2018 (11) TMI 54 - SCH - Income Tax

Deduction u/s 80IB - addition made on account of upward adjustment u/s. 92CA(3) of the Act on account of guarantee fee on loans availed by AEs of Assessee against guarantee of Assessee - Held that - Learned counsel appearing on behalf of the CIT-A has referred to an order dated 11th July, 2018, in which the Bench thought it fit to issue notice on the point involved. However, we have been informed that on 4th September, 2018, the matter has been dismissed on the ground of low tax effect . Place this matter before a Bench presided over by Justice A.K. Sikri.

Summary

The Supreme Court dismissed a case on 4th September, 2018 due to 'low tax effect' and ordered to place the matter before a Bench presided over by Justice A.K. Sikri. Key persons involved: Mr. P.S. Narasimha, Mr. Sarad Kumar Singhania, Mr. D.L. Chidanand, Ms. Praveena Gautam, Mrs. Anil Katiyar.