The Commissioner Of Income Tax, Central-I, Chennai-34 v. M/S.emcorp Finance Ltd

In the High Court of Judicature at Madras Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.246 of 2014 The Commissioner of Income Tax, Central-I, Chennai-34 ...Appellant Vs M/s.Emcorp Finance Ltd., Chennai-34. ...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 18.11.2013 in IT(SS)A No.9/Mds/2013 onthe file of the Income Tax Appellate Tribunal Chennai 'B' Benchfor the block period from 1990-91 to 2000-01 and from 01.4.2000to 24.1.2001, against the order dated 23/01/2013 made in ITANo.126/03-04 passed by the Commissioner of Income Tax Appeals-I, Chennai 600 034 and against the order dated 30/06/2003passed by the Deputy Commissioner of Income Tax, Central CircleI(3) Chennai-34 for the Block period 1-4-90 to 25-1-2001. For Appellant : Mr.T.R.SenthilkumarFor Respondent : Mr.P.J.Rishikesh 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/raised areleft open. In the event the tax effect is above the thresholdlimit fixed in the said circular, liberty is granted to theRevenue to make a mention to this Court to restore the appeal tobe heard and decided on merits. No costs. Sd/- Assistant Registrar(CS IX) //True Copy// Sub Assistant RegistrarTo1.The Income Tax Appellate Tribunal, Chennai 'B' Bench, Chennai.2.The Commissioner of Income Tax Appeals-I, Chennai.3.The Deputy Commissioner of Income Tax, Central Circle I(3), Chennai-34.+1cc to M/S.T.R.Senthilkumar, Advocate Sr.72171+1cc to M/S.P.J.Rishikesh, Advocate Sr.71817TCA.No.246 of 2014 sai[co]srg 16/11/2018 https://hcservices.ecourts.gov.in/hcservices/