The Commissioner Of Income Tax, Salem v. M/S.velathal Spinning Mills (P) Ltd., Pallipalayam

In the High Court of Judicature at Madras Dated : 09.10.2018 Coram : The Honourable Mr.Justice T.S.SIVAGNANAM and The Honourable Mrs.Justice V.BHAVANI SUBBAROYAN Tax Case Appeal Nos.20 & 21 of 2012 The Commissioner of Income Tax,Salem. ...AppellantVsM/s.Velathal Spinning Mills (P) Ltd.,Pallipalayam-638006. ...Respondent APPEALS under Section 260A of the Income Tax Act, 1961 against the common order dated30.6.2011 in ITA Nos.2082 and 2083/Mds/2010 on the file of the Income Tax Appellate TribunalMadras 'D' Bench respectively for the assessment years 2005-06 and 2006-07. For Appellant : Mr.T.R.Senthilkumar For Respondent : Mr.S.Sivanandam 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 order passed by the Income Tax AppellateTribunal, which decided the issue in favour of the assessee. (2) T.S.SIVAGNANAM,J AND V.BHAVANI SUBBAROYAN,J RS 3. The Revenue seeks to withdraw the appeals on account of low tax effect in terms of Circular No.3of 2018 dated 11.7.2018 issued by the Central Board of Direct Taxes.4. In the light of the above, the appeals are dismissed as withdrawn and the substantial questions of law framed are left open. In the event, in each of the cases, the tax effect is above the threshold limitfixed in the said circular, liberty is granted to the Revenue to make a mention to this Court to restorethe appeals to be heard and decided on merits. No costs. (T.S.S.J.) (V.B.S.J.) 09.10.2018 Speaking (or) Non Speaking Order Index : Yes (or) NoInternet : Yes (or) No To The Income Tax Appellate Tribunal, Madras 'D' Bench. TCA.Nos.20 & 21 of 2012