ACIT Vs Revmax Telecom Infrastructures Pvt. Ltd. (Supreme Court of India)
The Supreme Court of India has disposed of a Special Leave Petition (SLP) in the case of ACIT vs. Revmax Telecom Infrastructures Pvt. Ltd., deferring to its own recent judgment in Union of India & Ors. vs. Rajeev Bansal (2024). The court upheld the validity of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (TOLA). This decision means the assessee’s case will be governed by the principles established in the Rajeev Bansal judgment. The court directed that assessing officers must now dispose of objections in accordance with the law laid down, and any aggrieved assessee retains the right to pursue further remedies on issues not concluded by the judgment.
FULL TEXT OF THE SUPREME COURT JUDGMENT/ORDER
1. Delay condoned.
2. These Special Leave Petitions are covered by the Judgment of this Court rendered on 3-10-2024 in “Union of India & Ors. vs. Rajeev Bansal” (Civil Appeal No.8629/2024 etc.) 2024 (11) Scale 473.
3. In view of the above, the petitions filed by the Revenue are disposed of. The assessee will be governed by reasons discussed in the said Judgment.
4. The assessing officers will dispose of the objections in terms of the law laid down by this Court. Thereafter, the assessee who is aggrieved will be at liberty to pursue all the rights and remedies in accordance with law, save and except for the issues which have been concluded in the Judgment.
