The Commissioner Of Income Tax, Puducherry v. M/S.latha Steels Suppliers Puducherry-1

In the High Court of Judicature at Madras Dated : 11.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAMand The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.248 of 2011 The Commissioner of Income Tax, PuducherryVsM/s.Latha Steels SuppliersPuducherry-1...Respondent ...Appellant APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 03.1.2011 in ITA No.150/Mds/2010 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2001-02 against the order passed by theCommissioner of Income Tax(Appeals)-XII Nungambakkam, Chennai600 034 made in ITA.No.194/08-09 date of order 26.11.2009 forthe assessment year 2001-02. against the order passed by the Income Tax officer, ward I(1) Puducherry made in PA.No.GI.No.AAAFL2477N/L-433/date oforder 29.12.2008 for the assessment year 2001-02.For Appellant : Mr.T.R.Senthilkumar & Ms.K.G.UsharaniFor Respondent : Mr.M.P.Senthilkumar 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-IX) //True Copy// Sub Assistant RegistrarTo1. The Income Tax Appellate Tribunal, Chennai 'B' Bench.2. The Commissioner of Income Tax Puducherry.3. The Commissioner of Income Tax (Appeals)-XII, Nungambakkam,Chennai 600 034.4. The Income Tax Officer, Ward I (1) Puducherry.5. The Section Officer, VR Section, High Court, Madras.+ 1 cc to M/s. M.P.Senthilkumar, Advocate Sr.70869TCA.No.248 of 2011AK(CO)EU(16/11/2018) https://hcservices.ecourts.gov.in/hcservices/