Revenue concedes appeal; interpretation of ss. 43B and 145A and disallowance of custom duty for stock discrepancy upheld SC dismissed the revenue's appeal against the Delhi HC judgment concerning interpretation of ss. 43B and 145A and the disallowance of custom duty paid for ...
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Revenue concedes appeal; interpretation of ss. 43B and 145A and disallowance of custom duty for stock discrepancy upheld
SC dismissed the revenue's appeal against the Delhi HC judgment concerning interpretation of ss. 43B and 145A and the disallowance of custom duty paid for a discrepancy in the stock register. Revenue conceded the appeal in view of an earlier concession made in a prior SC order between the same parties for an earlier assessment year, and accordingly did not press the present appeal; the appeal was dismissed.
Revenue appealed against the High Court of Delhi judgment dated 07.12.2017 in I.T.A. No. 976 of 2005. The learned Additional Solicitor General, appearing for Revenue, "fairly submitted that in view of the concession made earlier in Civil Appeal No. 11919 of 2018 between the same parties for the earlier Assessment Year, he does not wish to press the present appeal." In light of that concession and the representative counsel's submission, the appeal was dismissed. The operative disposition is the dismissal of Revenue's appeal for want of pressing the appeal, on the basis of the prior concession.
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