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of <h1>SC dismisses special leave petition after exempting filing of certified copy of impugned order.</h1> The SC dismissed the special leave petition after exempting the filing of a certified copy of the impugned order. - TMI Taxability in hands of society - fund transferred to ‘Distribution Pool Fund Account’ - respondent – Society assessed to tax on its income as ‘person’ as defined under Section 2(31) - Held that:- No merit in this special leave petition. It is, accordingly, dismissed. HC order confirmed [2016 (12) TMI 237 - KARNATAKA HIGH COURT] as stating that Income of the Society cannot be anything beyond the scope of Chapter XVI of the Bye – laws. Therefore, logically the amount transferred to the ‘Distribution Pool Fund Account’ cannot be brought within the umbrella of Chapter XVI. Hence, it is not taxable in the hands of the Society. In the premise, the substantial question of law deserves to be answered against the appellant-Revenue. The Supreme Court dismissed the special leave petition after allowing exemption from filing certified copy of the impugned order.
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