Capital receipt — High Court directed to decide issue whether sales tax subsidy is a capital receipt as held by SCI in CIT v Reliance Industries Ltd — In favour of: The revenue; Civil Appeal Nos 7769–7770, 7771 of 2011.
Dividend income — High Court directed to decide whether estimated expenditure for earning dividend income cannot be subject to disallowance while computing book profits as well as under the normal provisions of the Income-tax Act.
Decided on: 9 September 2011.
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