2018 (8) TMI 118 - SCH - Income Tax

Substantial question of law arises for consideration - Whether in the facts and circumstances, the ITAT was correct in holding that amounts received as incentive from Engine Manufacturers by the assessee were capital in nature? Second question as identical issue was decided by another Division Bench by this Court in CIT v. Jetlite India Ltd. 2015 (11) TMI 304 - DELHI HIGH COURT - Held that - SLP dismissed.

Summary

The Supreme Court of India, in 2018, dismissed a Special Leave Petition as it found no merit in the petition. The delay was condoned, and pending applications were disposed of. Justices Rohinton Fali Nariman and Indu Malhotra delivered the order.