Commissioner Of Income Taxchennai v. M/S Saipem Aban Drilling Co Pvt Ltdjanpriya Crest96, Pantheon Roadegmore, Chennai 600 008

TCA No.88 of 2013 IN THE HIGH COURT OF JUDICATURE AT MADRASDATED: 07.08.2025 CORAM THE HON'BLE MR.MANINDRA MOHAN SHRIVASTAVA, CHIEF JUSTICEAND THE HON'BLE MR.JUSTICE SUNDER MOHAN TCA No.88 of 2013 Commissioner of Income TaxChennai.. Appellant -vs- M/s Saipem Aban Drilling Co Pvt LtdJanpriya Crest96, Pantheon RoadEgmore, Chennai 600 008.. Respondent Appeal filed under Section 260A of the Income Tax Act, 1961, against the order dated 31.05.2012 passed in ITA No.543/Mds/2011 on the file of the Income Tax Appellate Tribunal, Madras “D” Bench, Chennai for the Assessment Year 2005-06. For Appellant: Mr.J.NarayanaswamySenior Standing CounselFor Respondent : Ms.Sonali for Mr.S.P.Chidambaramthrough VC Page 1 of 4 TCA No.88 of 2013 JUDGMENT (Judgment of the Court was made by the Chief Justice) Heard learned counsel for the appellant/Revenue. Ms.Sonali for Mr.S.P.Chidambaram appears for the respondent/Assessee through VC. 2. At the outset, learned counsel for the Revenue fairly submits that it is a case having low tax effect. Therefore, in view of the Circular No.05/2024 dated 15.03.2024 and Circular No.09/2024, dated 17.09.2024, issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, Government of India, the appellant/Revenue does not wish to proceed with the matter, though the question of law proposed may be kept open for consideration in appropriate case. 3. Placing on record such submission, the appeal stands dismissed. There shall be no order as to costs. (MANINDRA MOHAN SHRIVASTAVA, CJ.) (SUNDER MOHAN, J.) 07.08.2025 Index: Yes/NoNeutral Citation: Yes/Noss Page 2 of 4 To 1. The Income Tax Appellate Tribunal Madras 'D' Bench, Chennai Madras 'D' Bench, Chennai 2. The Commissioner of Income Tax Chennai Chennai Page 3 of 4 TCA No.88 of 2013 Page 4 of 4 TCA No.88 of 2013THE HON'BLE CHIEF JUSTICE AND SUNDER MOHAN, J. ss TCA No.88 of 2013 07.08.2025