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| The Tax Publishers2020 TaxPub(DT) 0111 (SC) : (2020) 268 TAXMAN 0329 Income Tax Act, 1961
Section 261 Section 143(3)
Where the Department preferred SLP to appeal against the judgment of Karnataka High Court in Manipal Sowbhagya Nidhi Ltd. v. Dy. CIT [IT Appeal Nos. 373-374 of 2013, dt. 10-12-2018] : 2020 TaxPub(DT) 556 (Karn-HC), whereby the High Court held that Income Tax Appeal in Manipal Sowshagya Nidhi Ltd. v. Asstt. CIT [Income Tax Appeal No.99 of 2009, dt. 10-12-2018] was disposed off by order of even date on the same ground. Hence, following the said judgment the substantial question of law was answered in favour of the assessee, the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Scrutiny assessment - Claim of waiver of principal component of deposit and debentures
Department preferred SLP to appeal against the judgment of Karnataka High Court in Manipal Sowbhagya Nidhi Ltd. v. Dy. CIT [IT Appeal Nos. 373-374 of 2013, dt. 10-12-2018] : 2020 TaxPub(DT) 556 (Karn-HC), whereby the High Court held that Income Tax Appeal in Manipal Sowshagya Nidhi Ltd. v. Asstt. CIT [Income Tax Appeal No.99 of 2009, dt. 10-12-2018] was disposed off by order of even date on the same ground. Hence, following the said judgment the substantial question of law was answered in favour of the assessee. Held: The Supreme Court dismissed the SLP.
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