As a relief to Aditya Birla Finance Limited & Ors, the Supreme Court of India dismissed the Special Leave Petition(SLP) on the deletion of income tax addition as a sale certificate and auction purchasers placed on possession.
Aditya Birla Finance Limited (“ABFL”), the respondent is a subsidiary of Aditya Birla Capital Limited, is among the leading well-diversified non-banking financial services companies in India. ABFL offers end-to-end lending, financing, and wealth management solutions to a diversified range of customers across the country.
It was evident that the auction sale had been completed before the filing of the Special Leave Petition, the auction sale has been completed. The documents produced on record show that the sale certificate has been issued and the auction purchasers have been placed in possession.
Based on the factual aspect, the two-judge bench of Justice Abhay S Oka and Justice Pankaj Mithal declined to entertain the Special Leave Petition and dismissed the same.
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