TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court permits tax refund, validates lease agreement. Special leave petitions disposed. Revenue can pursue further legal action.</h1> <h3>Commissioner of Income-Tax and another Versus Khoday Breweries Ltd.</h3> The Supreme Court allowed the delay, finding the sales tax amounts refunded and the lease rent agreement valid. The special leave petitions were disposed ... Refund of amounts realised to meet the contingent sales tax liability - Held that:- The amounts realised to meet the contingent sales tax liability of the assessee has since been refunded to the persons from whom the same was collected and also a finding has been reached that the agreement enhancing the lease rent was not a sham document, we find no ground to continue to entertain the present special leave petition. The Supreme Court of India in 2016 (5) TMI 210 - SC Order, with Justices Ranjan Gogoi and Prafulla C. Pant, allowed the delay. The court found that the sales tax amounts collected were refunded and the lease rent agreement was valid. The special leave petitions were disposed of, allowing the Revenue to pursue further legal remedies if needed.
TaxTMI 
TaxTMI 
