Commissioner Of Income Tax-Vii,Chennai v. M/S.sahuwala Flour Mills, Chennai-81

In the High Court of Judicature at Madras Dated : 11.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.408 of 2011 Commissioner of Income Tax-VII,Chennai ...Appellant Vs M/s.Sahuwala Flour Mills, Chennai-81 ...Respondent APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 15.3.2011 in ITANo.1837/Mds/2010 on the file of the Income Tax Appellate Tribunal Chennai 'C' Bench for theassessment year 2007-08. For Appellant : Mr.M.Swaminathan & Mrs.V.Pushpa For Respondent : Mr.R.Sivaraman Judgment was delivered by T.S.SIVAGNANAM,JHeard the learned counsel for the appellant. 2. This appeal by the Revenue challenges the order passed by the Income Tax Appellate Tribunal,which decided the issue in favour of the assessee. 3. The Revenue seeks to withdraw the appeal on account of low tax effect in terms of Circular No.3of 2018 dated 11.7.2018 issued by the Central Board of Direct Taxes. (2) T.S.SIVAGNANAM,J AND V.BHAVANI SUBBAROYAN,J RS 4. In the light of the above, the appeal is dismissed as withdrawn and the substantial questions oflaw framed are left open. In the event the tax effect is above the threshold limit fixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restore the appeal tobe heard and decided on merits. No costs. 11.10.2018 Internet : Yes To The Income Tax Appellate Tribunal, Chennai 'C' Bench. TCA.No.408 of 2011