M/S LIMITED v. THE ODISHA
Supreme Court of IndiaC.A. NO. 013484-013484 - 2025Bench: Justice Sanjay Kumar, Justice Alok Aradhe
The Supreme Court quashed the High Court's judgment and directed fresh auction, holding that the Tender Committee's interpretation of 'previous financial year' in Rule 27(4)(iv) of Odisha Minor Mineral Concession Rules, 2016 was manifestly erroneous in excluding the highest bidder who submitted IT return for 2020-2021 when the auction notice issued on 11.07.2022 required bids by 18.07.2022, well before the statutory filing deadline of 31.10.2022 under Section 139(1) of Income Tax Act for companies to file returns for 2021-2022.