2021 (9) TMI 1514

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....Counsel For the Respondent: Mr.R.Vijayaraghavan for M/s.Subbaraya Aiyar Padmanabhan JUDGMENT This Tax Case Appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961, ("the Act" for brevity) is directed against the order dated 19.05.2016, passed by the Income Tax Appellate Tribunal, Madras "D" Bench, ("the Tribunal" for brevity), in I.T.A.No.1742/Mds/2014 for the Assessmen....

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....80IB on the same profits?" 3.We have heard Mr.T.Ravikumar, learned Senior Standing Counsel, appearing for the appellant/Revenue and Mr.R.Vijayaraghavan, learned counsel for M/s.Subbaraya Aiyar Padmanabhan, learned counsel for the respondent/assessee. 4.It is not disputed before us that the above substantial questions of law were considered by the Hon'ble Supreme Court in the case of Assi....

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....he view that it would be unnecessary to keep this appeal pending before this Court, instead of which, the matter can be restored to the file of the Assessing Officer, so as to enable him to await the decision of the larger Bench of the Hon'ble Supreme Court in the reference made in Micro Labs Ltd. (supra). 7.For such reason, this Tax Case Appeal is allowed and the order passed by the Tribun....