2019 (4) TMI 520 - SCH - Income Tax

Disallowance u/s. 40A(2)(b) - excess remuneration to directors - disallowance u/s. 14A - valuation of closing stock - profit earned on the sale for shares shall be treated as capital gain instead of business income - Addition u/s 145A - HELD THAT - We are not inclined to entertain this petition under Article 136 of the Constitution of India. The Special Leave Petition is, accordingly, dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition under Article 136 of the Constitution of India. Delay was condoned, and pending applications were disposed of.