The Commissioner Of Income Tax, Chennai v. M/S.st.thomas Educational Trust,Chennai

In the High Court of Judicature at Madras Dated : 26.10.2018 Coram : THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAMAND THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN Tax Case Appeal No.150 of 2013 The Commissioner of Income Tax, Chennai ...Appellant Vs M/s.St.Thomas Educational Trust,Chennai...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 23.3.2012 in ITA No.175/Mds/2009 on thefile of the Income Tax Appellate Tribunal Chennai 'C' Bench forthe assessment year 2005-06 against the order dated 29.10.2008made in I.T.A. No. 531/07-08 of the Commissioner of Income Tax(appeals)XII, Chennai against the Assessment order dated30.01.2008 made in PAN/GIR No. 3601-T of Income Tax Officer(OSD)(Exemptions)III, Chennai for the assessment year 2005-2006. For Appellant : Mr.Karthik RanganathanFor Respondent : No appearance 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. https://hcservices.ecourts.gov.in/hcservices/ 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. s/d- Assistant Registrar(CS V) True Copy Sub-Assistant RegistrarToThe Income Tax Appellate Tribunal, Chennai 'C' BenchTCA.No.150 of 2013SS(CO)SP(19/11/2018)