Commissioner Of Income Tax v. M/S Orchid Chemicals &

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.519 of 2014 The Commissioner of Income Tax, Chennai.

...Appellant Vs M/s.Orchid Chemicals & Pharmaceuticals Ltd., Chennai-34

...Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 30.8.2013 in ITA No.2165/Mds/2010 on the file of the Income Tax Appellate Tribunal Chennai 'A' Bench for the assessment year 2005-06. and against the order office Id CIT (A) V Chennai dated:21/09/2010 and against the order dt:19/01/09 from the orders of the Deputy Commissioner of India Tax, Company circle V (1) Chennai-34.

For Appellant :

Mr.T.Ravikumar For Respondent :

No appearance 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 In the light of the above, the appeal is dismissed as withdrawn and the substantial questions of law framed are left open.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.

Sd/- Assistant Registrar(CS V) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'A' Bench.

2.The Commissioner of Income Tax, Chennai-III, Chennai.

3.The Joint Additional Commissioner of India Tax, Company Range V, Chennai.

+1cc to Mr.T.Ravikumar, Advocate, S.R.No.70837 CA.No.519 of 2014 NA(CO) GSP(20/11/2018) https://hcservices.ecourts.gov.in/hcservices/