Commissioner Of Income Tax v. M/S Ultra Readymiz Concrete

In the High Court of Judicature at Madras Dated : 24.10.2018 Coram :

The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.200 of 2014 The Commissioner of Income Tax, Coimbatore ...Appellant/Appellant Vs M/s.Ultra Readymix Concrete Pvt.

Ltd., Coimbatore-12

...Respondent/Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 25.9.2013 in ITA No.1637/Mds/2013 on the file of the Income Tax Appellate Tribunal Chennai 'A' Bench for the assessment year 2009-10. and against the Order of Commissioner of Income Tax (Appeals) V, Chennai dated 07/05/2013 made in Appeal No. 10/12-13, against the Deputy commissioner of Income Tax Company Circle I (3), Coimbatore dated 30/03/2012 made in PANAACU7836K Assessment Year 2009-10. For Appellant :

Mr.T.R.Senthilkumar & Ms.K.G.Usharani 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.

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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 In the light of the above, the appeal is dismissed as withdrawn and the substantial question of law framed is left open.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(CCC) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'A' Bench.

2. The Commissioner of Income Tax(Appeals)-I, Coimbatore.

3. The Deputy Commissioner of Income Tax Company Circle - I(3), Coimbatore.

+1cc to Mr.T.R.Senthil Kumar, Advocate, S.R.No. 72918 +1cc to Mr.Philip George, Advocate, S.R.No. 73190 TCA.No.200 of 2014 VGII(CO) GN(22/11/2018) https://hcservices.ecourts.gov.in/hcservices/