2023 (8) TMI 292

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.... Counsel with Ms Pratishtha Chaudhary and Mr Aditya Gupta, Advocates. RAJIV SHAKDHER, J.: (ORAL) 1. This appeal concerns Assessment Year (AY) 2014-15. 2. Via this appeal, the appellant/assessee seeks to challenge the order dated 31.05.2022, passed by the Income Tax Appellate Tribunal [in short, "Tribunal"]. 3. The appeal, according to Mr S. Krishnan, raises a short issue, which is: whether in....

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....etition concerning a challenge to the vires of the Himachal Pradesh Tax on entry of Goods into the Local Area Act, 2010 [in short, "2010 Act"]. 5.2 This interim order was passed in line with that which the Supreme Court, evidently, passed in SLP(C) 14454-14778/2008, titled State of Orissa and Ors. v. M/s Reliance Industries Ltd. and Ors. 6. There is no dispute about the fact that the appellant/a....

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..../revenue, says that, although the characterization of the income may be incorrect, it would not affect the tax burden imposed on the appellant/assessee, even if the view taken by the Tribunal, that deduction under Section 80IC is not available since it is not income derived from eligible business, is sustained. 9. Having heard the learned counsels for the parties, we tend to agree with Mr Chawla.....