Commissioner Of Income Tax v. Shri Kamal Bhandari

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.440 of 2014 The Commissioner of Income Tax, Chennai ...Appellant Vs Shri.Kamal Bhandari

...Respondent

APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 21.10.2013 in ITA No.1068/Mds/2013 on the file of the Income Tax Appellate Tribunal Chennai 'C' Bench for the assessment year 2008-09.

For Appellant :

Mr.T.Ravikumar For Respondent :

No appearance 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 In the light of the above, the appeal is dismissed as withdrawn and the substantial question/questions of law framed https://hcservices.ecourts.gov.in/hcservices/

is/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.

Sd/- Assistant Registrar(CS VI) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'C' Bench.

2.The Commissioner of Income Tax, Chennai.

3.The Section Officer, VR Section, High Court, Madras.

+1cc to Mr.T.Ravikumar, Advocate sr.69617 TCA.No.440 of 2014 jp[co] srg 20/11/2018 https://hcservices.ecourts.gov.in/hcservices/