C.I.T-VII vs M/S SIEMENS — C.A. No. 8742/2013

Case Summary: C.A. No. 008742/2013 - C.I.T-VII v. M/S Siemens The Supreme Court granted leave and set aside the High Court's partial dismissal of the revenue's appeal on substantial questions of law under the Income Tax Act, 1961. The Court held that Question B—regarding whether internally manufactured assets qualify for deduction under Section 32AB—is a substantial question of law requiring adjudication and cannot be dismissed as settled precedent. The appeal was disposed of with directions that all four substantial questions (A, B, and C) be decided by the High Court in the pending I.T.A. No. 419/2010, with each party bearing their own costs. This case analysis is maintained by casestatus.in based on publicly available court records.