2018 (10) TMI 1996 - SCH - Income Tax

Non-allowability of deduction on account of investment in subsidiary company written off - as argued by learned Additional Solicitor General that the Order of the High Court is non-speaking inasmuch as it has not given its own reasons. HELD THAT - Issue notice returnable in three weeks. This Court shall also decide on the next date of hearing whether the case should be sent back to the High Court for reconsideration

Summary

The Supreme Court of India in 2018 (10) TMI 1996 - SC Order, with Hon'ble Mr. Justice A.K. Sikri and Hon'ble Mr. Justice Ashok Bhushan presiding, condoned the delay. The Order of the High Court was deemed non-speaking as it lacked reasons. Notice was issued, returnable in three weeks, and the Court will decide whether to send the case back to the High Court for reconsideration.