Commissioner Of Income Tax v. M/S.Parameswari Textiles

In the High Court of Judicature at Madras Dated : 10.10.2018 Coram :

The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.282 of 2016 The Commissioner of Income Tax, Chennai ...Appellant Vs M/s.Parameswarai Textiles, Karur-6

...Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 09.7.2015 in ITA No.1153/Mds/2015 on the file of the Income Tax Appellate Tribunal Chennai 'A' Bench for the assessment year 2010-11 against the order of the Commissioner of Income Tax (Appeals)-2 Tiruchirappalli, dated 5.2.2015 made in ITA.No.11/2013-14 (CIT(A)/TRY against the assessment order passed by the Assistant Commissioner of Income Tax Circle II, Range-II, Tiruchirapalli, dt.26.2.2013 made in PAN/GIR.No.AAAFP67534.

For Appellant :

Mr.Karthik Ranganathan For Respondent :

Mr.N.Quadir Hoseyn 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 In the light of the above, the appeal is dismissed as withdrawn and the substantial question of law framed is left open.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(AS) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'A' Bench. 2.The Commissioner of Income Tax, Chennai 3.The Commissioner of Income Tax(Appeals)2, Tiruchirappalli 4.The Assistant Commissioner of Income Tax, Circle II, Range II, Tiruchirpalli +1cc to Mr.Karthik Ranganathan, Advocate SR.NO.70651 +1cc to Mr.N.Quadir Hoseyn, Advocate SR.NO.70750 BS(CO) sm:22.11.2018 TCA.No.282 of 2016 https://hcservices.ecourts.gov.in/hcservices/