Madras High Court
TCA/853/2016 of PRINCIPAL COMMISSIONER OF Vs M/S. ISC INVESTMENT & FINANCE on 13 October 2026
2026:MHC:4224
TCA No. 853 of 2016
__________
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 13-10-2026
CORAM
THE HON'BLE DR.JUSTICE ANITA SUMANTH
AND
THE HON'BLE MR.JUSTICE K.RAJASEKAR
TCA No. 853 of 2016
CNR:{HCMA010980602016}
Principal Commissioner of
Income Tax 2,
No. 121, Mahatma Gandhi Road,
Chennai 600 034.
..Appellant(s)
Vs
M/s. ISC Investment & Finance
Pvt. Ltd.,
5 Mezzanine Floor, Thapar House,
37, Montieth Road,
Egmore, Chennai 600 008.
..Respondent(s)
Appeal filed under Section 260-A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal Madras ‘B’ Bench Dated 22nd June 2016 in ITA No. 1826/Mds/2015 for assessment year 2006 – 07.
For Appellant(s):
Mr. T.Banusekar
and Mr.R.Sivaraman
For Respondent(s):
Mr.T.Ravikumar
Senior Standing Counsel
( Uploaded on: 15/10/2026 01:01:40 pm )
2026:MHC:4224
TCA No. 853 of 2016
__________
DR.ANITA SUMANTH, J.
AND
K.RAJASEKAR, J.
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Judgment
(Delivered by Dr.Anita Sumanth, J.) Mr.T.Ravikumar, learned Senior Standing Counsel, appearing for the appellant / Department would submit that the Income-Tax Department does not wish to pursue this appeal qua assessment year 2006 – 07 and seeks withdrawal of the same on account of low tax effect, per Circular bearing No.9 of 2024 dated 17.09.2024.
2. Recording the aforesaid submissions, this Tax Case (Appeal) is dismissed as withdrawn leaving the questions of law open to be decided in an appropriate matter. No costs. (A.S.M.,J.) (K.R.S.,J.) 13-10-2026 Index: Yes/No Speaking order Neutral Citation: Yes ssm To
1. The Principal Commissioner of Income Tax 2, No. 121, Mahatma Gandhi Road, Chennai 600 034.
2. The Income Tax Appellate Tribunal Madras ‘B’ Bench, Chennai
( Uploaded on: 15/10/2026 01:01:40 pm )