2003 (4) TMI 95 - SCH - Income Tax

Export Special Deduction - Supreme Court after leaving the question of law open inasmuch as the appellants conceded that in the facts of the case the respondents would be entitled to relief even if the appellants submissions were accepted by the court Court declined to interfere with the judgments of the High Court where High Court held that subsequent circular would be applicable to the assessment years previous to the issuance of this circular as well.

Summary

The Supreme Court dismissed the appeals, leaving the question of law open as the appellants conceded that the respondents would be entitled to relief even if their submissions were accepted. The judgments of the High Court were not interfered with. (2003 (4) TMI 95 - SC)