2014 (3) TMI 297 - SCH - Income Tax

Application for Restoration - Held that - Assessee as well as Revenue agreed for setting aside the earlier order passed by the HC 2014 (3) TMI 240 - DELHI HIGH COURT and AAR 2013 (12) TMI 1118 - AUTHORITY FOR ADVANCE RULINGS, NEW DELHI thus, the earlier order is set aside and the matter remitted back to the AAR for fresh adjudication.

Summary

The Supreme Court granted leave in the case and set aside the impugned order dated 14.08.2012. The case is restored to the Authority for fresh ruling in accordance with the law. Civil Appeals are disposed of with no order as to costs.