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<h1>Supreme Court Grants Leave, Condoning Delay; Petitioner Allowed to Proceed as Respondent Fails to Appear.</h1> <h3>Principal Commissioner of Income Tax & Anr. Versus M/s. Rajesh Exports Ltd.</h3> The SC granted leave and condoned the delay in the matter, allowing the petitioner to proceed. The case was scheduled alongside Civil Appeal No. 9175 of ... 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? - As decided by HC [2018 (11) TMI 1957 - KARNATAKA HIGH COURT] Substantial question of law that arises has been covered by case of MOTOROLA INDIA ELECTRONICS PRIVATE LIMITED [2014 (1) TMI 1235 - KARNATAKA HIGH COURT] HELD THAT:- Delay condoned. Leave granted. The Supreme Court in 2019 (8) TMI 1901 - SC Order granted leave and condoned delay in the case. Mr. K.M. Nataraj and others appeared for the petitioner, while there was no representation for the respondent. The case was listed along with Civil Appeal No. 9175 of 2018.