C.i.T., Bombay Vs. Maharashtra State Road Transport Corporation - Court Judgment

Excerpt:
- [ sabyasachi mukharji and; s. ranganathan, jj.] -- income tax - exemption - maharashtra srtc entitled to tax exemption and matter becoming academic in view of court's earlier decision in this regard1. in this case there is an application for condonation of delay. the delay is for a very long time. there is no proper explanation as such. we would have gone into this question in a little greater detail if there was any merit in this appeal. in view of the decision of this court in the cit v. apsrtc1 this question is no longer open. in view of the ratio of the decision of this court the question has become concluded and is now academic. the respondent, maharashtra state road transport corporation, is entitled to exemption from tax. in that view of the matter the delay is condoned but the appeal is dismissed.

Judgment:
1. In this case there is an application for condonation of delay. The delay is for a very long time. There is no proper explanation as such. We would have gone into this question in a little greater detail if there was any merit in this appeal. In view of the decision of this Court in the CIT v. APSRTC1 this question is no longer open. In view of the ratio of the decision of this Court the question has become concluded and is now academic. The respondent, Maharashtra State Road Transport Corporation, is entitled to exemption from tax. In that view of the matter the delay is condoned but the appeal is dismissed.