The Commissioner Of Income Tax, Chennai v. M/S.r.k.textiles, Karur

In the High Court of Judicature at Madras Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mr.Justice N.SATHISH KUMAR Tax Case Appeal No.344 of 2012 The Commissioner of Income Tax, Chennai...AppellantVsM/s.R.K.Textiles, Karur...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 20.4.2012 in ITA No.205/Mds/2012 on thefile of the Income Tax Appellate Tribunal Chennai 'A' Bench forthe assessment year 2007-08. Against the Order dated 16/11/2011 made in ITA.No. 361 of2009-10 on the file of the Commissioner of Income Tax (appeals)for the assessment Year 2007-08.Against the Order dated 30/12/2009 made in PAN AAAFR6620Hon the file of the Deputy commissioner of Income Tax Circle IIfor the Assessment Year 2007-08. For Appellant : Mrs.R.Hemalatha, SSC For Respondent : Mr.A.S.Sriraman for Mr.S.Sridhar JUDGMENTJudgment was delivered by T.S.SIVAGNANAM,J Heard the learned counsel for the appellant. 2. This appeal by the Revenue challenges the order passedby the 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 question of law framed is leftopen. In the event the tax effect is above the threshold limitfixed in the said circular under exceptional clauses mentionedin the circular, liberty is granted to the Revenue to make amention to this Court to restore the appeal to be heard anddecided on merits. No costs. Sd/-Assistant Registrar(CS-VI) //True Copy// Sub Assistant RegistrarTo1.The Income Tax Appellate Tribunal, Chennai 'A' Bench.2.The Commissioner of Income Tax (Appeals0, Chennai.3.The Deputy Commissioner of Income Tax, Circle – II, Chennai.+1cc to Mr.T.Ravi Kumar, Advocate, S.R.No. 82037+1cc to Mr.T.Ravi Kumar, Advocate, S.R.No. 81847TCA.No.344 of 2012RSV(CO)GN(21/12/2018)