2019 (3) TMI 750 - SCH - Income Tax

Disallowance of exemption u/s. 10B - assessee has not submitted the approval letter for its 100% Export Oriented Undertaking from the Board appointed in this behalf by the Central Government in exercise of powers conferred by Section 14 of the Industries (Development and Regulations) Act, 1951 and the Rules made under that Act - HELD THAT - Special leave petition is dismissed due to low tax effect leaving the question of law open.

Summary

The Supreme Court dismissed the special leave petition due to low tax effect, condoned the delay, and left the question of law open. Pending applications were disposed of.