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<h1>Petitioner Withdraws Special Leave Petition for Low Tax Effect</h1> <h3>COMMISSIONER OF INCOME TAX Versus UTV NEWS LTD.</h3> COMMISSIONER OF INCOME TAX Versus UTV NEWS LTD. - TMI The Supreme Court allowed the petitioner to withdraw the Special Leave Petition and pending applications due to low tax effect. The petition and applications were dismissed as withdrawn, leaving the question of law open.