M/S New Okhla Industrial Development ... vs Commissioner Income Tax Appeals(41)

The Supreme Court upheld the Delhi High Court's decision allowing writ petitions filed by private respondents against the New Okhla Industrial Development Authority and others. The Court emphasized the importance of adhering to the provisions of the Income Tax Act, particularly regarding the assessment of tax liabilities. The judgment clarified that authorities must follow due process and cannot arbitrarily impose tax demands without proper justification under the Income Tax Act, leading to the dismissal of the appeals.