Commissioner Of Income Tax v. A.Ramachandran

In the High Court of Judicature at Madras Dated : 10.10.2018 Coram :

The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.577 of 2016 The Commissioner of Income Tax, Coimbatore ...Appellant Vs Shri A.Ramachandran

...Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 18.8.2014 in ITA No.539/Mds/2013 on the file of the Income Tax Appellate Tribunal Chennai 'B' Bench for the assessment year 2008-09, against the order of the Commissioner of Income Tax(A)-I, Coimbatore, dated 10/01/2013 made in Appeal No.76/10-11, and against the proceedings of the Assistant Commissioner of Income-Tax Circle II, Coimbatore, dated 30/06/2011, made in PAN No.AFEPR6590.

For Appellant : Mr.T.R.Senthilkumar and 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 In the light of the above, the appeal is dismissed as withdrawn and the substantial question of law framed is left open. In the event the tax effect is above the threshold limit fixed in the said circular, liberty is granted to the Revenue to https://hcservices.ecourts.gov.in/hcservices/

make a mention to this Court to restore the appeal to be heard and decided on merits. No costs.

Sd/- Assistant Registrar(CCC) //True copy// Sub Assistant Registrar RS To

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

2. The Commissioner of Income Tax (A)-1, Coimbatore.

3. The Assistant Commissioner of Income-Tax, Circle II, Coiombatore.

+1cc to Mr.T.R.Senthilkumar, Advocate SR.No.70775 +1cc to Mr.Subbaraya Aiyar, Advocate SR.No.70761 TCA.No.577 of 2016 EV(CO) GMY(14/11/2018) https://hcservices.ecourts.gov.in/hcservices/