Supreme Court upholds previous Division Bench ruling, dismisses revenue's appeal in favor of assessee's position.

The HC ruled in favor of the assessee, aligning with a prior Division Bench judgment. The revenue's appeal to the SC was disposed of in accordance with this earlier judgment.

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The Punjab and Haryana High Court ruled in favor of the assessee based on a previous Division Bench judgment. The revenue has appealed to the Supreme Court, and the appeal is disposed of in line with the earlier judgment. (Citation: 2018 (1) TMI 1726 - PUNJAB AND HARYANA HIGH COURT)

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