The Commissioner Of Income Tax,Coimbatore v. M/S.nkcm Spinners Pvt. Ltd

In the High Court of Judicature at MadrasDated : 26.10.2018 Coram : THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAMAND THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN Tax Case Appeal No.411 of 2016 The Commissioner of Income Tax,Coimbatore ...Appellant Vs M/s.NKCM Spinners Pvt. Ltd., Erode-1 ...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 11.9.2015 in ITA No.974/Mds/2015 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2010-11 against the order of theCommissioner of Income Tax (Appeals)3 Coimbatore dated08.01.2015 made in Appeal No. 149/13-14(A)I against theAssistant Commissioner of Income Tax Circle I Erode dated28.03.2013 , made in PAN.No.AACCN70950 Assessment year 2010-2011. For Appellant : Mr.T.R.Senthilkumar & Ms.K.G.UsharaniFor Respondent : Mr.Niranjan Rajagoplan for M/s.G.R.Associates 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. -s/d- 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)3, Coimbatore.3. The Assistant Commissioner of Income Tax, Circle I, Erode.+1 CC to Mr.T.R.Senthilkumar, Advocate sr 73303.TCA.No.411 of 2016VGII(CO)SP(22/11/2018)