Karnataka HC Upholds Order Favoring MRPL in Tax Dispute Under DTVSV Act

PCIT Vs Mangalore Refinery And Petrochemicals Ltd. (Karnataka High Court)

Karnataka High Court has dismissed an intra-court appeal filed by the Principal Commissioner of Income Tax (PCIT) against Mangalore Refinery And Petrochemicals Ltd. (MRPL). The appeal challenged a learned Single Judge’s order dated November 18, 2022, which had allowed MRPL’s writ petition (W.P.No.10523/2022) and granted relief to the assessee under the Direct Tax Vivad Se Vishwas Act, 2020 (DTVSV Act). The High Court broadly agreed with the findings and reasoning of the

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