TaxTMI 
TaxTMI 
2018 (12) TMI 989
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....NANAM,J This appeal by the assessee under Section 260A of the Income Tax Act, 1961 (hereinafter called the Act) is directed against the order passed by the Income Tax Appellate Tribunal (for brevity, the Tribunal), Chennai 'B' Bench in ITA.No.622/Chny/2017 dated 19.7.2018 for the assessment year 2012-13. 2. This appeal has been filed raising the following substantial questions of law : ....
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....under Section 234C of the Act at Rs. 1,63,982/-. During the financial year 2011-12, the assessee company entered into a slump sale agreement dated 06.4.2011 with one M/s.Preeti Kitchen Appliances Private Limited to transfer its business on a slum sale basis. In terms of Clause 3.1 of the said agreement, the purchase price was agreed at Rs. 18,31,00,000/- and out of the said sum of Rs. 18,31,00,000....
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....07,388/-; and interest under Sections 234B and 234C of the Act. 5. As against the said order, the assessee filed an appeal before the Commissioner of Income Tax (Appeals) [for short, the CIT (A)]. However, the Appellate Authority, vide order dated 31.1.2017, confirmed the order passed by the Assessing Officer. The assessee carried the matter on further appeal to the Tribunal, which passed the imp....
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....nce, we may not be required to adjudicate the matter and decide the substantial questions of law raised, as the issues raised in this appeal have become academic. 8. We are supported by the decision of the Hon'ble Supreme Court in the case of CIT Vs. Excel Industries Limited [reported in (2013) 358 ITR 2015] wherein under similar circumstances, the appeals filed by the Revenue were dismissed.....