(A.M. Khanwilkar, Dinesh Maheshwari and C.T. Ravikumar, JJ.)
Steel and Industrial Forgings Ltd. ______________________ Appellant;
v.
Deputy Commissioner of Income Tax ________________ Respondent.
Civil Appeal No. 2845 of 2010, decided on September 21, 2021
The Order of the court was delivered by
Order
1. Heard learned counsel for the parties.
2. It is common ground that the issue raised in this appeal is squarely answered by this Court on 24.03.2015 in Commissioner of Income Tax, Gauhati v. Sati Oil Udyog Ltd., reported in (2015) 7 SCC 304.
3. As the fact situation is similar, it is urged that this appeal may be disposed of on the same terms.
4. Consequently, we hold that the additional tax levied on the appellant cannot be lawfully recovered. Hence, the demand raised by the Department is set aside.
5. Accordingly, this appeal is allowed.
SUPREME COURT OF INDIA
RECORD OF PROCEEDINGS
Civil Appeal No(s). 2845/2010
M/s. Steel and Industrial Forgings Ltd.….Appellant(s)
v.
Deputy Commissioner of Income Tax.….Respondent(s)
Date : 21-09-2021 This appeal was called on for hearing today.
(Before A.M. Khanwilkar, Dinesh Maheshwari and C.T. Ravikumar, JJ.)
UPON hearing the counsel the Court made the following
ORDER
6. The appeal is allowed in terms of the signed order.
7. Pending applications, if any, shall stand disposed of.
———
