Supreme Court Upholds TOLA, Cites Rajeev Bansal

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 officer...