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of <h1>Supreme Court dismisses appeal, upholding Revenue's position in landmark tax case.</h1> <h3>Commissioner Of Income-Tax Versus Modern Spinners Ltd.</h3> Commissioner Of Income-Tax Versus Modern Spinners Ltd. - [2016] 382 ITR 472 (SC) The Supreme Court of India dismissed the appeal, stating that the matter is covered against the Revenue by a previous judgment in Taparia Tools Limited v. Joint CIT [2015] 7 SCC 540 : [2015] 372 ITR 605 (SC). The judges were A. K. Sikri and Rohinton Fali Nariman, JJ.
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