In Brief
The Supreme Court considered whether the High Court properly declined to admit certain questions of law in an income tax appeal by relying on an earlier High Court judgment in the Reliance Industries case. The Court held that because the Supreme Court had remitted the Reliance Industries case back to the High Court for fresh consideration of the specific question of whether sales tax incentive constitutes a capital receipt, the High Court must admit the substantive questions in the present case and decide them on merits rather than dismissing them based on the earlier judgment. The appeal was allowed and the case remitted to the High Court.
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