Commissioner Of Income Tax v. V.K.Rajendran

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.443 OF 2012 The Commissioner of Income Tax, Chennai ...Appellant Vs V.K.Rajendran

...Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 25.7.2012 in ITA No.823/Mds/2011 on the file of the Income Tax Appellate Tribunal Chennai 'B' Bench for the assessment year 2005-06.

For Appellant :

Mr.T.Ravikumar For Respondent :

Mr.Quadir Hoseyn 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 In the light of the above, the appeal is dismissed as withdrawn and the substantial questions of law framed are left open.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 rs https://hcservices.ecourts.gov.in/hcservices/

To 1.

The Income Tax Appellate Tribunal, Chennai 'B' Bench. 2.

The Commissioner of Income Tax, Trichy 3.

The Deputy Commissioner of Income Tax-Circle II, Trichy. Copy To The Assistant Registrar, Income Tax Appellate Tribunal, IIIrd Floor, No.90, Besant Nagar, Chennai-90 +1cc to Mr.Quadir Hoseyn, Advocate, S.R.No.70751 TCA.No.443 of 2012 RJ(Co) CS/01/11/2018 https://hcservices.ecourts.gov.in/hcservices/