Commissioner Of Income Tax It 4 v. Channel V Music Networks Ltd

412-ITXA-226-2024.DOCX by PALLAVI MAHENDRA WARGAONKAR Date:

2025.10.21 14:15:09 +0530 PALLAVI MAHENDRA WARGAONKAR Pallavi

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL(IT) NO. 226 OF 2024 Commissioner Of Income Tax It 4 ...Appellant

Versus

Channel V Music Networks Ltd

...Respondent

______________________________________________________ Mr. Subir Kumar for the Appellant.

Mr. Divesh Chawla i/by Atul K. Jasani for the Respondent. ______________________________________________________ CORAM : M.S. Sonak & Advait M. Sethna, JJ.

DATED : 16 October 2025 P.C.:- 1.

Mr Subir Kumar, the learned counsel for the Appellant seeks leave to withdraw both these Appeals on the ground of low tax effect.

2.

Accordingly, we grant leave and dispose of both these Appeals as withdrawn by leaving the questions of law raised therein open.

3.

If in future, the Appellants realises that the Tax effect was greater than Rs.2 Crores or that the Appeal falls within any of the excepted categories, they shall have the liberty to apply for revival/restoration. This is provided such application is made within a reasonable period i.e. on or before 31 January 2026.

412-ITXA-226-2024.DOCX 4.

The Appellant shall be entitled to refund of Court fees in accordance with the Rules.

(Advait M. Sethna, J) (M.S. Sonak, J.)