DIRECTOR OF INCOME TAX NEW DELHI vs. M/S S.R.M.B.DIARY FARMING (P) LTD

Appeals are dismissed in terms of signed reportable

Bench: HON'BLE MR. JUSTICE SANJAY KISHAN KAUL

section 268A of the Act. This benefit conferred on these assessees would be only in the nature of one-time settlement because if the same issue arises for consideration in the subsequent years and the tax effect is more than Rs. 10 lakhs, it is not open to them to plead that either the Department is estopped from claiming such