https://www.taxtmi.com/caselaws?id=6544 The Supreme Court granted leave in a case where the respondent-assessee was denied exemption under sections 11 and 12 of the Income-tax Act, 1961, and the amount of rupees thirty lakhs received from Dubai was treated as income due to a perceived violation of the Foreign Contribution (Regulation) Act, 1976. The High Court dismissed the appeal under section 260A, finding no substantial question of law. The Supreme Court set aside the High Court's decision, remitting the case for a fresh determination, emphasizing the need for a deeper examination regarding the source of contribution and its identity. No costs were awarded. en-us Mon, 14 Nov 2005 00:00:00 +0530 Wed, 10 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6544 The Supreme Court granted leave in a case where the respondent-assessee was denied exemption under sections 11 and 12 of the Income-tax Act, 1961, and the amount of rupees thirty lakhs received from Dubai was treated as income due to a perceived violation of the Foreign Contribution (Regulation) Act, 1976. The High Court dismissed the appeal under section 260A, finding no substantial question of law. The Supreme Court set aside the High Court's decision, remitting the case for a fresh determination, emphasizing the need for a deeper examination regarding the source of contribution and its identity. No costs were awarded. Case-Laws Income Tax Mon, 14 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6544