Commissioner Of Income Tax-Iii, Chennai v. M/S.faively Transport India Ltd., Hosur

In the High Court of Judicature at Madras The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.1307 of 2009 Commissioner of Income Tax-III, Chennai ...Appellant/RespondentVs M/s.Faively Transport India Ltd.,Hosur...Respondent/Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 02.7.2009 in ITA No.1661/Mds/2007 on thefile of the Income Tax Appellate Tribunal Chennai 'A' Bench forthe assessment year 2003-04, and against the Appeal dated28/02/07 in ITA.NO.173/06-07 on the file of the Commissioner ofIncome Tax(Appeals)-XII Chennai and against the Appeal dated22/03/2006 in PAN/GIR.NO.AACGS 8525B on the file the DeputyCommissioner of Income Tax Company Circle-II(1), Chennai-34. For Appellant : Mr.Karthik RanganathanFor Respondent: Mr.R.Venkata Narayanan for M/s.Subbaroya Aiyer Padmanabhan 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. 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 question of law framed is leftopen. In the event the tax effect is above the threshold limit https://hcservices.ecourts.gov.in/hcservices/ fixed 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. No costs. Sd/- Assistant Registrar(CS VI) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'A' Bench.2.The Commissioner of Income Tax,(Appeals) XII, Chennai-34.3.The Deputy Commissioner of Income Tax,Company Circle II(1)Chennai-34.4.The Section Officer, VR Section,High Court, Madras.-104.( copies)5.The Commissioner of Income Tax III,Chennai.6.The Assistant RegistrarIncome Tax Appellate Tribunal,3[rd] Floor, Besant Nagar,Rajaji Bhavan, Chennai. +1cc to M/s.Subbaroya Aiyer Padmanabhan, Advocate sr.no.69505 TCA.No.1307 of 2009 nr 15/11/2018 https://hcservices.ecourts.gov.in/hcservices/