Commissioner Of Income Ta v. M/S National College Council

In the High Court of Judicature at Madras Dated : 09.10.2018 Coram :

The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.346 of 2014 & MP.No.1 of 2014 The Commissioner of Income Tax, Trichy ... Appellant/Appellant Vs M/s.National College Council, Tiruchy-2.

... Respondent/Respondent APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 06.8.2013 in ITA No.1160/Mds/2013 on the file of the Income Tax Appellate Tribunal Chennai 'B' Bench for the assessment year 2008-09.

For Appellant : Mr.T.Ravikumar For Respondent : Mr.Sandeep Bagmar 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 In the light of the above, the appeal is dismissed as withdrawn and the substantial question of law framed/raised is left open. In the event the tax effect is above the threshold https://hcservices.ecourts.gov.in/hcservices/

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. Consequently, the connected MP is also dismissed.

Sd/- Assistant Registrar(CS V) //True Copy// Sub Assistant Registrar RS To

1. The Income Tax Appellate Tribunal, Chennai 'B' Bench.

2. The Commissioner of Income Tax, Trichy.

+1 cc to Mr.V.S.Jayakumar, Advocate Sr.No.69890 +1 cc to Mr.T.Ravikumar, Advocate Sr.No.69622 TCA.No.346 of 2014 and MP.No.1 of 2014 CA(CO) CSL/19.11.2018 https://hcservices.ecourts.gov.in/hcservices/