2017 (1) TMI 634 - SCH - Income Tax

Accrual of income - Selection of year of assessment - tds liability - Cash system of accounting - Held that - As the petitioners prays to withdraw the special leave petitions and states that the petitioner had paid some tax in the subsequent years which now should become refundable and he would be moving an appropriate application for refund thereof. If permissible in law, the petitioner can do so. Insofar as this Court is concerned, nothing is observed on the merits of the aforesaid submissions. As prayed for, the special leave petitions are dismissed as withdrawn. See HC ref 2016 (8) TMI 329 - DELHI HIGH COURT

Summary

The Supreme Court dismissed the special leave petitions as withdrawn. The petitioner paid tax in subsequent years, now seeking a refund through an appropriate application. No observations made on the merits of the submissions.