In Brief
The Supreme Court heard appeals against a High Court judgment involving four civil appeals on income tax matters. The High Court had listed the legal questions raised by both the assessee and the Revenue but proceeded to decide the appeals without formally framing the substantial questions of law required by Section 260-A(3) of the Income Tax Act, 1961. The Supreme Court held that this approach was procedurally flawed and set aside the High Court's judgment. The matter was remanded to the High Court to hear the appeals afresh after properly framing the requisite substantial questions of law and deciding them strictly in accordance with law.
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