Commissioner Of Income Tax Chennai v. M/S.aban Offshore Ltd

IN THE HIGH COURT OF JUDICATURE AT MADRASDATED: 22.1.2016 CORAM THE HONOURABLE MR.JUSTICE M.JAICHANDRENANDTHE HONOURABLE MRS.JUSTICE S.VIMALATax Case Appeal Nos.513 and 514 of 2015 Commissioner of Income TaxChennai .. Appellant in both CasesVersus M/s.Aban Offshore Ltd.,113, Janpriya Crest,Pantheon Road,Egmore, Chennai 600 008. .. Respondent in both Cases Prayer: Appeals presented to the High Court against the order ofthe Income Tax Appellate Tribunal Madras `B' Bench, dated21.11.2014,inI.T.A.Nos.719/Mds/2014and720/Mds/2014respectively. against the Orders of the Commissioner of Income Tax(A)(Central)-I, Chennai, dated 26/11/2013 made in ITA.No.191/2013-14 190/2013-14, and against the order of the Joint Commissioner of Income-Tax(OSD) Company Circle-I(1),Chennai, dated 30/12/2011 made inGIR/PAN AX-2017/ For Appellant in both Case : Mr.T.Ravikumar Mr.T.R.Senthil Kumar Mr.J.Narayanaswamy Mr.M.SwaminathanFor Respondent in both case : Mr.R.Venkatanarayanan for Mr.Subbaraya Aiyar The learned counsels appearing for the Appellant/Revenuehad submitted that they may be permitted by this Court towithdraw the present tax case appeals, in view of the CircularNo.21 of 2015, issued by the Central Board of Direct Taxes,Department of Revenue, Ministry of Finance, Government of India,dated 10.12.2015, as the tax effect relating to the matter isless than Rs.20,00,000/-. 2. The learned counsels had further submitted that libertymay be granted to the Appellant/Revenue to revive the tax caseappeals, if it is found that they had been withdrawn,inadvertently, even though they fall under the exceptionsmentioned in paragraph 8 of the circular. 3. In view of the said submissions made by the learnedcounsels appearing for the Appellant/Revenue, the present taxcase appeals stand dismissed, as withdrawn. It is made clearthat the questions of law, which may arise for the decision ofthis Court, in the present tax case appeals, are left open to beconsidered and decided in appropriate cases, in accordance withlaw. It is also made clear that it would be open to theAppellant/Revenue to revive the tax case appeals, if it is foundthat they had been withdrawn, inadvertently, even though theyfall under the exceptions mentioned in paragraph 8 of theCircular, within a period of twelve weeks from today. No costs. -s/d-Assistant RegistrarTrue Copy Sub-Assistant Registrar ssk. To:1.The Income Tax Appellate Tribunal Madras `B' Bench.2.The Commissioner of Income Tax(A)Chennai3.The Joint Commissioner of Income Tax(OSD)Company Circle-I(1) Chennai+1 cc to Mr.T.RaviKumar Advocate sr.4705 Tax Case Appeal Nos.513 & 514 of 2015 aa11/02/2016