The Commissioner Of Income Tax, Chennai v. M/S.chennai City Centre Holdings P. Ltd., Chennai-6

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.820 of 2017 The Commissioner of Income Tax, Chennai ...Appellant VsM/s.Chennai City Centre Holdings P.Ltd., Chennai-6 ...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 22.6.2017 in ITA No.2224/Mds/2016 on thefile of the Income Tax Appellate Tribunal Chennai 'C' Bench forthe assessment year 2012-13 against the order dt:20/05/2016 madein ITA No.175/CIT(A)-1/2015-16 of the office of the Commissionerof Income -Tax (Appeals), Chennai-600 034, Which was preferredagainst the assessment order dt:20/03/2015 for the assessmentyear 2012-13 of the office of the Deputy Commissioner of Income-Tax, Corporate circle 1(2) Chennai. For Appellant : Mr.T.Ravikumar & Mrs.R.HemalathaFor Respondent : Mr.G.Baskar 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 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(CS VIII) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'C' Bench. 2.The Commissioner of Income -Tax (Appeal)-1,Chennai-600 034. 3.The Deputy Commissioner of Income -Tax,Corporate circle 1(2),Chennai. 4.The Assistant Registrar,Income -Tax, Appellate Tribunal,Besant Nagar Chennai-90 5.The director,Central Board of Direct Taxes,New Delhi. +1cc to Mr.G.Baskar, Advocate, S.R.No.72192 +1cc to Mr.T.Ravikumar, Advocate, S.R.No.72204 GSP(19/11/2018) https://hcservices.ecourts.gov.in/hcservices/