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<h1>Appeal Dismissed: No New Legal Issues Found, Lower Court's Decision Affirmed, Consistency with Precedent Maintained.</h1> <h3>Principal Commissioner of Income Tax, Bengaluru; Deputy Commissioner of Income-Tax, Circle-12 (4), Bengaluru Versus M/s. Rajesh Exports Limited</h3> The Karnataka HC dismissed the appeal, concluding that the substantial question of law had been previously resolved in a prior judgment involving a ... Benefit of Section 10A and 10B - Interest on fixed profit - Whether the interest received and the consideration received by sale of import entitlement is to be construed as income of the business of the undertaking? - HELD THAT:- Substantial question of law that arises for consideration in the instant appeal has been covered by the Division Bench judgment of this Court in the case of COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE VS. MOTOROLA INDIA ELECTRONICS PRIVATE LIMITED [2014 (1) TMI 1235 - KARNATAKA HIGH COURT] The submission of the learned counsel for the appellants is placed on record. The appeal is accordingly dismissed. The Karnataka High Court dismissed the appeal as the substantial question of law was covered by a previous judgment in the case of COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE VS. MOTOROLA INDIA ELECTRONICS PRIVATE LIMITED. (2014) 46 TAXMANN.COM 167 (KARNATAKA).