Supreme Court Dismisses Revenue's Petition; Reserves Right to Revive if Review Petition Succeeds.

The SC dismissed the Revenue's special leave petition, as the issue was previously decided against them in "Engineering Analysis Centre of Excellence Pvt. Ltd. vs. CIT & Anr." The Court condoned the delay, but reserved the Revenue's right to revive the petition if their pending review petition is allowed. All pending applications were disposed of.

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Issues involved:
The issue raised by the Revenue in the present special leave petition is covered against them vide judgment dated 02.03.2021 in the case of "Engineering Analysis Centre of Excellence Private Limited vs. The Commissioner Of Income Tax & Anr.", (2022) 3 SCC 321.

Judgment Details:

Issue 1:
The Revenue raised an issue in the special leave petition which is already covered against them in a previous judgment dated 02.03.2021 in the case of "Engineering Analysis Centre of Excellence Private Limited vs. The Commissioner Of Income Tax & Anr.", (2022) 3 SCC 321. The learned Additional Solicitor General mentioned that a Review Petition has been filed against this judgment, which is pending. The right of the Revenue to revive the present special leave petitions may be reserved if the Review Petition is allowed.

The Court, after hearing the counsel, has condoned the delay and dismissed the special leave petition as it is covered by the previous decision of the Court. However, if the review petition on the issue raised in the special leave petition is allowed, the petitioner(s) will have the opportunity to get the special leave petitions revived. Any pending application(s) shall stand disposed of accordingly.

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