The Commissioner Of Income Tax, Chennai-Iv v. M/S. R.k.swamy Bbdo Advertising Pvt Ltd

In the High Court of Judicature at Madras The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN The Commissioner of Income Tax, Chennai-IV, 121, Nungambakkam High Road,Chennai – 600 034....Appellant/Appellant Vs...Respondent/Respondent M/s. R.K.Swamy BBDOAdvertising Pvt Ltd.,604, Mount Road,Chennai – 600 006. Appeal under Section 260A of the Income Tax Act, 1961 isdirected against the order dated 26.07.2012 in ITANo.434/Mds/2011 on the file of the Income Tax Appellate TribunalMadras 'A' Bench for the assessment year 2007-08, against theorder of The Commissioner of Income-Tax (Appeals) V, Chennai-34,dated 01.12.2010, made in ITA No.367/09-10, and against theorder of The Assistant Commissioner of Income Ta, Company circleV(4), Chennai, dated 22.12.2009, made in PAN No. ,Assessment year 2007-08. Heard the learned counsel for the appellant and the learnedcounsel for the respondent. 2. This appeal by the Revenue is challenged against theorder passed by the Income Tax Appellate Tribunal, which decidedthe issue in favour of the assessee. https://hcservices.ecourts.gov.in/hcservices/ 3. The Revenue seeks to withdraw this 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 appeals are dismissed aswithdrawn and the substantial questions of law framed are 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 appeals to be heardand decided on merits. Sd/-Assistant Registrar(CO)//True copy//Sub Assistant RegistrarmrmTo1. The Income Tax Appellate Tribunal, Madras 'A' Bench, Chennai.2. The Commissioner of Income Tax, Chennai IV,121 Nungambakkam High Road, Chennai-343. The Commissioner of Income Tax (Appeals) V, Chennai-34.4. The Assistant Commissioner of Income Tax, Company Circle V(4) Chennai.+1cc to Mr.S.Sridhar, Advocate SR.No.74761 +1cc to Mr.M.Swaminathan, Advocate SR.No.73719 BR(CO)GMY(04/12/2018) TCA No. 159 of 2013