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

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...AppellantVs M/s.Sivagami Holdings Pvt. Ltd., Chennai-2...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 27.11.2015 in ITA No.1121/Mds/2015on the file of the Income Tax Appellate Tribunal Chennai'B' Bench for the assessment year 2010-11 Appeal filedagainst the order of the Principal commissioner of IncomeTax -6,Nungambakkam, Chennai made in CMO.6119(6) CIT-6/13-14 dt 04.03.2015 for the Assessment year 2010-2011 againstthe assessment order dated 25.03.2013 for the assessmentyear 2010-2011. For Appellant :Mr.T.R.Senthilkumar & Ms.K.G.UsharaniFor Respondent :Mr.A.S.Sriraman Judgment was delivered by T.S.SIVAGNANAM,J Heard the learned counsel for the appellant. 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 In the light of the above, the appeal is dismissedas withdrawn and the substantial questions of law raisedare left open.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. Nocosts. Sd/- Assistant Registrar(CS ix) //True Copy// Sub Assistant Registrar To The Income Tax Appellate Tribunal, Chennai 'B' Bench. 2.The Principal commissioner of Income Tax -6,Nungambakkam, Chennai . +2ccs to Mr.T.Ravi kumar , Advocate SR.No. 72210,72167 ASK(19/11/2018) TCA.No.193 of 2017