Principal Commissioner Of Income Tax-2, Coimbatore v. Mr.jayaraman Rajshekar

In the High Court of Judicature at Madras Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.469 of 2017 Principal Commissioner of Income Tax-2, Coimbatore...AppellantVsMr.Jayaraman Rajshekar...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 25.1.2017 in ITA No.846/Mds/2016 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2011-12 against the order dated 27.1.2016made in ITA.No.66/2014-15-1, passed by the Commissioner ofIncome Tax (Appeals)-3, Coimbatore and against the order dated31.3.2014 passed by the Income Tax Officer, ward III (1),Coimbatore City, for the assessment year 2011-12. For Appellant : Mr.T.R.Senthilkumar & Mrs.K.G.Usharani For Respondent: Mr.Niranjan Rajagopalan for M/s.G.R.Associates 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 bythe Income Tax Appellate Tribunal, which decided the issue infavour of the assessee. 3. The Revenue seeks to withdraw the appeal on account oflow tax effect in terms of Circular No.3 of 2018 dated 11.7.2018issued by the Central Board of Direct Taxes. https://hcservices.ecourts.gov.in/hcservices/ RS 4. In the light of the above, the appeal is dismissed aswithdrawn and the substantial questions of law raised are leftopen. In the event the tax effect is above the threshold limitfixed in the said circular, liberty is granted to the Revenue tomake a mention to this Court to restore the appeal to be heardand decided on merits. No costs. Sd/- Assistant Registrar(CS-IX) //True Copy// Sub Assistant RegistrarTo1. The Income Tax Appellate Tribunal, Chennai 'B' Bench.2. The Commissioner of Income Tax (Appeal)-3,Coimbatore.3. The Income Tax Officer, Ward-III(1), Coimbatore City.+ 1 cc to M/s. T.R. Senthilkumar, Advocate Sr.72319+ 1 cc to M/s. G.R. Associates, Advocate Sr.72791TCA.No.469 of 2017SAI(CO)EU(16/11/2018)