2019 (10) TMI 1535

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....) Mr. Preetesh Kapur, Sr. Adv., Mr. Senthil Jagadeesan, AOR, Ms. Sonakshi Malhan, Adv., Ms. Suriti Chowdhary, Adv., Ms. Mrinal Kanwar, Adv. For Respondent(s) Mr. B. V. Balaram Das, AOR, Mr. ANS Nadkarni, ASG, Ms. Pinki Anand, ASG, Mr. Arijit Prasad, Sr. Adv., Mr. Baroona Gautam, Adv., Mr. Arjun Garg, Adv., Mr. Amit Verma, Adv., Mr. Adit Khorana, Adv., Mrs. Anil Katiyar, AOR ORDER Heard le....

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....sideration before this Court in Director of Income Tax, Circle 26(1), New Delhi vs. S.R.M.B. Dairy Farming (P) Ltd., reported in (2018) 13 SCC 239. This Court after considering the decisions of different High Courts, including the Supreme Court decision on the question involved, namely, Commissioner of Income Tax Vs. Surya Herbal Ltd. reported in (2011) 15 SCC 482 answered the question in favour o....

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....the ambiguity which has arisen. Thus, the said view of the three-Judge Bench would hold water and the Circular would apply even to pending matters but subject to the two caveats provided in Surya Herbal Ltd. case." The same interpretation must apply to the instructions under consideration. In the present case, there is no possibility of cascading effect nor the issue is involved in group of mat....