The Commissioner Of Income Tax, Chennai v. M/S.grt Hotels & Resorts Pvt. Ltd., Chennai-17

In the High Court of Judicature at MadrasDated : 11.10.2018 The Honourable Mr.Justice T.S.SIVAGNANAMandThe Honourable Mrs.Justice V.BHAVANI SUBBAROYAN The Commissioner of Income Tax, Chennai...AppellantVsM/s.GRT Hotels & Resorts Pvt. Ltd.,Chennai-17...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 25.3.2011 in ITA No.1416/Mds/2010on the file of the Income Tax Appellate Tribunal Chennai'D' Bench for the assessment year 2007-08 against the orderof commissioner of Income Tax Appeals-II, Chennai made inITA.No.202/09-10 Dated 23.04.2010 for the assessment Year2007-2008 against the order of Assistant commissioner ofIncome Tax Central Circle-III(3), Chennai made in PA.No./GINO.AAACG3608B Date of the order 29.12.2009 for theassessment Year 2007-2008. For Appellant : Mr.T.R.Senthilkumar For Respondent : No appearanceJudgment was delivered by T.S.SIVAGNANAM,J 2. This appeal by the Revenue challenges the orderpassed by the Income Tax Appellate Tribunal, which decidedthe issue in favour of the assessee. 3. The Revenue seeks to withdraw the appeal on accountof low tax effect in terms of Circular No.3 of 2018 dated11.7.2018 issued by the Central Board of Direct Taxes. 4. In the light of the above, the appeal is dismissedas withdrawn and the substantial questions of law framedare left open. In the event the tax effect is above thethreshold limit fixed in the said circular, liberty is https://hcservices.ecourts.gov.in/hcservices/ granted to the Revenue to make a mention to this Court torestore the appeal to be heard and decided on merits. Sd/- Assistant Registrar(C0) Sub Assistant Registrar ToThe Income Tax Appellate Tribunal, Chennai 'D' Bench. 2.The commissioner of Income Tax Appeals-II, Chennai. 3.The Assistant commissioner of Income tax central circleIII(3) Chennai. 4.The Commissioner of Income Tax , Chennai. 5. The section officer,VR Section,High courtMadras +1cc to Mr.T.R.Senthilkumar , Advocate SR.No. 71167+1cc to Mr.S.Sridhar , Advocate SR.No. 70742