TCA No. 56 of 2010 __________ Page1 of 3 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 22-04-2026 CORAM: THE HON'BLE Dr.JUSTICE G. JAYACHANDRAN AND THE HON'BLE MR.JUSTICE SHAMIM AHMED TCA No. 56 of 2010 --- Commissioner Of Income Tax-III, Chennai .. Appellant Vs. M/s Sriram Chits Tamil Nadu P Ltd., “Greams Dugar” 4th and 5th Floors, No.149 Greams Road, Chennai-600 006 … Respondent Tax Case Appeal filed under Section 260-A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal, Chennai-”D” Bench, dated 26.06.2009 in I.A.No.2116/Mds/2008, Assessment Year 2002-03. For Appellant(s): Mr.J.Narayanaswamy, Senior Standing Counsel For Respondent(s): Mr.R.Sivaraman JUDGMENT (Judgment of the Court was delivered by Dr.G.Jayachandran, J.) This appeal is filed by the Revenue challenging the order of the Income Tax Appellate Tribunal, confirming the deletion of the penalty https://www.mhc.tn.gov.in/judis TCA No. 56 of 2010 __________ Page2 of 3 under Section 271(1)(c) of the Income Tax Act, at Rs.53,39,599/- by the assessing officer. 2. Since the disputed tax is below Rs.2 crores covered under the low tax liability, in the light of the CBDT Circular No.9 of 2024, dated 17.09.2024, this appeal filed by the Revenue, stands dismissed as withdrawn. There shall be no order as to costs. (G.J.,J.) (S.S.A.,J.) 22-04-2026 cs To The Commissioner Of Income Tax-III, Chennai https://www.mhc.tn.gov.in/judis TCA No. 56 of 2010 __________ Page3 of 3 Dr.G.JAYACHANDRAN, J and SHAMIM AHMED, J cs TCA No. 56 of 2010 22-04-2026 https://www.mhc.tn.gov.in/judis