Principal Commissioner v. S.I.Karthi

IN THE HIGH COURT OF JUDICATURE AT MADRAS

Dated: 21/6/2016 C O R A M The Honourable Mr.Justice S.Manikumar and The Honourable Mr.Justice D.Krishnakumar Tax Case Appeal No.391 of 2016 The Principal Commissioner of Income Tax Central Circle II No.108 Nungambakkam High Road Chennai 600 034.

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Appellant vs Mr.S.I.Karthi ... Respondent Prayer:

Appeal filed against the order of the Income Tax Appellate Tribunal, Madras 'B' Bench, Chennai dated 30/6/2015 in ITA No.1947/Mds/2014 against the Commissioner of Income Tax(A) (C)-II against the Common order Passed by CIT (Appeals) in ITA Nos.202 & 204/11-12 dated 26.03.2014 for the assessment years 2008-09 and 2010-11 and against the order of the Assistant Commissioner of Income Tax, Central Circle II (5) Chennai dated 23.12.2011 for the assessment Year 2008-2009. For appellant : Mr.T.R.Senthil Kumar Senior Standing Counsel for Income Tax.

J U D G M E N T

(Judgment of the Court was made by S.Manikumar,J) This Appeal has been filed against the order of the Income Tax Appellate Tribunal, 'B' Bench, Madras, dated 30/6/2015.

2. The substantial question of law raised in the instant appeal is:- "Whether on the facts and in the circumstances of the case, the Income Tax https://hcservices.ecourts.gov.in/hcservices/

Appellate Tribunal was right in holding that the amount received as advance as per the agreements entered into by the assessee with different film producers, promising to render professional services were not taxable as income, even though the assessee was following cash system of accounting?"

3. Mr.T.R.Senthil Kumar, learned Senior Standing Counsel for Income Tax submitted that the tax implication in the instant appeal is less than the ceiling limit fixed by the Circular bearing No.21 of 2015, dated 10/12/2015. He further submitted that as per the Circular, Tax Case Appeals have been instructed to be withdrawn, subject to the matters covered under the circular and there is no audit objection also.

4. Placing on record the above submissions, while dismissing the Tax Case Appeal No.391 of 2016, as withdrawn, substantial question of law raised is left open. No costs. Sd/- Assistant Registrar(CS V) //True Copy// Sub Assistant Registrar mvs.

To 1.The Commissioner of Income Tax, New No.46 (Old No.108) Mahatma Gandhi Road, Chennai 600 034.

2.The Assistant Commissioner of Income Tax, central Circle II (5) i/C Chennai.

3.The Income Tax Appellate Tribunal, Madras 'B' Bench, Chennai.

+1cc to Mr.T.R.Senthil Kumar, Advocate Sr.34535 Tax Case Appeal No.391 of 2016 mp[co] srg 25/07/2016 https://hcservices.ecourts.gov.in/hcservices/