Madras High Court
TCA/558/2015 of THE COMMISSIONER OF INCOME TAX Vs M/S KANISHK GOLD PVT LTD on 28 October 2026
TCA No. 558 of 2015
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 28-10-2026
CORAM
THE HON'BLE DR.JUSTICE ANITA SUMANTH
AND
THE HON'BLE MR.JUSTICE S.KARTHIKEYAN
TCA No. 558 of 2015
CNR:{HCMA010515382015}
The Commissioner Of Income Tax,
Chennai
..Appellant(s)
Vs
M/s Kanishk Gold Pvt Ltd
43, Usman Road, T.Nagar,
Chennai 600 034
..Respondent(s)
Appeal filed under Section 260-A of the Income-Tax Act, 1961 against the order of the Income Tax Appellate Tribunal, Madras ‘C’ Bench, Chennai dated 05.05.2014 in ITA No. 1323/Mds/2012 for assessment year 2009 – 10.
For Appellant(s):
Mrs.V.Pushpa,
Senior Standing Counsel
For Respondent(s):
Ms.Santhalakshmi
for Mr.A.Swaminathan, for Liquidator
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JUDGMENT
(Delivered by Dr.Anita Sumanth, J.) The appellant has challenged an order of the Income Tax Appellate Tribunal (Tribunal / ITAT) dated 05.05.2014 for assessment year (AY) 2009 –
10.
2. We have heard Mrs.V.Pushpa, learned Senior Standing Counsel, for
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2026:MHC:4343 TCA No. 558 of 2015
the appellant and Ms.Santhalakshmi, learned counsel for respondent / liquidator, appointed by the National Company Law Tribunal (NCLT) as the assessee / Kanishk Gold Private Limited is before the NCLT at the instance of the State Bank of India in an application moved under Section 7 of the Insolvency and Bankruptcy Code, 2016.
3. The liquidator has filed a memo dated 21.10.2004 confirming the position that 12 financial creditors and 9 operational creditors have made claims before the liquidator. The Department has also filed a claim for Rs.1,22,56,76,779/-.
4. Learned Senior Standing Counsel confirms the position that the demand under the subject appeal is also part of the total claim of the Department as above. A copy of Form C dated 17.02.2020 is also placed on record.
5. In light of the aforesaid, nothing survives in this appeal as it is for the official liquidator to consider the claim of the Income-Tax Department and NCLT to pass necessary and appropriate orders in that regard.
6. Recording the aforesaid, this tax case (appeal) is closed returning the substantial questions of law unanswered. No costs. (A.S.M, J.) (S.K, J.) 28-10-2026 Index: Yes/No Speaking order Neutral Citation: Yes ssm
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2026:MHC:4343 TCA No. 558 of 2015
To
1. The Commissioner of Income Tax, Chennai.
2. The Income Tax Appellate Tribunal, Madras ‘C’ Bench, Chennai.
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2026:MHC:4343 TCA No. 558 of 2015
DR.ANITA SUMANTH, J. AND S.KARTHIKEYAN, J. ssm TCA No. 558 of 2015 28-10-2026
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