Commissioner Of Income Taxviii, Chennai v. M/S.crs Holdings, Kancheepuram

IN THE HIGH COURT OF JUDICATURE AT MADRASDATED : 22.10.2018 THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAMAND THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN Tax Case Appeal No.1292 of 2010 Commissioner of Income Tax- VIII, Chennai...Appellant/ Respondent VsM/s.CRS Holdings, Kancheepuram...Respondent/Appellant Prayer:APPEAL under Section 260A of the Income Tax Act,1961 against the order dated 11.6.2010 in ITANo.1701/Mds/2008 on the file of the Income Tax AppellateTribunal Chennai 'C' Bench for the assessment year 2000-01.For Appellant : Mr.M.SwaminathanFor Respondent : Mr.R.Venkata Narayanan for M/s.Subbaraya Aiyer PadmanabhanJudgment was delivered by T.S.SIVAGNANAM,J 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 In the light of the above, the appeal is dismissedas withdrawn and the substantial question of law framed isleft open.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 isgranted to the Revenue to make a mention to this Court torestore the appeal to be heard and decided on merits. Nocosts. Assistant Registrar(CS) https://hcservices.ecourts.gov.in/hcservices/ To The Income Tax Appellate Tribunal, Chennai 'C' Bench. 2.The Commissioner of Income Tax- VIII, Chennai +1cc to Mr.M.Swaminathan , Advocate SR.No. 71669 +1cc to M/s.Subbaraya Aiyer Padmanabhan , Advocate SR.No.71633 TCA.No.1292 of 2010 ASK(06/12/2018)