2017 (2) TMI 268 - SCH - Income Tax

Review petitions against the order in M/s G.S. Homes & Hotels P. Ltd. Versus Dy. Commissioner of Income Tax 2016 (8) TMI 613 - SUPREME COURT - Held that - No case for review of order is made out. Consequently, the review petitions are dismissed. Share capital received from the various share-holders ought not to have been treated as business income

Summary

The Supreme Court of India dismissed the review petitions filed against the order dated August 9, 2016 in the case of G.S. Homes and Hotels P. Ltd. v. Deputy CIT. Prayer for oral hearing was rejected.