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TMI Blog2018 (8) TMI 1557X X X X Extracts X X X X X X X X Extracts X X X X ..... Respondent : Mr.T.Vasudevan JUDGMENT [ Delivered by T. S. Sivagnanam, J. ] Heard Mr.T.R.Senthil Kumar, learned Senior Standing Counsel assisted by M/s.K.G.Usha Rani, learned Junior Standing Counsel for the appellant and Mr.T.Vasudevan, learned counsel for the respondent. 2.This appeal has been filed challenging the order passed by the Income-tax Appellate Tribunal 'D' Bench, Chennai da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he substantial question of law framed in the light of low tax effect in the present appeal. This issue was considered by this Court in the case of Commissioner of Income Tax vs. N.Meenakshisundaram in T.C.(A) Nos.868 & 869 of 2008 dated 23.04.2018, by taking note of the Circular Instructions issued by the Central Board of Direct Taxes (CBDT) and also taking note of the submissions of the Revenue, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C.B.D.T. is applicable to all pending proceedings which have not attained finality under Section 269 I of the Act as defined in the explanation to the said Section. ........................... 14. Therefore, the Circular has to be understood as part of the litigation policy of the Government of India to reduce the litigation and to bring down the number of Appeals, which are pending bef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... we compel the learned counsel to withdraw the Appeal. 16. Having held that the Circular issued by CBDT is applicable to the case on hand and the tax effect being less than the threshold limit prescribed in the Circular, we dismiss the present Appeal by applying the law laid down by the Hon'ble Supreme Court, in Surya Herbal Ltd., case (supra), as the two caveats mentioned thereunder does no ..... X X X X Extracts X X X X X X X X Extracts X X X X
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