In Brief
In this income tax appeal, the Supreme Court dismissed the petition filed by the Principal Commissioner of Income Tax against Makino India Private Limited. The dismissal was based on a prior judgment the Court had passed in Civil Appeal No. 8498 of 2013 involving C.I.T. and Yokogawa India Limited on related matters. Since the earlier judgment had already decided substantially similar issues, the Court found no reason to entertain the current appeal separately and applied the principle of judicial precedent to dismiss it.
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