The Supreme Court In Cit v. Tulsyan Nec Ltd[[1
High Court
23 Jan 2012 In favour of: Revenue
Forum / Bench
High Court · taphc
Parties
The Supreme Court In Cit v. Tulsyan Nec Ltd[[1
Date of order
23 Jan 2012
Assessment year(s)
—
Outcome
Allowed
The order — as passed by the High Court
Case summary
In The Supreme Court In Cit v. Tulsyan Nec Ltd[[1, the High Court (2012) allowed the appeal. The decision went in favour of the Revenue.
Decision: In view of the above, the appeal is dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURAND
THE HON’BLE SHRI JUSTICE SANJAY KUMAR
ITTA No. 466 OF 2011
DATED:23-01-2012
Between:The Commissioner of Income Tax IV,Hyderabad
… Appellant
And
Liquors India Limited, 509, Topaz Building, Punjagutta, Hyderabad
… Respondent
THE HON’BLE THE CHIEF JUSTICE SHRI MADAN B. LOKURANDTHE HON’BLE SHRI JUSTICE SANJAY KUMAR
ITTA No. 466 OF 2011
JUDGMENT:(per the Hon’ble the Chief Justice Shri Madan B. Lokur)
1. The issue raised in this appeal under Section 260A of the IncomeTax Act, 1961 (for short ‘the Act’) is whether the Tribunal was correct inholding that before levying interest under Section 234B and 234C of theAct, minimum alternate tax credit should be allowed as advance taxpaid.
2. Learned counsel for the Revenue very frankly states that this issueis required to be decided against the Revenue in view of a decision of
the Supreme Court in CIT vs. Tulsyan NEC Ltd[[1]].
3. In view of the above, the appeal is dismissed.
MADAN B. LOKUR, CJ
SANJAY KUMAR, J
[1](2011) 339 ITR 226 (SC)
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.
EaseValue