The Commissioner Of Income Tax, Chennai v. M/S.east Coast Terminal Operations& Port Services Ltd., Chennai-6

In the High Court of Judicature at Madras The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal Nos.65 & 67 of 2016 The Commissioner of Income Tax, Chennai...Appellant/Appellate Vs M/s.East Coast Terminal Operations& Port Services Ltd., Chennai-6. ...Respondent/Respondent APPEALS under Section 260A of the Income Tax Act, 1961against the common order dated 26.9.2013 in ITA Nos.562 and564/Mds/2013 on the file of the Income Tax Appellate TribunalMadras 'C' Bench respectively for the assessment years 2005-06and 2007-08. For Appellant : Mr.Karthik RanganathanFor Respondent : Mr.M.P.Senthilkumar COMMON JUDGMENT (Judgment was delivered by T.S.SIVAGNANAM,J) Heard the learned counsel for the appellant. 2. These appeals by the Revenue challenge the common orderpassed by the Income Tax Appellate Tribunal, which decided theissue in favour of the assessee. 3. The Revenue seeks to withdraw the appeals 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 appeals are dismissed aswithdrawn and the substantial questions of law framed are leftopen. In the event, in each of the cases, the tax effect isabove the threshold limit fixed in the said circular, liberty isgranted to the Revenue to make a mention to this Court torestore the appeals to be heard and decided on merits. No costs. Assistant Registrar(CCC) Sub Assistant Registrar ToThe Income Tax Appellate Tribunal, Madras 'C' Bench. Copy To: The Section Officer,V.R.Section,High Court, Madras. +1 cc to Mr.Karthik Ranganathan, Advocate Sr.No.70647 +1 cc to Ms.G.Susheela, Advocate Sr.No.70391 CSL/07.12.2018