COMMISSIONER OF INCOME TAX, MUMBAI vs M/S. RELIANCE EXPORTS LTD. — SLP(C) No. 23377/2005

SUMMARY: The Supreme Court dismissed the Income Tax Commissioner's Special Leave Petition challenging the High Court's decision regarding Assessment Year 1988-89. The core issue was whether Bill Discounting Charges incurred for sister concern Reliance India Ltd. could be claimed as business expenditure. The Court found that similar relief had been consistently granted in preceding years (1985-86, 1986-87, 1987-88) without Revenue appeal, and was affirmed for 1989-90, making it inconsistent to challenge 1988-89. Accordingly, the Court upheld the High Court's finding that no question of law arose and dismissed the petition. This case analysis is maintained by casestatus.in based on publicly available court records.