https://www.taxtmi.com/caselaws?id=367662 Whether an entity incorporated under the Sikkim Registration of Companies Act qualifies as a 'company' for income-tax purposes turns on constitutional and statutory scope: Article 371F and the lack of a presidential notification extending the Indian Companies Act to Sikkim mean the central definition does not automatically apply. Applying that principle and prior Tribunal precedent, the assessee incorporated under the Sikkim Act was not treated as a company for the relevant assessment year; consequential corporate tax provisions and disallowances predicated on company status were therefore inapplicable and the appeal succeeded for the assessee. en-us Fri, 20 Jul 2018 00:00:00 +0530 Mon, 24 Sep 2018 16:19:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367662 Whether an entity incorporated under the Sikkim Registration of Companies Act qualifies as a 'company' for income-tax purposes turns on constitutional and statutory scope: Article 371F and the lack of a presidential notification extending the Indian Companies Act to Sikkim mean the central definition does not automatically apply. Applying that principle and prior Tribunal precedent, the assessee incorporated under the Sikkim Act was not treated as a company for the relevant assessment year; consequential corporate tax provisions and disallowances predicated on company status were therefore inapplicable and the appeal succeeded for the assessee. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367662