Commissioner Of Incometax v. M/S Great Lakes Institute At
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 Nos.152 and 153 of 2013 The Commissioner of Income Tax, Chennai.
...Appellant Vs M/s.Great Lakes Institute of Management, C/O Shri.R.
Vijayaraghavan, advocate, Chennai-4.
...Respondent
APPEALS under Section 260A of the Income Tax Act, 1961 against the common order dated 22.6.2012 in ITA Nos.931 and 932/Mds/2012 on the file of the Income Tax Appellate Tribunal Madras 'B' Bench respectively for the assessment years for 200607 and 2007-08, O/O the Commissioner of Income Tax (Appeals)-XII Chennai-34 dated 23/2/2012 made in ITA No.386/2009-2010 and against the Income Tax Officer,(OSD) (Exemptions)-III, Chennai34 PAN No.3715-GAACCG-2885L Assessment Year 2006-07. For Appellant :
Mr.Karthik Ranganathan For Respondent :
Mr.R.Venkata Narayanan for M/s.Subbaroya Aiyer Padmanabhan COMMON JUDGMENT (Judgment was delivered by T.S.SIVAGNANAM,J) Heard the learned counsel for the appellant.
2. These appeals by the Revenue challenge the common order passed by the Income Tax Appellate Tribunal, which decided the issue in favour of the assessee.
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3. The Revenue seeks to withdraw the appeals 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 In the light of the above, the appeals are dismissed as withdrawn and the substantial question of law framed is left open. In the event, in each of the cases, 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 appeals 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, Madras 'B' Bench.
2.The Commissioner of Income Tax, (Appeals)-XII, Chennai-34.
3.The Income Tax Officer, (OSD) (Exemption)-III, Chennai.
+1cc to M/S.Subbaraya Aiyar Padmanabhan, Advocate Sr.69504 TCA.Nos.152 & 153 of 2013 rr[co] srg 28/11/2018 https://hcservices.ecourts.gov.in/hcservices/