https://www.taxtmi.com/caselaws?id=345985 The Supreme Court declined to interfere with the High Court's order and dismissed the Special Leave Petition. It also directed that the tax be adjusted in the next year, and that any balance remaining after such adjustment be refunded to the petitioner by the Income Tax Department. The operative effect is that the High Court's decision remains undisturbed while the taxpayer receives adjustment against future tax liability and refund of any excess balance, if found due after adjustment. en-us Mon, 24 Jul 2017 00:00:00 +0530 Tue, 01 Aug 2017 09:07:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345985 The Supreme Court declined to interfere with the High Court's order and dismissed the Special Leave Petition. It also directed that the tax be adjusted in the next year, and that any balance remaining after such adjustment be refunded to the petitioner by the Income Tax Department. The operative effect is that the High Court's decision remains undisturbed while the taxpayer receives adjustment against future tax liability and refund of any excess balance, if found due after adjustment. Case-Laws Income Tax Mon, 24 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345985