The Commissioner Of Income Tax,Corporate Circle 3(2), Chennai v. M/S.ych Logistics India Pvt. Ltd.,Sirumangadu Village, Kanchipuramdistrict

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.1134 of 2015 The Commissioner of Income Tax,Corporate Circle 3(2), Chennai ...Appellant Vs M/s.YCH Logistics India Pvt. Ltd.,Sirumangadu Village, KanchipuramDistrict-602105. ...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 26.6.2015 in ITA No.533/Mds/2015 on thefile of the Income Tax Appellate Tribunal Chennai 'D' Bench forthe assessment year 2010-11. against the Order dated 31.03.2014of the Deputy commissioner of Income Tax, Company Circle III (3)against the Assessment Order dated 14.01.2015 in PANAAACY2873Lfor the Assessment Year 2010-11. For Appellant : Mr.M.Swaminathan & Mrs.V.PushpaFor Respondent : Mr.K.Ravi & Mr.C.V.Shyam Sundar 2. This appeal by the Revenue challenges the order passedby the 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 RegistrarTo1.The Income Tax Appellate Tribunal, Chennai 'D' Bench.2.Deputy Commissioner of Income Tax, Company Circle III (3), 4[th] Floor Ayyakar Bhavan, Chennai.3.Deputy Commissioner of Income Tax, Corporate Circle 3 (2), Chennai.+1cc to Mr.M.Sivamathan, Advocate, S.R.No. 72740+1cc to Mr.K.Ravi, Advocate, S.R.No. 73263 TCA.No.1134 of 2015 KAN(CO)GN(26/11/2018) https://hcservices.ecourts.gov.in/hcservices/