Tca/443/2012 Of Commissioner Of Income Tax v. V.k.rajendran

IN THE HIGH COURT OF JUDICATURE AT MADRAS THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAMAND THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN TAX CASE APPEAL NO.443 OF 2012 The Commissioner of Income Tax, Chennai APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 25.7.2012 in ITA No.823/Mds/2011 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2005-06. 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. 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. Assistant Registrar(CS VIII) rs To 1.The Income Tax Appellate Tribunal, Chennai 'B' Bench. 2.The Commissioner of Income Tax, Trichy 3.The Deputy Commissioner of Income Tax-Circle II, Trichy. Copy To The Assistant Registrar, Income Tax Appellate Tribunal, IIIrd Floor, No.90, Besant Nagar,Chennai-90Chennai-90 +1cc to Mr.Quadir Hoseyn, Advocate, S.R.No.70751 TCA.No.443 of 2012 RJ(Co) CS/01/11/2018