The Commissioner Of Income Tax, Chennai v. Rumana Leather Co

In the High Court of Judicature at Madras Dated : 08.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.243 of 2009 The Commissioner of Income Tax, Chennai...AppellantVsRumana Leather Co....Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 28.2.2007 in ITA No.2611/Mds/2004 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2001-02. Appeal filed against the order ofthe Commissioner of Income Tax Appel in ITA.No.1320/2003-04dated 2.1.2004 against the Assessment order dated 23.2.2004 forthe year 2001-2002.For Appellant : Mr.T.RavikumarFor Respondent : Mr.M.P.SenthilkumarJudgment 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 question of law framed is 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. Sd/- Assistant Registrar(CS IV) //True Copy// Sub Assistant Registrar To1.The Income Tax Appellate Tribunal, Chennai 'B' Bench.2.The Commissioner of Income Tax (Appeals) X Chennai 343.The Income Tax Officer Business Ward XII(3) Chennai 600 006.+1cc to Mr.T.Ravikumar, Advocate SR.NO.69089+1cc to Mr.Phlip George, Advocate SR.NO.69283KS(CO)sm:30.10.2018 TCA.No.243 of 2009