Tamilnadu Magnesite Appeal Withdrawn by Income Tax

Authority: Supreme Court of India

Order Date: 21-08-2026

Case Overview

• Appellant: The Assistant Commissioner of Income Tax (Income Tax Department)
• Respondent: M/s Tamilnadu Magnesite Ltd.
• Civil Appeal No.: 4569/2023 filed before the Supreme Court of India.
• The dispute pertained to a tax matter under the Income Tax Act, specifics of which are not detailed in the order.
• Counsel for the appellant included Senior Advocates Mr. N Venkataraman, Mr. Nachiketa Joshi, and others; counsel for the respondent was Ms. Purnima Krishna and Ms. Vrinda Bhandari.
• The bench comprised Hon'ble Chief Justice, Hon'ble Mr. Justice Joymalya Bagchi, Hon'ble Mrs. Justice V. Mohana, and Justice Pradeep Rai.

Final Outcome

• The appellant’s counsel sought and was permitted to withdraw the appeal.
• The Supreme Court dismissed the appeal as withdrawn, thereby terminating the proceedings and the pending tax dispute between the Income Tax Department and Tamilnadu Magnesite Ltd.

Topics: Tax Litigation, Supreme Court Order