Apollo Tyres weighted deduction claim u/s 352AB rejected; Supreme Court refuses to re-open case

The Supreme Court rejected Apollo Tyres’ plea to re-open a case concerning weighted deduction under Section 352AB. The article explains the legal reasoning for denial, focusing on statutory interpretation and prior rulings. It highlights procedural limitations in revisiting concluded matters and implications for corporate tax planning. The coverage underlines judicial control in safeguarding revenue interests while interpreting tax benefits.