Commissioner Of Income Tax, Chennai v. M/S.vsl India (P) Ltd., Chennai

In the High Court of Judicature at Madras Dated : 08.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.216 of 2010 Commissioner of Income Tax, Chennai ... Appellant/AppellantVsM/s.VSL India (P) Ltd., Chennai ... Respondent/RespondentAPPEAL under Section 260A of the Income Tax Act, 1961against the order dated 24.6.2009 in ITA No.1185/Mds/2008 on thefile of the Income Tax Appellate Tribunal Chennai 'C' Bench forthe assessment year 2004-05 and against the order of theCommissioner of Income Tax (Appeals)-VIII, Chennai-34 dated6/3/08 in ITA No.290/07-08 and against the AssistantCommissioner of Income Tax Company Circle III(4), Chennai dated29/12/2006 in GIR No.PAN65-V/AAACV9694E.For Appellant : Mr.M.SwaminathanFor Respondent : No appearance Judgment was delivered by T.S.SIVAGNANAM,J Heard the learned counsel for the appellant. 2. This appeal by the Revenue challenges the order passed bythe Income Tax Appellate Tribunal, which decided the issue infavour of the assessee. https://hcservices.ecourts.gov.in/hcservices/ 3. The Revenue seeks to withdraw the appeal on account oflow tax effect in terms of Circular No.3 of 2018 dated 11.7.2018issued by the Central Board of Direct Taxes. 4. In the light of the above, the appeal is dismissed aswithdrawn and the substantial questions of law framed are leftopen. In the event the tax effect is above the threshold limitfixed in the said circular, liberty is granted to the Revenue tomake a mention to this Court to restore the appeal to be heardand decided on merits. Sd/- Assistant Registrar(CS IX) //True Copy// Sub Assistant RegistrarTo1.The Income Tax Appellate Tribunal, Chennai 'C' Bench.2.The Commissioner of Income Tax (Appeals)-VIII, Chennai -34.3.The Assistant Commissioner of Income Tax Company Circle III(4), Chennai.+1cc to Mr.M.Swaminathan, Advocate sr.69039 TCA.No.216 of 2010 kk[co]srg 16/11/2018 https://hcservices.ecourts.gov.in/hcservices/