The Commissioner Of Income Tax, Chennai v. M/S.buzzworks Business Services Pvt. Ltd., Chennai-2

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.852 of 2017 The Commissioner of Income Tax,Chennai...AppellantVsM/s.Buzzworks Business Services Pvt. Ltd., Chennai-2...Respondent Prayer:APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 09.6.2017 in ITA No.210/Mds/2017 on thefile of the Income Tax Appellate Tribunal Chennai 'A' Bench forthe assessment year 2012-13. against the Order of theCommissioner of Income Tax (A) -1, Chennai, dated 21.11.2016made in ITA.No. 405/CIT (A) – 1/14-15/New No. IT 34 /CIT(A) – 12014-15, for the assessment year 2012-13 and against the orderof Assistant Commissioner of Income Tax Company Circle – 1 (2),Chennai – 34, dated 26.08.2014 made in GIR/PAN-AACCB364P, Forthe assessment Year 2012-13. For Appellant : Mr.T.Ravikumar & Mrs.R.HemalathaFor Respondent : Mr.A.S.Sriraman Judgment was delivered by T.S.SIVAGNANAM,J 2. This appeal by the Revenue challenges the order passedby the 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 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 appeal to be heardand decided on merits. No costs. Sd/- Assistant Registrar //True Copy// Sub Assistant RegistrarTo1.The Income Tax Appellate Tribunal, Chennai 'A' Bench.2. The Commissioner of Income Tax, (Appeals) -1, Chennai.3. The Assistant Commissioner of Income Tax, Company Circle – 1 (2), Chennai – 34.+1cc to Mr.T.Ravi Kumar, Advocate, S.R.No. 72203TCA.No.852 of 2017MR(CO)GN(07/12/2018)