Chola Textiles Tax Appeal Withdrawn

Authority: High Court of Judicature at Madras

Order Date: 05-10-2026

Case Overview

• Appellant: Commissioner of Income Tax – III, Coimbatore (Department).
• Respondent: M/s Chola Textiles Ltd, 20 Dharapuram Road, Thillai Nagar, Tirupur.
• Appeal filed under Section 260A of the Income Tax Act, 1961 against the order dated 16‑06‑2005 passed by the Income Tax Appellate Tribunal, Chennai ‘D’ Bench (ITA No.95/Mds/2002) for assessment year 1998‑99.
• Senior Standing Counsel V. Mahalingam appeared for the Department; the respondent made no appearance.
• The Department sought withdrawal of the appeal, citing a low tax effect per Circular No.9 of 2024 dated 17‑09‑2024.

Final Outcome

• The Court recorded the Department’s submission and dismissed the appeal as withdrawn, leaving the question of law open for determination in an appropriate proceeding.
• No costs were awarded to either party.

Topics: Tax Litigation, Corporate Tax