T.C.A.No.89 of 2021 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 16.12.2025 CORAM : THE HONOURABLE MR. MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICE AND THE HONOURABLE MR.JUSTICE G.ARUL MURUGAN T.C.A.No.89 of 2021 The Principal Commissioner Of Income Tax Corporate Ward 2(2) Chennai 34. Appellant(s) Vs M/s.Four M Maritime Pvt., Ltd. No.4, Buhari Towers, Moores Road Egmore Chennai 31. PAN AAACF6163E Respondent(s) Prayer : Appeal filed under Section 260A of the Income Tax Act, 1961, against the order of the Income Tax Appellate Tribunal, Madras C Bench dated 31.07.2018 in ITA No.207/Chny/2018. For Appellant(s): Mr.T.Ravi Kumar Senior Standing Counsel For Respondent(s): Mr.G.Baskar __________ p. 2 T.C.A.No.89 of 2021 JUDGMENT (Judgment of the Court was delivered by the Hon'ble Chief Justice) Heard learned counsel for the appellant/Revenue and learned counsel for the respondent. 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. There shall be no order as to costs. (MANINDRA MOHAN SHRIVASTAVA, CJ) (G.ARUL MURUGAN,J) 16.12.2025 kpl __________ p. 3 T.C.A.No.89 of 2021 THE HON'BLE CHIEF JUSTICE AND G.ARUL MURUGAN,J. (kpl) T.C.A.No.89 of 2021 16.12.2025 __________