The Commissioner Of Income Tax v. Mr.K.Ravi

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.736 of 2010 Commissioner of Income Tax-I, Coimbatore ...Appellant Vs Mr.K.Ravi

...Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 08.1.2010 in ITA No.2064/Mds/2008 on the file of the Income Tax Appellate Tribunal Chennai 'B' Bench for the assessment year 2006-07 as against the order of the Commissioner of Income Tax(Appeals)-I, Coimbatore dated 24/09/2008 in ITA No.31/08-09 for the Assessment Year 2006-07 as against the order passed by the Assistant Commissioner of Income Tax Circle II, Coimbatore dated 20/03/2008 in PAN/GIR NO.AAMPR6825J for the Assessment Year 2006-07. For Appellant :

Mr.T.R.Senthilkumar & Ms.K.G.Usharani For Respondent :

Mr.R.Venkata Narayanan for M/s.Subbaraya Aiyer Padmanabhan 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 In the light of the above, the appeal is dismissed as withdrawn and the substantial question of law framed is left https://hcservices.ecourts.gov.in/hcservices/

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 VI) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'B' Bench, Chennai.

2.The Commissioner of Income Tax(Appeals)-I, Coimbatore.

3.The Commissioner of Income Tax-I, Coimbatore.

4.The Assistant Commissioner of Income Tax Circle-II, Coimbatore.

5.The Assistant Registrar, Income Tax Appellate Tribunal IIIrd Floor, RajajiBhavan, Besant Nagar, Chennai.

+1cc to Mr.T.R.Senthilkumar, Advocate Sr.72173 +1cc to Mr.Subbaraya Aiyar, Advocate Sr.71636 TCA.No.736 of 2010 spd[co] srg 12/11/2018 https://hcservices.ecourts.gov.in/hcservices/