Supreme Court condones delay and issues notice in a tax appeal concerning assessment year 2012-13.
Revenue argues jurisdiction over amalgamated entity Sprit Textile for predecessor Prajatama Trading's income.
Key legal dispute centers on validity of notice served on predecessor post-amalgamation and Section 124(3) objection timeline.
Revenue cites Mahagun Realtors judgment to distinguish Maruti Suzuki precedent relied on by lower courts.