SLP dismissal under Article 136 upholds assessee's Income-tax Act relief, leaving High Court tax ruling final.

SC dismissed the Revenue's special leave petition against the HC's decision in favour of the assessee-company, thereby affirming the HC's ruling on the disputed income-tax issues. By refusing to interfere under Article 136, SC effectively upheld the HC's interpretation of the relevant provisions of the Income-tax Act and the relief granted to the assessee. No reasons on merits were recorded, but dismissal of the SLP confirms finality of the HC judgment between the parties, leaving the HC's determination of the assessee's tax liability undisturbed.

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The Supreme Court of India dismissed the special leave petition after condoning the delay. No representation was made on behalf of the respondent. (2018 (7) TMI 892 - SC)

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