Commissioner of Incometax 2 v. M/S. Gemini Communication Ltd.
Case brief
What is this about?
Madras HC TCA No. 723 of 2016, decided 09.09.2025; Commissioner of Income-tax 2 (appellant/Revenue) vs Gemini Communication Limited (respondent/assessee); appeal under Section 260A of the Income-tax Act, 1961 against ITAT Madras “C” Bench order dated 18.3.2016 in ITA.No.1933/Mds/2015; dismissed at the outset as a low tax effect case in view of CBDT Circular No.05/2024 dated 15.03.2024 and Circular No.09/2024 dated 17.09.2024; questions of law kept open for consideration in an appropriate matter; no order as to costs; bench: Manindra Mohan Shrivastava, Chief Justice (author) and G. Arul Murugan, J; advocates: Mr. T. Ravi Kumar, Senior Standing Counsel for the Revenue; M/s. Surabi Puhazhendi for the assessee.
What did the court decide?
Learned counsel for the Revenue fairly submitted that it is a case having low tax effect and, in view of CBDT Circulars No.05/2024 dated 15.03.2024 and No.09/2024 dated 17.09.2024 issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, the appellant/Revenue does not wish to proceed with the matter.