TCA.No.307 of 2022 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. 307 of 2022 The Principal Commissioner of Income Tax-I Chennai. Appellant(s) Vs A.P.Sridhar (HUF) Newry Shobika, Flat No.2, 1st Floor, New No.3, Chimmaiah Pillai Street, T. Nagar, Chennai - 600 017. Respondent(s) PRAYER : Appeal filed under Section 260A of the Income Tax Act against the order of Income Tax Appellate Tribunal, Madras A Bench, Chennai dated 23.02.2022 passed in I.T.A.No. 2735/Chny/2016. ______________ https://www.mhc.tn.gov.in/judis TCA.No.307 of 2022 For Appellant(s): Mr.T.Ravi Kumar For Respondent(s): Mr.S.Sridhar 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. ______________ https://www.mhc.tn.gov.in/judis TCA.No.307 of 2022 3. In that view of the matter, the appeal stands dismissed. There shall be no order as to costs. (MANINDRA MOHAN SHRIVASTAVA, CJ) (SUNDER MOHAN,J) 28.08.2025 Index : Yes/No Neutral Citation : Yes/No sasi To: 1. The Registrar Income Tax Appellate Tribunals Chennai. 2. The Deputy Commissioner of Income Tax Business Circle-II, Chennai. 3. The Commissioner of Income Tax (Appeals)-2 Chennai. ______________ https://www.mhc.tn.gov.in/judis TCA.No.307 of 2022 THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN,J. (sasi) TCA No. 307 of 2022 28.08.2025 ______________ https://www.mhc.tn.gov.in/judis