The Principal Commissioner Of Income Tax, Central-I, Chennai-34 v. M/S.the Narasimha Mills Pvt. Ltd

In the High Court of Judicature at Madras The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN The Principal Commissioner of Income Tax, Central-I, Chennai-34 ...Appellant Vs M/s.The Narasimha Mills Pvt. Ltd., Coimbatore ...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 15.9.2016 in ITA No.1134/Mds/2016 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2008-09.as against order dated 28/03/2016made in C.No. 1523/C-1/15-16 on the file of the PrincipalCommissioner Income Tax Central – I, 46, Mahatma Gandhi Road,Chennai – 600 034 against the Order dated 26/03/2013 made in PANNo. AABCT2058D for the Assessment Year 2008-09 on the file ofDeputy Commissioner of Income Tax, Company Circle – IV, (2),Coimbatore. For Appellant : Mr.T.R.Senthilkumar & Ms.K.G.UsharaniFor Respondent : Mr.R.Sivaraman 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 of https://hcservices.ecourts.gov.in/hcservices/ low 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 questions of law raised 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(CCC)//True Copy// Sub Assistant RegistrarTo1.The Income Tax Appellate Tribunal, Chennai 'B' Bench.2. The Principal Commissioner of Income Tax, Central -I, 46, Mahatma Gandhi Road, Chennai 600 034.3. The Deputy Commissioner of Income Tax, Company circle – IV (2), Coimbatore.+1cc to Mr.T.R.Senthil Kumar, Advocate, S.R.No. 72320+1cc to Mr. R.Sivaraman, Advocate, S.R.No. 73186 TCA.No.242 of 2017SPD(CO)GN(16/11/2018)