The Commissioner Of Income Tax, Chennai v. Shri Kumar Rajaram

In the High Court of Judicature at Madras Dated : 26.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal No.148 of 2016 The Commissioner of Income Tax,Chennai ...Appellant VsShri Kumar Rajaram...Respondent APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 17.7.2015 in ITA No.1067/Mds/2015 on thefile of the Income Tax Appellate Tribunal Chennai 'C' Bench forthe assessment year 2012-13 against the order dated 27/02/15 inITA.No.64 CIT(A)-16/2014-2015 on the file of the Commissioner ofIncome Tax (Appeals)-16 for the Assessment year 2012-2013against the order dated 25.09.2014 in PA.No./GIR.No.BDWPR44-73Gon the file of the Income Tax Officer International Taxation II(1), Chennai 34.For Appellant : Mr.Karthik Ranganathan & Mr.S.RajeshFor Respondent : Mr.R.Kumar 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 IX) //True Copy// Sub Assistant Registrar To1.The Income Tax Appellate Tribunal, Chennai 'C' Bench., Chennai2.The Commissioner of Income Tax, Chennai3.The Commissioner of Income Tax Appeals-16, Chennai4.The Income Tax Officer, International Taxation II(1), Chennai-34+1cc to MR.T.N.Seetharaman, Advocate SR.NO.74538VBA(CO)sm:19.11.2018TCA.No.148 of 2016