The Commissioner Of Income Tax, Chennai v. M/S.ramsays Corporation Pvt. Ltd., Chennai-2

In the High Court of Judicature at Madras Dated : 10.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.686 of 2016 The Commissioner of Income Tax, Chennai. ...AppellantVs. ...Respondent M/s.Ramsays Corporation Pvt. Ltd.,Chennai-2 APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 16.3.2016 in ITA No.2270/Mds/2015 on thefile of the Income Tax Appellate Tribunal Chennai 'C' Bench forthe assessment year 2011-12. For Appellant : Mr.Karthik RanganathanFor Respondent : Mr.M.P.Senthilkumar 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 limit https://hcservices.ecourts.gov.in/hcservices/ fixed 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. Rs Sd/- Assistant Registrar(CS VIII) //True Copy// Sub Assistant Registrar To1. The Income Tax Appellate Tribunal, Chennai 'C' Bench.2. The Commissioner of Income-Tax, Chennai.+1cc to Mr.Karthik Ranganathan, Advocate S.R.No.70654+1cc to M/s.Philip George, Advocate S.R.No.69997KR/2/11/18TCA.No.686 of 2016