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<h1>Supreme Court of India dismisses Special Leave Petition(s) for lack of legal grounds.</h1> The Supreme Court of India dismissed the Special Leave Petition(s) due to the absence of legal grounds for interference. - TMI Violation u/s.11(5) and 13(1)(d) - whether the exemption is to be withdrawn for the entire income or the portion of the income? - Held that:- No legal and valid ground for interference. The Special Leave Petition(s) are dismissed. HC order [ 2014 (6) TMI 980 - KARNATAKA HIGH COURT] confirmed. Entire income of the assessee cannot be assessed for the tax, for violating under Section 11(5) read with Sec.31(1)(d) of the Act and what would become the subject matter of assessment is only that income which is the subject matter of violation. - Decided in favour of the assessee The Supreme Court of India, in a judgment by Justices Ranjan Gogoi and Abhay Manohar Sapre, dismissed the Special Leave Petition(s) as no legal grounds were found for interference. (Citation: 2016 (11) TMI 1377 - SC Order)