The Commissioner Of Income Tax, Chennai v. Shri Lalith Kumar S.mehta

In the High Court of Judicature at Madras Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.49 of 2013 The Commissioner of Income Tax, Chennai...Appellant Vs Shri Lalith Kumar S.Mehta...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 31.5.2012 in ITA No.1975/Mds/2010 on thefile of the Income Tax Appellate Tribunal Chennai 'D' Bench forthe assessment year 2007-08 as against the order dated15.08.2010 made in ITA.NO.87/09-10 on the file of theCommissioner of Income Tax (Appeals)-IX, 121, Mahatma GandhiRoad, Chennai 600 034, against the order dated 30.12.2009 passedby the Additional Commissioner of Income Tax, Business Range-VIII, Chennai-6 in PAN/GIR No. for the Assessment year2007-08. 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 questions of law framed are 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. No costs. Sd/- Assistant Registrar(CS-V) //True Copy// Sub Assistant Registrar To 1. The Income Tax Appellate Tribunal, Chennai 'D' Bench., Chennai. Chennai 'D' Bench., Chennai. 2. The Commissioner of Income Tax (Appeals) -IX 121, Mahatma Gandhi Road, Chennai-34. Mahatma Gandhi Road, Chennai-34. 3. The Additional Commissioner of Income Tax Business Range-VIII, 1st Floor Kannammai Buld., 611, Anna Salai, Chennai-6. Tax Business Range-VIII, 1st Floor Kannammai Buld., 611, Anna Salai, Chennai-6. + 1 cc to Mr.M. Swaminathan, Advocate Sr.74219+ 1 cc to Mr. N. Muthukumar, Advocate Sr.73222 TCA.No.49 of 2013 SPD(CO)EU(27/11/2018)