2020 (1) TMI 1658 - SCH - Income Tax

Commission and brokerage u/s 37, Sales tax incentive as a capital receipt, Section 80JJAA deduction, Section 43B of the Act, establishment and research is always for the purpose of benefit of the business - HC 2017 (3) TMI 1679 - RAJASTHAN HIGH COURT decided issues in favour of assessee - HELD THAT - Petitioner, on instructions issued by the Department of Revenue, Ministry of Finance vide F.No.390/Misc./116/2017-JC dated 22.08.2019, seeks permission to withdraw this special leave petition along with pending applications therein due to low tax effect. Permission granted, subject to just exceptions. Special leave petition and pending applications are dismissed as withdrawn, leaving question(s) of law open.

Summary

The Supreme Court of India allowed the petitioner to withdraw their special leave petition and pending applications due to low tax effect. The petition and applications were dismissed as withdrawn, leaving legal questions open.