https://www.taxtmi.com/caselaws?id=17110 The retrospective insertion of section 28(iiia) and the corresponding expansion of section 2(24) brought sale proceeds of import licences within taxable business income, so the earlier dispute over whether premium on transfer of import entitlements was taxable no longer survived for the assessment year in question. In view of those amendments, the reference under section 256(1) became academic and was returned unanswered. en-us Fri, 09 Jan 1998 00:00:00 +0530 Tue, 15 Sep 2009 12:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17110 The retrospective insertion of section 28(iiia) and the corresponding expansion of section 2(24) brought sale proceeds of import licences within taxable business income, so the earlier dispute over whether premium on transfer of import entitlements was taxable no longer survived for the assessment year in question. In view of those amendments, the reference under section 256(1) became academic and was returned unanswered. Case-Laws Income Tax Fri, 09 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17110