Supreme Court remands tax matter to Assessing Officer, favoring assessee.

The Supreme Court ruled in favor of the assessee, allowing the appeals and remanding the matter to the Assessing Officer for fresh consideration, setting aside the High Court's order based on the precedent set in ACG Associated Capsules Private Ltd.

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The Supreme Court of India ruled in favor of the assessee based on the precedent set in ACG Associated Capsules Private Ltd. The appeals were allowed, the High Court's order was set aside, and the matter was remanded to the Assessing Officer for fresh consideration.

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