COMMISSIONER OF INCOME TAX Vs. GLENMARK PHARMACEUTICALS LTD.

JUDGEMENT

(1.) The following two questions arise for determination in this appeal filed by the Revenue.

(2.) On such consideration we find that question No.1 has been rightly decided by the High Court in favour of the Assessee and against the Revenue. The same would, therefore, not require reopening in this appeal. Insofar as question No.(ii) i.e. interest payable under Section 234B of the Income Tax Act, 1961 is concerned, the matter will require an in-depth hearing. List the appeal on the said question i.e. question No.(ii) as per its turn.