SC set-aside ₹5L Cost on Income Tax Dept imposed by Allahabad HC

Union of India & Ors. Vs S.R. Cold Storage (Supreme Court of India) In Union of India & Ors. vs. S.R. Cold Storage, the Supreme Court addressed a special leave petition regarding a cost of ₹5 lakh imposed on the Income Tax Department by the Allahabad High Court for initiating reassessment based on incorrect information. Initially set at ₹50 lakh, the cost was later reduced to ₹5 lakh. The Additional Solicitor General argued that the imposed cost was excessive and requested its annulment. The respondent’s counsel contended that the petition lacked merit but left the decision...