The Commissioner Of Income Tax v. M/S.Chennai City Centre

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.820 of 2017 The Commissioner of Income Tax, Chennai ...Appellant Vs M/s.Chennai City Centre Holdings P.

Ltd., Chennai-6

...Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 22.6.2017 in ITA No.2224/Mds/2016 on the file of the Income Tax Appellate Tribunal Chennai 'C' Bench for the assessment year 2012-13 against the order dt:20/05/2016 made in ITA No.175/CIT(A)-1/2015-16 of the office of the Commissioner of Income -Tax (Appeals), Chennai-600 034, Which was preferred against the assessment order dt:20/03/2015 for the assessment year 2012-13 of the office of the Deputy Commissioner of IncomeTax, Corporate circle 1(2) Chennai. For Appellant :

Mr.T.Ravikumar & Mrs.R.Hemalatha For Respondent :

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 In the light of the above, the appeal is dismissed as withdrawn and the substantial questions of law framed are left open.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

Sd/- Assistant Registrar(CS VIII) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'C' Bench. 2.The Commissioner of Income -Tax (Appeal)-1, Chennai-600 034.

3.The Deputy Commissioner of Income -Tax, Corporate circle 1(2),Chennai.

4.The Assistant Registrar, Income -Tax, Appellate Tribunal, Besant Nagar Chennai-90 5.The director, Central Board of Direct Taxes, New Delhi.

+1cc to Mr.G.Baskar, Advocate, S.R.No.72192 +1cc to Mr.T.Ravikumar, Advocate, S.R.No.72204 TCA.No.820 of 2017 GSP(19/11/2018) https://hcservices.ecourts.gov.in/hcservices/