Supreme Court Dismisses Tax Appeal Against Britannia

Supreme Court dismisses tax department's appeal against Britannia Industries Ltd regarding trade discount disallowance.
Court declines to interfere with High Court judgment but keeps interpretation of Section 56(2)(x) and 43-B open.
Petition was filed by Principal Commissioner of Income Tax 1 Kolkata against Britannia Industries.
Delay in filing the appeal was condoned by the Supreme Court.