2021 (7) TMI 476 - SCH - Income Tax

Entitled for deduction u/s 10B - whether the assessee in the instant case, has complied with the requirements as laid down in Section 10B(2) ? - Whether assessee is formed by splitting or reconstructing of business - tribunal dismissing the appeal preferred by the revenue by holding that the assessee is entitled for deduction under Section 10-B - Deemed dividend - Additional substantial question of law - Reserve and surplus show as accumulated profit - HELD THAT - SLP dismissed.

Summary

The Supreme Court of India dismissed the special leave petitions and did not interfere with the impugned order(s). Justices Sanjay Kishan Kaul and Krishna Murari were presiding over the case.