The Commissioner Of Incometax, Salem v. M/S.deventhira Spinners (P) Ltd.,Erode-6

In the High Court of Judicature at Madras The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.475 of 2010 The Commissioner of IncomeTax, Salem. ...Appellant Vs M/s.Deventhira Spinners (P) Ltd.,Erode-6 ...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 04.9.2009 in ITA No.470/Mds/2009 on thefile of the Income Tax Appellate Tribunal Chennai 'D' Bench forthe assessment year 2005-06 against the order of the Income Taxofficer (Judicial) O/O the Commissioner of Income-Tax (Appeals)Salem made in ITA.No.20/07-08, dated:30/01/2009 and against theAssessment order of the Additional Commissioner of Income-Tax,Range-I, Salem dt:15/02/2007 made in PAN/GI.No.AAACD7410. 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. 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 to https://hcservices.ecourts.gov.in/hcservices/ make a mention to this Court to restore the appeal to be heardand decided on merits. Sd/- Assistant Registrar(CS V) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'D' Bench.2.The Additional Commissioner of Income Tax,Range-I, Salem.TCA.No.475 of 2010CP(CO)GSP(27/11/2018)