(1.) Heard learned Senior Advocate Mr.shalin Mehta with learned advocate Ms.Aditi S.Raol for the appellant and learned Senior Standing Counsel Ms.Ms.Maithili Mehta for the respondent- Revenue.
(2.) This Court in (Coram:Hon'ble Mr.Justice Akil Kureshi and Hon'ble Ms.Justice Sonia Gokani) by order dtd. 3/12/2012 admitted the Tax Appeal on the following substantial questions of law:
(3.) At the outset, learned Senior Advocate Mr.Shalin Mehta appearing with learned advocate Ms.Aditi Raol for the appellant and learned Senior Standing Counsel Ms.Maithil Mehta for the respondent- Revenue submitted that both the questions are answered by the Honorable Supreme Court in the case of appellant in Civil Appeal No.7257 of 2011 by Judgment and Order dtd. 28/2/2024 and therefore this appeal is required to be allowed in favour of the appellant in terms of the decision of the Honorable Supreme Court.