The Commissioner Of Income Tax, Chennai v. M/S.johnson Lifts Pvt. Ltd., Chennai-1

In the High Court of Judicature at Madras THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAMAND THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN Tax Case Appeal No.53 of 2015 The Commissioner of Income Tax, Chennai...AppellantVsM/s.Johnson Lifts Pvt. Ltd., Chennai-1...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 01.8.2014 in ITA No.480/Mds/2013 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2009-10. 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 question of law framed is 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. -s/d- To 1.The Income Tax Appellate Tribunal, Chennai 'B' Bench. 2. The Commissioner of Income Tax(appeals)V 121, Mahathma Gandhi Road, Chennai34. 3. The Assistant Commissioner of Income Tax Business Circle XI, II Floor Business Circle XI, II Floor Kannammai building, 611, Annamalai, Chennai 6. +1 CC to Mr.T.Ravikumar, Advocate sr 72212. +1 CC to Mr.Subbaraya Aiyar, Advocate sr 71638. TCA.No.53 of 2015 VGII(CO)SP(27/11/2018)