Commissioner Of Income Tax v. The Metal Powder Company
In the High Court of Judicature at Madras Dated : 23.10.2018 Coram :
The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.9 of 2017 The Commissioner of Income Tax, Circle-I, Madurai ...Appellant/Appellant Vs The Metal Power Company Ltd., Maravankulam, Thirumangalam Madurai-625806
...Respondent/Respondent
APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 31.3.2016 in ITA No.1143/Mds/2014 on the file of the Income Tax Appellate Tribunal Chennai 'C' Bench, Chennai for the assessment year 2010-11 against the order of the Commissioner of Income Tax(appeals )I, Chennai dated 03.02.2014 and made in I.T.A. No. 0088/2012-2013 for the assessment year 2010-2011 filed against the order of the Deputy Commissioner of Income Tax Circle I(1) Madurai dated 01.03.2013 and made in P.A. No. AAACT4262 E for the Assessment year 20102011. For Appellant :
Mr.M.Swaminathan & Ms.V.Pushpa 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.
https://hcservices.ecourts.gov.in/hcservices/
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 In the light of the above, the appeal is dismissed as withdrawn and the substantial questions of law framed are left open.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.
s/d- Assistant Registrar(CS VII) True Copy Sub-Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'C' Bench.
2. The Commissioner of Income Tax(Appeals)I Madurai.
3. The Deputy Commissioner of Income Tax Circle I(1), Madurai.
4. The Commissioner of Income Tax Circle I, Madurai.
+1 CC to Mr.M. Swaminathan, Advocate sr 71802. TCA.No.9 of 2017 SV(CO) SP(15/11/2018) https://hcservices.ecourts.gov.in/hcservices/