The Supreme Court has condoned the delay and heard a special leave petition. However, the learned Senior Counsel Mr. K. Radhakrishnan argued that the issues central to this case have already been resolved in the court's earlier decision in 'Commissioner of Income Tax, Kolkata vs. SMIFS Securities Limited'. Given this precedent, the court agreed with the argument and dismissed the special leave petition. Moreover, any other applications related to this matter have been taken care of and dismissed. This judgement underscores the court's respect for its past decisions when dealing with similar issues.

In this matter, a delay has been condoned by the Supreme Court, consisting of Justices Indu Marwah and Suman Jain. Learned Senior Counsel Mr. K. Radhakrishnan represented the petitioner, asserting that the issues at hand have been previously addressed in the Court's decision in the case of 'Commissioner of Income Tax, Kolkata vs. SMIFS Securities Limited'. In accordance with this precedent, the special leave petition has been dismissed. This judgment adheres to the principle of 'stare decisis', respecting past rulings in similar cases. Additionally, all pending applications related to this matter have been considered resolved.

Delay condoned.
Mr. K. Radhakrishnan, learned Senior Counsel submits that issues involved in this matter are covered by the decision of this Court in Commissioner of Income Tax, Kolkata vs. SMIFS Securities Limited, (2012) 13 SCC 488.
In view of the above, the Special Leave Petition is dismissed.
Pending applications, if any, shall also stand disposed of.
(INDU MARWAH) (SUMAN JAIN)
COURT MASTER BRANCH OFFICER