Tax, Chennai v. Shri P.r.manickam

In the High Court of Judicature at Madras Dated : 12.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.543 of 2013 The Commissioner of Income Tax, Chennai. Tax, Chennai. ...AppellantVsShri P.R.Manickam...RespondentPrayer: APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 01.3.2012 in IT(SS)A No.4/Mds/2009 onthe file of the Income Tax Appellate Tribunal Chennai 'C' Benchfor the block period 01.4.1985 to 31.3.1995 and 01.4.1995 to29.9.1995, against the order of the Deputy Commissioner ofIncome Tax, Central Circle II(1), Chennai-34, dated 31.12.2008made in assessment year 1986-87 to 1996-97.For Appellant : Mr.M.SwaminathanFor Respondent: Mr.Ashok Pathy forM/s.Pass 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/ 4. In the light of the above, the appeal is dismissed aswithdrawn and the substantial questions of law framed 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 V) //True Copy// Sub Assistant RegistrarTo1.The Income Tax Appellate Tribunal, Chennai 'C' Bench.2.The Deputy Commissioner of Income Tax,Central Circle II(1), Chennai-34.3.The Section Officer,VR Section,High Court, Madras.+1cc to Mr.M.Swaminathan, Advocate sr.no.70929TCA.No.543 of 2013mr(co)nr 09/11/2018