Commissiner Of Income Tax v. M/S. Sivagami Holdings Pvt Ltd
In the High Court of Judicature at Madras Dated : 22.10.2018 Coram :
The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.193 of 2017 The Commissioner of Income Tax, Chennai ...Appellant Vs M/s.Sivagami Holdings Pvt. Ltd., Chennai-2
...Respondent
APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 27.11.2015 in ITA No.1121/Mds/2015 on the file of the Income Tax Appellate Tribunal Chennai 'B' Bench for the assessment year 2010-11 Appeal filed against the order of the Principal commissioner of Income Tax -6,Nungambakkam, Chennai made in CMO.6119(6) CIT-6/1314 dt 04.03.2015 for the Assessment year 2010-2011 against the assessment order dated 25.03.2013 for the assessment year 2010-2011.
For Appellant :Mr.T.R.Senthilkumar & Ms.K.G.Usharani For Respondent :Mr.A.S.Sriraman 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.
4. In the light of the above, the appeal is dismissed as withdrawn and the substantial questions of law raised are left open. In the event the tax effect is above the threshold limit fixed in the said circular, liberty is https://hcservices.ecourts.gov.in/hcservices/
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 The Income Tax Appellate Tribunal, Chennai 'B' Bench. 2.The Principal commissioner of Income Tax -6,Nungambakkam, Chennai .
+2ccs to Mr.T.Ravi kumar , Advocate SR.No. 72210,72167 TCA.No.193 of 2017 ASK(19/11/2018) https://hcservices.ecourts.gov.in/hcservices/