2009 (10) TMI 498

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.... Das, Advocates, with him) for the respondent. JUDGMENT 1. Leave granted. 2. These appeals are directed against the order passed by the Madras High Court in several tax appeal cases where the question involved was with regard to the deduction available to the appellants under section 10(10C) of the Income-tax Act, 1961. The order of the Commissioner (Appeals)-IV, Chennai, relating to the assess....

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..... 3. During the course of hearing of these appeals, it was brought to our notice that by the subsequent letter dated 8-5-2009, issued by the Central Board of Direct Taxes, it was indicated that the matter had been reviewed on the basis of the judgment of the Bombay High Court dated 4-7-2008, in the case of CIT v. Koodathil Kallyatan Ambujakshan [2009] 309 ITR 113 (Bom.) and it was held that amoun....