Commissioner Of Income Tax-Iii, Chennai v. M/S.royal Park Hotels Pvt. Ltd., Chennai-83

IN THE HIGH COURT OF JUDICATURE AT MADRAS Dated : 12.10.2018 The Honourable Mr.Justice T.S.SIVAGNANAMand The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.856 of 2010 Commissioner of Income Tax-III, Chennai....Appellant/AppellantVsM/s.Royal Park Hotels Pvt. Ltd.,Chennai-83 ...Respondent/ Respondent Prayer:APPEAL under Section 260A of the Income Tax Act,1961 against the order dated 08.1.2010 in ITANo.1688/Mds/2009 on the file of the Income Tax AppellateTribunal Chennai 'D' Bench for the assessment year 2006-07and against the order of the commissioner of Income Tax(Appeals)-V Chennai 34,dt.09.03.2009,made in ITA .nO.180/2008-2009 for the Assessment year 2006-2007 andagainst the order of the income Tax officer company ward v(1), Chennai,DT 11.12.2008 against the PA/GIR NO:AACCR7849H. Heard the learned counsel for the appellant. 2. This appeal by the Revenue challenges the orderpassed by the Income Tax Appellate Tribunal, which decidedthe issue in favour of the assessee. 3. The Revenue seeks to withdraw the appeal on accountof low tax effect in terms of Circular No.3 of 2018 dated11.7.2018 issued by the Central Board of Direct Taxes. 4. In the light of the above, the appeal is dismissedas withdrawn and the substantial question of law framed isleft open. In the event the tax effect is above thethreshold limit fixed in the said circular, liberty is https://hcservices.ecourts.gov.in/hcservices/ granted to the Revenue to make a mention to this Court torestore the appeal to be heard and decided on merits. //True Copy// Sd/- Assistant Registrar(CS V) Sub Assistant Registrar To The Income Tax Appellate Tribunal, Chennai 'D' Bench. 2.The commissioner of Income Tax (Appeals)-V Chennai 34.TCA.No.856 of 2010 ASK(15/11/2018)