In Brief
Indus Finance Corporation Limited (formerly Subuthi Finance Ltd.) sought special leave to appeal against a Madras High Court order that dismissed two tax cases challenging income tax assessment orders. The Supreme Court, after condoning the delay in filing the petition, examined the merits of the case. Finding no merit in the petitions, the Supreme Court dismissed the special leave petitions, thereby upholding the High Court's dismissal of the underlying tax cases.
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