The Commissioner Of Income Tax, Chennai v. Shri.k.kodiarasan

The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN The Commissioner of Income Tax, Chennai...Appellant/Respondent Vs Shri.K.Kodiarasan...Respondent/Appellant APPEAL under Section 260A of the Income Tax Act, 1961against the order dated 19.6.2015 in ITA No.1847/Mds/2014 on thefile of the Income Tax Appellate Tribunal Chennai 'B' Bench forthe assessment year 2006-07 against the order of theCommissioner of Income Tax (appeals)V, 2[nd] floor, Main Building,121, Mahathma Gandhi Road, Nungambakkam, Chennai 34 order dated25.02.2014 and made in I.T.A. No. 327/08-09(A)V for theassessment year 2006-2007 and against the order of the DeputyCommissioner of Income Tax, Circle XIV, Chennai 34 order dated31.12.2008 and made in P.A.No/GIR. No.AAHPK8834B for theassessment year 2006-2007. For Appellant : Mr.T.Ravikumar, SSCFor Respondent : Mr.R.Sivaraman 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. s/d- Assistant Registrar(CO) True Copy Sub-Assistant Registrar To 1.The Income Tax Appellate Tribunal, Chennai 'B' Bench., Chennai. 2. The Commissioner of Income Tax (appeals)V, 2[nd] floor, Main Building, 121, Mahathma Gandhi Road, Nungambakkam, Chennai 34 3. The Deputy Commissioner of Income Tax, Circle XIV, Chennai 34. 4. The Commissioner of Income Tax, Chennai TCA.No.348 of 2016RV(CO)SP(29/11/2018)