to be decided in an appropriate matter.

[A.S.M., J] [G.A.M., J] sl 25.11.2024 Index:Yes/No Speaking order T.C.(A)No.282 of 2024 https://www.mhc.tn.gov.in/judis 2/2