COMMNR. OF INCOME TAX, MADURAI vs M/S SOUTHERN ROADWAYS LTD. — C.A. No. 5030/2006

Summary: The Supreme Court dismissed the Income Tax Commissioner's appeal against Southern Roadways Ltd. on August 30, 2012. The court addressed whether the Appellate Tribunal correctly interpreted Section 32AB of the Income Tax Act by using assessment computations rather than Schedule VI profits; the court answered this in favor of the assessee, relying on the Apollo Tyres Ltd. precedent. No costs were awarded. This case analysis is maintained by casestatus.in based on publicly available court records.