M/S KENNAMETAL INDIA LTD. vs C.I.T — C.A. No. 7013/2012

Case Summary: Kennametal India Ltd. v. CIT (CA No. 7013/2012) On 26 September 2012, the Supreme Court heard Kennametal India Ltd.'s civil appeal concerning Assessment Year 1994-1995. The Court granted leave and set aside the impugned High Court order, remitting the case to the Income Tax Appellate Tribunal for de-novo consideration, following the precedent in the Sandur Manganese case. The Court clarified that if the Tribunal finds the amount was reimbursed (rather than a contribution), it must be quantified and certified by the assessee's Chartered Accountant. The appeal was disposed of with no order as to costs. This case analysis is maintained by casestatus.in based on publicly available court records.