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| The Tax Publishers2020 TaxPub(DT) 3306 (SC) : (2020) 270 TAXMAN 0172 INCOME TAX ACT, 1961
Section 261 Section 10B
Where the Department preferred SLP to appeal against the judgment of Karnataka High Court in Pr. CIT v. Rajesh Exports Ltd. [ITA No. 484 of 2018, dt. 20-11-2018] : 2020 TaxPub(DT) 3305 (Karn-HC), whereby the High Court held that in view of substituation of sub-section (4) of section 10B by Finance Act, 2001, with effect from 1-4-2001, assessee was entitled to claim exemption on interest income earned from inter-corporate loans and deposits lying in EEFC account, the Supreme Court granted leave to Department to appeal thereagainst and directed the Registry to list along with Civil Appeal No. 9175 of 2018.
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Appeal (Supreme Court) - Special leave petition - Deduction under section 10B - 100 per cent export-oriented undertakings--Interest income
Department preferred SLP to appeal against the judgment of Karnataka High Court in Pr. CIT v. Rajesh Exports Ltd. [ITA No. 484 of 2018, dt. 20-11-2018] : 2020 TaxPub(DT) 3305 (Karn-HC), whereby the High Court held that in view of substitution of sub-section (4) of section 10B by Finance Act, 2001, with effect from 1-4-2001, assessee was entitled to claim exemption on interest income earned from inter-corporate loans and deposits lying in EEFC account. Held: the Supreme Court granted leave to department to appeal thereagainst and directed the Registry to list along with Civil Appeal No. 9175 of 2018.
REFERRED :
FAVOUR : Leave granted.
A.Y. :
IN THE SUPREME COURT OF INDIA
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