The Commissioner Of Income Tax, Business Circle Xii, Chennai v. M.karthikeyan

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 12.10.2018 CORAM : THE HONOURABLE MR.JUSTICE T.S.SIVAGNANAMAND THE HONOURABLE MRS.JUSTICE V.BHAVANI SUBBAROYAN TAX CASE APPEAL NOS.116 & 117 OF 2011 The Commissioner of Income Tax, Business Circle XII, Chennai ...Appellant Vs M.Karthikeyan...Respondent APPEALS under Section 260A of the Income Tax Act, 1961against the common order dated 22.5.2009 in ITA Nos.1746 and1747/Mds/2008 on the file of the Income Tax Appellate TribunalMadras 'C' Bench respectively for the assessment years 1997-98and 1999-2000. For Appellant : Mr.T.Ravikumar, SSC 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 question/questions of law framedis/are left open. In the event, in each of the cases, the taxeffect is above the threshold limit fixed in the said circular,liberty is granted to the Revenue to make a mention to this https://hcservices.ecourts.gov.in/hcservices/ Court to restore the appeals to be heard and decided on merits.No costs. Sd/- Assistant Registrar(CS IX) //True Copy// Sub Assistant RegistrarRSTo1.The Income Tax Appellate Tribunal,Madras 'C' Bench.2.The Commissioner of Income Tax,Business Circle-XII,Chennai+1cc to Mr.T.Ravikumar, SSC, Advocate, S.R.No.70835+1cc to Mr.A.S.Sriraman, Advocate, S.R.No.71010TCA.Nos.116 & 117 of 2011NRI(CO)CS/04/12/2018