2025 (3) TMI 1289 - SCH - Income Tax

Allowability of broken period interest - HC 2018 (4) TMI 523 - BOMBAY HIGH COURT concluded issue against the Revenue - petitioner(s) submitted that the issues raised in these petitions are covered by the order of this Court in Bank of Rajasthan Ltd. vs. Commissioner of Income Tax 2024 (10) TMI 875 - SUPREME COURT HELD THAT - Following the aforesaid order these Special Leave Petitions also stand dismissed.

Summary

**Supreme Court Judgment Summary:**In the case before the Supreme Court, presided over by Hon'ble Mrs. Justice B. V. Nagarathna and Hon'ble Mr. Justice K. V. Viswanathan, the petitioner was represented by Mr. N Venkatraman, A.S.G., and other legal counsel, while the respondent was represented by Mr. Jehangir Mistry, Sr. Adv., and his team.The primary legal issue raised in these petitions was determined to be "covered by the order of this Court in Bank of Rajasthan Ltd. vs. Commissioner of Income Tax [2024 SCC Online SC 2877]." Consequently, the Special Leave Petitions were dismissed in accordance with the precedent set by the aforementioned case. Additionally, any pending applications related to these petitions were ordered to be disposed of.