2019 (8) TMI 1901 - SCH - Income Tax

Benefit of Section 10A and 10B - Interest on fixed profit - Whether the interest received and the consideration received by sale of import entitlement is to be construed as income of the business of the undertaking? - As decided by HC 2018 (11) TMI 1957 - KARNATAKA HIGH COURT Substantial question of law that arises has been covered by case of MOTOROLA INDIA ELECTRONICS PRIVATE LIMITED 2014 (1) TMI 1235 - KARNATAKA HIGH COURT HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court in 2019 (8) TMI 1901 - SC Order granted leave and condoned delay in the case. Mr. K.M. Nataraj and others appeared for the petitioner, while there was no representation for the respondent. The case was listed along with Civil Appeal No. 9175 of 2018.