The Commissioner Of Income Tax, Coimbatore v. Rangamma Steels & Malleables, Coimbatore-18

In the High Court of Judicature at Madras Dated : 22.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAMand The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.484 of 2010 The Commissioner of Income Tax, Coimbatore...Appellant/RespondentVsRangamma Steels & Malleables,Coimbatore-18....Respondent/Appellant APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 13.11.2009 in ITA No.1171/Mds/2009 onthe file of the Income Tax Appellate Tribunal Chennai 'B' Benchfor the assessment year 2006-07 and against the order of theCommissioner of Income Tax (Appeals)-I, Coimbatore dated1/5/2009 in Appeal.No.322/08-09 and against the order of theAsst. Commissioner of Income Tax Circle III, Coimbatore dated23.12.2008 in PAN-AAD FR 3050J. For Appellant : Mr.T.R.Senthilkumar For 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 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. No costs. Sd/- Assistant Registrar(CS IX) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'B' Bench. 2.The Commissioner of Income Tax (Appeals)-I, Coimbatore 3.The Asst. Commissioner of Income Tax, Circle III, Coimbatre. +1cc to Mr.T.R.Senthilkumar, Advocate SR.NO.72175 KK(CO)sm:15.11.2018 TCA.No.484 of 2010