Commissioner Of Income Tax-I, Tiruchirapalli v. M/S.the Standard Textiles, Karur

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 Nos.604 & 605 of 2010 Commissioner of Income Tax-I, Tiruchirapalli ...Appellant Vs M/s.The Standard Textiles, Karur...Respondent APPEALS under Section 260A of the Income Tax Act, 1961against the common order dated 23.10.2009 in ITA Nos.2003 and2004/Mds/2008 on the file of the Income Tax Appellate TribunalMadras 'B' Bench respectively for the assessment years 2002-03and 2004-05, against the order of the Commissioner of Income Tax(Appeals) Tiruchirapalli in ITA No.169/07-08 Dated 7-8-2008 forthe Assessment Year 2002-2003, against the order of the Commissioner of Income Tax(Appeals) Tiruchirapalli made in ITA 584/06-07 dated 7-8-2008for the assessment year 2004-2005, against the order of the Deputy Commissioner of Income TaxCircle-II, Tiruchirappalli made in PAN/GIR No.AAAF71844M Dated21.11.2007 for the assessment Year 2002-03, against the order of the Deputy Commissioner of Income Tax,Circle -II, Tiruchirappalli made in PAN/GIR No.AAAF71844M dateof order 11-12-2006 for the assessment year 2004-2005.For Appellant : Mr.T.Ravikumar For Respondent : Mr.A.S.Sriraman COMMON JUDGMENT (Judgment was delivered by T.S.SIVAGNANAM,J) Heard the learned counsel for the appellant. 2. These appeals by the Revenue challenge the common orderpassed by the Income Tax Appellate Tribunal, which decided theissue in favour of the assessee. 3. The Revenue seeks to withdraw the appeals on account oflow tax effect in terms of Circular No.3 of 2018 dated 11.7.2018issued by the Central Board of Direct Taxes. 4. In the light of the above, the appeals are dismissed aswithdrawn and the substantial questions of law framed are leftopen. In the event, in each of the cases, the tax effect isabove the threshold limit fixed in the said circular, liberty isgranted to the Revenue to make a mention to this Court torestore the appeals to be heard and decided on merits. No costs. Sd/- Assistant Registrar(CS IX) //True Copy// Sub Assistant Registrar To 1.The Income Tax Appellate Tribunal, Madras 'B' Bench. Madras 'B' Bench. 2.The Deputy Commissioner of Income Tax Circle-II, Tiruchirappalli. Tiruchirappalli. 3.The Commissioner of Income Tax (Appeals), Tiruchirapalli. Tiruchirapalli. 4.The Commissioner of Income Tax-I, Tiruchirappalli. Tiruchirappalli. 5.The Section Officer, VR Section, High Court, Madras. +1cc to Mr.S.Sridhar, Advocate Sr.72181+2cc to Mr.T.Ravikumar, Advocate Sr.72215, 72216 TCA.Nos.604 & 605 of 2010 ak[co]srg 15/11/2018