2020 (3) TMI 974 - SCH - Income Tax

Privilege fee - whether is in the nature of revenue expenditure and deductible expenditure under Section 37(1)? - Excise duty addition to closing stock - applicably of provisions of section 145A - Addition on account of depositing the PF/ESI payment beyond the prescribed time - HELD THAT - Petitioner on instructions issued by the Department of Revenue, Ministry of Finance vide F.No.390/Misc./116/20l7-JC dated 22.08.2019, seeks permission to withdraw these special leave petitions along with pending applications therein due to low tax effect. Permission granted, subject to just exceptions. The special leave petitions and pending applications are dismissed as withdrawn, leaving question(s) of law open.

Summary

The Supreme Court of India allowed the petitioner to withdraw special leave petitions and pending applications due to low tax effect. The petitions and applications were dismissed as withdrawn, leaving questions of law open.