M/s. Sawaria Pipes Pvt. Ltd. v. Asst. CIT
[Citation -2014-LL-0102-26]

Citation 2014-LL-0102-26
Appellant Name M/s. Sawaria Pipes Pvt. Ltd.
Respondent Name Asst. CIT
Court SUPREME COURT
Relevant Act Income-tax
Date of Order 02/01/2014
Judgment View Judgment
Bot Summary: For Respondent(s) UPON hearing counsel the Court made the following ORDER It has been submitted by the learned counsel appearing for the petitioner that clause of sub-section of Section 80IB of the Income Tax Act, 1961 has been wrongly interpreted by the High Court as well as by other authorities. He submits that the petitioner would like to file a review application before the High Court so that it can be correctly interpreted in the light of the facts of the case of the petitioner. The petitioner is permitted to file a review application. If a review application is filed within four weeks from today, the same shall be considered on merits. As prayed, the petitioner is permitted to withdraw this special leave petition with liberty to approach this Court again if the review application is rejected. The special leave petition is dismissed as withdrawn.


ITEM NO.26 COURT NO.11 SECTION IIIA SUPREME COURT OF INDIA RECORD OF PROCEEDINGS Petition(s) for Special Leave to Appeal (Civil) No(s).37639/2013 (From judgement and order dated 05/09/2013 in ITTA No.389/2013 of HIGH COURT OF A.P. AT HYDERABAD) M/S SAWARIA PIPES PVT LTD. Petitioner(s) VERSUS ASST. CIT Respondent(s) (With prayer for interim relief) Date: 02/01/2014 This Petition was called on for hearing today. CORAM : HON'BLE MR. JUSTICE ANIL R. DAVE HON'BLE MR. JUSTICE DIPAK MISRA For Petitioner(s) Dr. Rakesh Gupta,Adv. Mr. Ashwani Taneja,Adv. Ms. Poonam Ahuja,Adv. Mr. Ambhoj Kumar Sinha,Adv. For Respondent(s) UPON hearing counsel Court made following ORDER It has been submitted by learned counsel appearing for petitioner that clause (iii) of sub-section (2) of Section 80IB of Income Tax Act, 1961 has been wrongly interpreted by High Court as well as by other authorities. He submits that petitioner would like to file review application before High Court so that it can be correctly interpreted in light of facts of case of petitioner. petitioner is permitted to file review application. If review application is filed within four weeks from today, same shall be considered on merits. As prayed, petitioner is permitted to withdraw this special leave petition with liberty to approach this Court again if review application is rejected. special leave petition is dismissed as withdrawn. (A.S. BISHT) (SNEH LATA SHARMA) A.R.-CUM-P.S. COURT MASTER M/s. Sawaria Pipes Pvt. Ltd. v. Asst. CIT
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