| Case ID |
26206b39-4d4d-4b58-95fe-70f9f4446f69 |
| Body |
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| Case Number |
Civil Appeal Nos. 3461,3463,3465 & 3466 of 2010, 8 |
| Decision Date |
Sep 10, 2014 |
| Hearing Date |
|
| Decision |
The Supreme Court of India, in its decision, addressed the appeals brought forth by the Commissioner of Income Tax concerning the interpretation of tax laws as applied in previous judgments. The court dismissed the civil appeals, affirming the High Court's application of the precedent set in Tata Iron and Steel Co. Ltd. v. State of Bihar. The court found that the High Court had correctly applied the legal principles established by the six-judge Bench of this court in the referred case. The dismissal was made with no order as to costs, indicating that the parties bore their own expenses in the appeals. |
| Summary |
This case revolves around the appeals filed by the Commissioner of Income Tax challenging the judgments made by the High Court. The Supreme Court examined the legal precedents cited, particularly focusing on the case of Tata Iron and Steel Co. Ltd. v. State of Bihar, which established important principles regarding tax law interpretation. The court's decision to dismiss the appeals underscores the importance of adhering to established legal precedents and the High Court's correct interpretation of these laws. The ruling serves as a significant reference point for future tax-related cases, highlighting the necessity for clarity in the application of tax laws and the implications of judicial decisions on tax assessments. This case contributes to the broader discourse on tax law, emphasizing the need for consistent application of legal principles across similar cases. Legal practitioners and scholars will find this case relevant for understanding the interplay between judicial interpretations and tax regulations, as well as its impact on future litigations in tax matters. |
| Court |
Supreme Court of India
|
| Entities Involved |
Not available
|
| Judges |
R.M. LODHA, CJI,
KURIAN, JOSEPH,
ROHINTON FALI NARIMAN, JJ
|
| Lawyers |
V. Shekhar, Senior Advocate,
D.L. Chidanand,
Vikas Malhotra,
Ms. Anil Katiyar, Advocates for the Appellant,
V.P. Gupta,
Jagdish Kumar Chawla,
Sudeep Dey,
Prem Prakash,
Naveen Kumar, Advocates for the Respondent
|
| Petitioners |
Commissioner of Income Tax
|
| Respondents |
V. Shekhar,
D.L. Chidanand,
Vikas Malhotra,
Ms. Anil Katiyar
|
| Citations |
2014 SLD 1891,
(2014) 368 ITR 720
|
| Other Citations |
Tata Iron and Steel Co. Ltd. v. State of Bihar [1963] 48 ITR 123 (SC)
|
| Laws Involved |
Not available
|
| Sections |
Not available
|