The Commissioner Of Income Tax, Business Circle-Viii, Chennai-34 v. M/S.essar Ve Enterprises, Chennai-1

In the High Court of Judicature at Madras Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN The Commissioner of Income Tax, Business Circle-VIII, Chennai-34. ..Appellant/ Respondent Vs M/s.Essar Ve Enterprises, Chennai-1....Respondent/Appellant APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 17.7.2015 in ITA No.528/Mds/2015 onthe file of the Income Tax Appellate Tribunal Chennai 'A'Bench for the assessment year 2010-11 against the orderdt.27.11.2014 on the file of the commissioner of Income Tax(Appeals)-13, Chennai in ITA NO.1743/2013-14 for theAssessment year 2010-2011 against the order dt.28.03.2013on the file of the Assistant Commissioner of IncomeTax,Business circle VIII, Chennai. In PAN/GAR NO. For Appellant : Mr.M.Swaminathan and Mrs.V.PushpaFor 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 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 In the light of the above, the appeal is dismissedas withdrawn and the substantial questions of law framedare left open. In the event the tax effect is above thethreshold limit fixed in the said circular, liberty is https://hcservices.ecourts.gov.in/hcservices/ granted to the Revenue to make a mention to this Court torestore the appeal to be heard and decided on merits. Sd/- Assistant Registrar(CS vi) //True Copy// Sub Assistant RegistrarToThe Income Tax Appellate Tribunal, Chennai 'A' Bench.Chennai. 2. The commissioner of Income Tax (Appeals)-13,121,Mahathma Gandhi Road, Chennai-34.3.The Assistant Commissioner of Income Tax,Business circleVIII, Chennai 6.4.The Commissioner of Income Tax,Business circle VIII,Chennai.5.The Assistant Registrar,Income Tax Appellate tribunal,III rd Floor,Besant Nagar,Rajaj Bhavan,Chennai. Copy toThe section officer,VR Section,High courtMadras +1cc to Mr.M.Swaminathan , Advocate SR.No. 69888TCA.No.352 of 2016ASK(28/11/2018)