2011 (7) TMI 1174 - SCH - Income Tax

Summary

The Supreme Court allowed the civil appeals, set aside the High Court's order as perfunctory, and remitted the case for fresh consideration. The case involved examining facts related to understated rent, interest-free deposits, bank guarantees, tax evasion, and sham arrangements. The judgment was in favor of the appellant. (Citation: 2011 (7) TMI 1174 - SC Order)