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2024 (5) TMI 234 - SCH - Income TaxValidity of order passed by the Settlement Commission - Revenue submits that the Settlement Commission has wrongly allowed deductions u/s 80-IA (4) as the returns were filed after the period prescribed by law - As decided by HC 2019 (7) TMI 2019 - MADHYA PRADESH HIGH COURT contention of petitioner that the Settlement Commission has wrongly allowed deductions under Section 80- IA (4) of the Act, without taking into consideration the aspect of delay, has no merit and does not survive for either being raised or adjudicated. HELD THAT - We are not inclined to interfere with the impugned judgment passed by the High Court. Hence, the Special Leave Petition is dismissed.
Title: Supreme Court of India dismisses Special Leave Petition
Judges: Mr. Justice Pamidighantam Sri Narasimha and Mr. Justice Aravind Kumar Petitioner's Counsel: Mr. K M Natraj, Ms. Swarupma Chaturvedi, Ms. Aakansha Kaul, Mr. Mukul Singh, Mr. Alabhaya Dhamija, Mr. Vatsal Joshi, Mr. Raj Bahadur Yadav Respondent's Counsel: Mr. Sumit Nema, Mr. Harsh Parashar, Mr. Piyush Parashar, Mr. Gagan Tiwari, Mr. Chanakya Sharma, Mr. Arun Dwivedi Decision: The Supreme Court declines to interfere with the High Court's judgment and dismisses the Special Leave Petition. Any pending applications are disposed of.
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