https://www.taxtmi.com/caselaws?id=775251 The SC dismissed a special leave petition regarding profits derived under section 10A. The case involved an assessee claiming income from rental receipts from two companies. The Tribunal had allowed the assessee's claim that rental income qualified as profits under section 10A. The Karnataka HC upheld this decision. The SC declined to interfere with the HC's order, citing its earlier decision in a related matter involving one of the tenant companies. The petition was dismissed without further consideration, effectively confirming that rental income from the specified companies could be treated as eligible profits under the relevant tax provision. en-us Fri, 18 Jul 2025 00:00:00 +0530 Tue, 22 Jul 2025 08:25:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775251 The SC dismissed a special leave petition regarding profits derived under section 10A. The case involved an assessee claiming income from rental receipts from two companies. The Tribunal had allowed the assessee's claim that rental income qualified as profits under section 10A. The Karnataka HC upheld this decision. The SC declined to interfere with the HC's order, citing its earlier decision in a related matter involving one of the tenant companies. The petition was dismissed without further consideration, effectively confirming that rental income from the specified companies could be treated as eligible profits under the relevant tax provision. Case-Laws Income Tax Fri, 18 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775251