In Brief
The Principal Commissioner of Income Tax appealed against a High Court judgment that upheld the Income Tax Appellate Tribunal's order in favour of Ballarpur Industries Ltd. The Supreme Court found that the Tribunal had not properly understood the positions and reasoning of the Assessing Officer and Commissioner of Income Tax (Appeals). The Court allowed the appeal, set aside both the High Court and Tribunal orders, and remanded the case to the Tribunal to decide the assessee's appeal afresh on merits, without being influenced by the previous Tribunal order. No opinion was expressed on the substantive issues.
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