Supreme Court upholds Income Tax Tribunal decision in Deputy Commissioner vs. Syncome Formulations civil appeal.

The Supreme Court of India set aside the High Court's judgment and affirmed the Income Tax Appellate Tribunal's decision in the case of Deputy Commissioner of Income Tax vs. Syncome Formulations (I) Ltd. The civil appeals filed by the assessee were allowed with no order as to costs.

---

---

The Supreme Court of India set aside the High Court's judgment and affirmed the Income Tax Appellate Tribunal's decision in the case of Deputy Commissioner of Income Tax vs. Syncome Formulations (I) Ltd. The civil appeals filed by the assessee were allowed with no order as to costs. (2012 (2) TMI 119 - SC Order)

---