https://www.taxtmi.com/caselaws?id=16249 The Finance Act, 1990 retrospectively inserted clause (iiia) into section 28 and expanded section 2(24), bringing sale proceeds from import licences within chargeability as business income. As a result, the controversy over whether receipts from transfer of import entitlements were assessable as business income no longer survived for adjudication. The Delhi High Court therefore treated the referred question as academic and returned the reference unanswered. en-us Fri, 09 Jan 1998 00:00:00 +0530 Fri, 04 Sep 2009 16:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16249 The Finance Act, 1990 retrospectively inserted clause (iiia) into section 28 and expanded section 2(24), bringing sale proceeds from import licences within chargeability as business income. As a result, the controversy over whether receipts from transfer of import entitlements were assessable as business income no longer survived for adjudication. The Delhi High Court therefore treated the referred question as academic and returned the reference unanswered. Case-Laws Income Tax Fri, 09 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16249