2009 (1) TMI 858 - SC - Income Tax

Summary

Issues involved: Delay condonation, Special Leave Petitions, Amendment of cause title, Applicability of judgment in CIT vs. Ramaraju Surgical Cotton Mills.

Delay Condonation: The Supreme Court condoned the delay and granted leave in the Special Leave Petitions.

Amendment of Cause Title: The applications for amendment of cause title were allowed by the Court.

Applicability of Judgment: The Court noted that the matter is covered by the judgment of the Division Bench in CIT vs. Ramaraju Surgical Cotton Mills. Accordingly, the appeals were accepted and remitted to CIT(Appeals) for disposal in accordance with the law and directions given in the aforementioned judgment. No order was passed as to costs.