Commissioner Of Income Tax v. N. Ravikumar
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.705 of 2017 The Commissioner of Income Tax, Madurai ..Appellant/Appellant Vs Shri.N.Ravikumar ..Respondent/Respondent APPEAL under Section 260A of the Income Tax Act, 1961 against the order dated 18.12.2015 in ITA No.2351/Mds/2012 on the file of the Income Tax Appellate Tribunal Chennai 'B' Bench for the assessment year 2009-10 against the order of the Commissioner of Income Tax (Appeals) II, Madurai dated 09.08.2012, made in PAN.ADJPN 0403 A, and against the order of the Assistant Commissioner of Income Tax, Central circle-I, Madurai, dated 31.12.2010, made in PAN:ADJPN 0403A/CC-I/MDU. For Appellant :
Mr.T.R.Senthilkumar & Ms.K.G.Usharani 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.
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4. In the light of the above, the appeal is dismissed as withdrawn and the substantial questions of law raised are left open.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(co) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'B' Bench. Chennai 2.The Commissioner of Income Tax (Appeals)II, Madurai 3.The Assistant Commissioner of Income Tax, Central Circle I, Madurai 4.The Commissioner of Income Tax, Madurai +1cc to Mr.T.R.Senthilkumar, Advocate SR.NO.72164 BR(CO) sm:20.11.2018 TCA.No.705 of 2017 https://hcservices.ecourts.gov.in/hcservices/