Tca/312/2013 Of Commissioner Of Income Tax v. K.inbasagaran

In the High Court of Judicature at MadrasDated : 26.10.2018Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal Nos.312 & 313 of 2013The Commissioner of IncomeTax, Chennai...Appellant /RespondentVsK.Inbasagaran...Respondent/Appellant APPEALS under Section 260A of the Income Tax Act, 1961against the common order dated 31.5.2012 respectively in ITANos.814 & 815/Mds/2009 on the file of the Income Tax AppellateTribunal Madras 'D' Bench for the assessment years 1994-95 and1995-96. For Appellant : Mr.T.R.Senthilkumar & Ms.K.G.UsharaniFor Respondent : Mr.A.S.SriramanCOMMON 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 is https://hcservices.ecourts.gov.in/hcservices/ above 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(CCC) //True Copy// Sub Assistant RegistrarToThe Income Tax Appellate Tribunal, Madras 'D' Bench.+1cc to Mr.T.R.Senthil Kumar, Advocate sr.73314+1cc to Mr.S.Sridhar, Advocate sr.74540TCA.Nos.312 & 313 of 2013sr[co]srg 27/11/2018