Tca/976/2013 Of Director Of Income Tax v. M/S. Tamilnadu Energy

In the High Court of Judicature at Madras The Honourable Mr.Justice T.S.SIVAGNANAM The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN The Director of Income Tax(Exemptions), Chennai ...Appellant/Appellant M/s.Tamilnadu Energy DevelopmentAgency, Chennai-6 ...Respondent/Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 09.9.2011 in ITA No.259/Mds/2011 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2007-08 against the order passed by theCommissioner of Income Tax (Appeals)-XIII Chennai-600 034dt:24/11/2010 made in ITA.No.81/09-10 and against order passedby the Deputy Director of Income Tax (Exemptions) Chennai-600034 dt:12/10/2009 made in IT.N.S.65 for the Assessment year2007-08. For Appellant : Mr.M.Swaminathan & Ms.V.Pushpa For Respondent : Mr.V.Jaya Prakash Narayanan Judgment was delivered by T.S.SIVAGNANAM,JHeard 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. 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 question of law framed is leftopen. In the event the tax effect is above the threshold limitfixed in the said circular, liberty is granted to the Revenue tomake a mention to this Court to restore the appeal to be heardand decided on merits. No costs. Sd/- Assistant Registrar(CO) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'B' Bench. 2.The Commissioner of Income Tax (Appeals)-XIIChennai-34 3.The Deputy director of Income Tax (Exemptions)Chennai-600 034. +1cc to Mr.V.Jayaprakash Narayanan, Advocate, S.R.No.74095 +1cc to Mr.M.Swaminathan, Advocate, S.R.No.74222 SR(CO)GSP(27/11/2018) TCA.No.976 of 2013