Tca/455/2010 Of Commissioner Of Income Tax v. M/S Brakes India Ltd

In the High Court of Judicature at Madras The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mr.Justice N.SATHISH KUMAR Tax Case Appeal No.455 of 2010 Commissioner of Income Tax, Chennai ...Appellant/ AppellantVsM/s.Brakes India Ltd., Padi.Chennai. ...Respondent/RespondentAPPEAL under Section 260A of the Income Tax Act, 1961against the order dated 19.6.2009 in ITA No.1722/Mds/2008 on thefile of the Income Tax Appellate Tribunal Chennai 'D' Bench forthe assessment year 1998-99. For Appellant : Mr.T.Ravikumar For Respondent : Mr.Vikram VijayaraghavanJudgment 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 issuein favour of the assessee.3. 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 limitfixed in the said circular under exceptional clauses mentioned https://hcservices.ecourts.gov.in/hcservices/ in the circular, liberty is granted to the Revenue to make amention to this Court to restore the appeal to be heard anddecided on merits. No costs. Sd/- Assistant Registrar(CO) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'D' Bench.2.The Commissioner of Income Tax,Chennai.+1cc to Mr.T.Ravikumar, Advocate, S.R.No.76633TCA.No.455 of 2010BS(CO)GSP(03/12/2018)