2024 (9) TMI 29 - SCH - Income Tax

Computation of deduction u/s 10A - Income derived from rental income from Infosys BPO Ltd and BSNL Chennai Ltd as profits derived u/s 10A - delay filling SLP - Aa decided by HC 2023 (1) TMI 224 - KARNATAKA HIGH COURT assessee was receiving the amount as rental income and in Hewlett Packard, the amount was received as interest on deposits and the staff loans. Therefore, in our considered view, the conditions such as location of unit in an STPI having been complied with, the benefit of Section 10A of the IT Act must be available to the assessee in this case also. HELD THAT - Having regard to the inordinate delay of 469 and 465 respectively in filing these special leave petitions, even on merits we are not inclined to entertain the same. The special leave petitions are, accordingly, dismissed on the ground of delay as well as on merits.

Summary

The Supreme Court dismissed the special leave petitions due to inordinate delay of 469 and 465 days in filing them, and also on merits. Petitioner represented by Mr. N Venkatraman, A.S.G., Mr. Raj Bahadur Yadav, AOR, Mr. H R Rao, Adv., Mr. Navanjay Mahapatra, Adv., Mr. Suyash Pandey, Adv., Mr. Shashank Bajpai, Adv.