TCA No.220 of 2024 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 28.08.2025 CORAM : THE HONOURABLE MR. MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICE AND THE HONOURABLE MR.JUSTICE SUNDER MOHAN TCA No.220 of 2024 and CMP No.21741 of 2024 The Principal Commissioner of Income Tax, Corporate Circle 2(2), Chennai-600 034. Appellant Vs IL & FS Tamil Nadu Power Company Ltd., New No.2, (Old No.21) 4th Floor, KPR Tower, 1st Street, Subba Rao Avenue, College Road, Chennai-600 006 Respondent PRAYER : Appeal filed under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal A Bench Chennai, in ITA No.1990/Chny/2019, dated 3.8.2022. ______________ https://www.mhc.tn.gov.in/judis TCA No.220 of 2024 For Appellant: Mr.S.Abubacker Sidhic for Mr.T.Ravikumar Sr. Standing Counsel For Respondent: M/s.Tushar Jarwal Rahul Sateeja Joseph Prabakar JUDGMENT (Delivered by the Hon'ble Chief Justice) Heard learned counsel for the appellant/Revenue and learned counsel for the respondent/assessee. 2. At the outset, learned counsel for the Revenue fairly submits that it is a case having low tax effect. Therefore, in view of the Circular No.05/2024 dated 15.03.2024, and 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, the appellant/Revenue does not wish to proceed with the matter, though the question of law may be kept open for consideration in the appropriate matter. 3. In that view of the matter, the appeal stands dismissed. ______________ https://www.mhc.tn.gov.in/judis TCA No.220 of 2024 There shall be no order as to costs. Consequently, interim application stands closed. (MANINDRA MOHAN SHRIVASTAVA, CJ) (SUNDER MOHAN,J) 28.08.2025 Index : Yes/No Neutral Citation : Yes/No sasi To: 1. The Assistant Registrar Income Tax Appellate Tribunal Chennai. 2. The Commissioner of Income Tax (Appeals)-5, Chennai-600 034. 3. The Deputy Commissioner of Income Tax Corporate Circle-2(2) Chennai. ______________ https://www.mhc.tn.gov.in/judis TCA No.220 of 2024 THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN,J. (sasi) TCA No.220 of 2024 28.08.2025 ______________ https://www.mhc.tn.gov.in/judis