Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Supreme Court dismisses Special Leave Petition on tax grounds, delays condoned, legal question remains open.</h1> <h3>Commissioner of Income Tax Versus Rakesh Verma</h3> The Supreme Court of India dismissed the Special Leave Petition due to low tax effect, condoning the delay and leaving the question of law open. - ... Entitlement to deduction under Section 80-IC - whether an “undertaking or an enterprise” (Unit) established after 7th January, 2003, carrying out “substantial expansion” within the specified window period, i.e. between 7.1.2003 and 1.4.2012, would be entitled to deduction on profits @ 100%, under Section 80-IC? - Held that:- Special Leave Petition is dismissed only on the ground of low tax effect leaving the question of law open. The Supreme Court of India dismissed the Special Leave Petition due to low tax effect, condoning the delay and leaving the question of law open. (2018 (7) TMI 1651 - SC)