Supreme Court affirms Income-tax Act applies to income generated in India

The Supreme Court dismissed the petition for special leave, affirming that the Income-tax Act applies to income generated in India, irrespective of the company's location in Sikkim. The precedent in State of Sikkim v. Surendra Prasad Sharma was considered inapplicable as it did not pertain to the Act's scope.

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The Supreme Court dismissed the petition for special leave, stating that the Income-tax Act applies to income arising in India, regardless of the company's location in Sikkim. The decision in State of Sikkim v. Surendra Prasad Sharma was deemed irrelevant as it did not address the Act's applicability.

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