Commissioner Of Income Tax Ii v. M/S Ramco Industries Ltd
In the High Court of Judicature at Madras Dated : 12.10.2018 Coram :
The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.469 of 2012 Commissioner of Income Tax-II, Madurai-2.
...Appellant Vs M/s.Ramco Industries Ltd., Rajapalayam-117.
...Respondent
APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 17.7.2012 in ITA No.561/Mds/2012 on the file of the Income Tax Appellate Tribunal Chennai 'A' Bench for the assessment year 2006-07 and against the order of the Commissioner of Income Tax Appeals-II, Madurai, order dated 23.12.2011 made in ITA.No.381/2008-09 and against the order of the Additional Commissioner of Income Tax Virudhunagar Range (I/C) Virudhunagar, order dated 30.12.2008 made in PAN/GIR NO.AAACR5248J order of the Assessment 2006-07 For Appellant :
Mr.M.Swaminathan and Ms.S.Premalatha For Respondent :
Mr.P.J.Rishikesh 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.
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4. In the light of the above, the appeal is dismissed as withdrawn and the substantial questions of law framed are left open. In the event the tax effect is above the threshold limit 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-IX) //True Copy// Sub Assistant Registrar To
1. The Income Tax Appellate Tribunal, Chennai 'A' Bench.
2. The Commissioner of Income Tax (Appeals) -II I/C Madurai.
3. The Additional Commissioner of Income Tax Virudhunagar Range I/C, Virudhunagar + 1 cc to Mr.Swaminathan, Advocate Sr.70928 + 1 cc to Mr. P.J. Rishikesh, Advocate Sr.70999 TCA.No.469 of 2012 NRJK(CO) EU(27/11/2018) https://hcservices.ecourts.gov.in/hcservices/