Tca/12/2017 Of The Income Tax Officer v. Vean Management Consultants

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 23.10.2018 CORAM : THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAMAND THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN TAX CASE APPEAL NO.12 OF 2017 The Income Tax Officer, CorporateWard 3(4), ChennaiM/s.Vean Management ConsultantsPvt. Ltd., Chennai-4. ...Appellant/RespondentVs...Respondent/ Appellant APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 12.5.2016 in ITA No.325/Mds/2016 on thefile of the Income Tax Appellate Tribunal Chennai 'A' Bench forthe assessment year 2007-08 against the order of the CIT (A) inITA.No.371/14-15/CIT(A)-11 dated:22/01/2016 against order of theITA.No.371/2014-15/CIT(A)-11 against the order dated:22/01/2016dated:31/12/2014 for the assessment year 2007-08 passed by theIncome -Tax officer, Company ward 3(4), Chennai-34. 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. 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. https://hcservices.ecourts.gov.in/hcservices/ 4.In the light of the above, the appeal is dismissed aswithdrawn and the substantial questions of law framed areleft 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. 5. Sd/- Assistant Registrar(CCC) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'A' Bench. 2.The Commissioner of Income -Tax,(Appeals)-IIChennai-34 3.The Income Tax Officer,Corporate Ward 3(4), Chennai 4.The Commissioner of Income Tax,Corporate Ward 3(4) Chennai. Copy to; The Section Officer,VR Section,High Court, Madras-104. +1cc to Mr.M.Swaminathan, Advocate, S.R.No.71801 TCA.No.12 of 2017 SSD(CO)GSP(20/11/2018) https://hcservices.ecourts.gov.in/hcservices/