Commissioner Of Income Tax v. Rumana Leather Co

In the High Court of Judicature at Madras Dated : 08.10.2018 Coram :

The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.243 of 2009 The Commissioner of Income Tax, Chennai ...Appellant Vs Rumana Leather Co.

...Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 28.2.2007 in ITA No.2611/Mds/2004 on the file of the Income Tax Appellate Tribunal Chennai 'B' Bench for the assessment year 2001-02. Appeal filed against the order of the Commissioner of Income Tax Appel in ITA.No.1320/2003-04 dated 2.1.2004 against the Assessment order dated 23.2.2004 for the year 2001-2002.

For Appellant :

Mr.T.Ravikumar For 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 by the Income Tax Appellate Tribunal, which decided the issue in favour of the assessee.

3. The Revenue seeks to withdraw the appeal on account of low tax effect in terms of Circular No.3 of 2018 dated 11.7.2018 issued by the Central Board of Direct Taxes.

4. In the light of the above, the appeal is dismissed as withdrawn and the substantial question of law framed is left open. In the event the tax effect is above the threshold limit https://hcservices.ecourts.gov.in/hcservices/

fixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restore the appeal to be heard and decided on merits. No costs.

Sd/- Assistant Registrar(CS IV) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'B' Bench. 2.The Commissioner of Income Tax (Appeals) X Chennai 34 3.The Income Tax Officer Business Ward XII(3) Chennai 600 006.

+1cc to Mr.T.Ravikumar, Advocate SR.NO.69089 +1cc to Mr.Phlip George, Advocate SR.NO.69283 KS(CO) sm:30.10.2018 TCA.No.243 of 2009 https://hcservices.ecourts.gov.in/hcservices/