The Commissioner Of Income Tax, Chennai v. M/S.deccan Overseas Exports Ltd.,Chennai-31

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, Chennai ...Appellant/Appellant Vs M/s.Deccan Overseas Exports Ltd.,Chennai-31 ...Respondent/Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 22.1.2016 in ITA No.1414/Mds/2013 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2006-07 against the order dated 28.03.2013in ITA No.659/08-09 on the file of the Commissioner of IncomeTax (Appeals)-IX, Chennai-34 for the Assessment Year 2006-07against the order dated 31.12.2008 in PA/G.I.R No.AAACD1951C onthe file of the Assistant Commissioner of Income Tax CompanyCircle I(4), Chennai for the Assessment Year 2006-07. 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. 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 IX) //True Copy// Sub Assistant Registrar To The Income Tax Appellate Tribunal, Chennai 'B' Bench. +1 cc to Mr.S.Sridhar, Advocate Sr.No.69994 +1 cc to Mr.Karthik Ranganathan, Advocate Sr.No.70653 CSL/19.11.2018 TCA.No.592 of 2016