The Commissioner Of Income Tax, Chennai v. M/S.tidel Park Ltd

In the High Court of Judicature at Madras The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN The Commissioner of Income Tax, Chennai...Appellant/ Respondent VsM/s.Tidel Park Ltd., C/O M/s.R.Janakiraman & Co., C.A.,Chennai-18 ...Respondent/Appellant APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 27.9.2013 in ITA No.2104/Mds/2011on the file of the Income Tax Appellate Tribunal Chennai'B' Bench for the assessment year 2008-09. For Appellant : Mr.M.Swaminathan & Mrs.V.PushpaFor Respondent : Mr.R.Venkatanarayanan for M/s.Subbaraya Aiyer PadmanabhanJudgment 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 In the light of the above, the appeal is dismissedas withdrawn and the substantial questions of law framedare left open.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. Nocosts. Sd/- Assistant Registrar(CS v) //True Copy// Sub Assistant Registrar To The Income Tax Appellate Tribunal, Chennai 'B' Bench.+1cc to Mr.M.Swaminathan , Advocate SR.No. 72741+1cc to M/s.Subbaraya Aiyer Padmanabhan , Advocate SR.No.72937TCA.No.900 of 2015ASK(26/11/2018)