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| The Tax Publishers2020 TaxPub(DT) 3312 (SC) : (2020) 271 TAXMAN 0026 INCOME TAX ACT, 1961
Section 261 Section 10A
Where the Department preferred SLP to appeal against the judgment of Karnataka High Court in CIT v. Quest Informatics (P) Ltd. (2015) 234 Taxman 316 (Karn) : (2015) 372 ITR 526 (Karn) : 2015 TaxPub(DT) 1598 (Karn-HC), whereby the High Court held that the law laid down in the CIT v. Wipro GE Medical System Ltd. (2015) 4 ITR-OL 288 (Karn), CIT Maxim India Integrated Circuit Design (P) Ltd. (2011) 202 Taxman 365 (Karn) and CIT v. Expert Outsource (P) Ltd. 920130 358 ITR 518 (Karn)
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Appeal (Supreme Court) - Special leave petition - Deduction under section 10A - undertaking in a free trade zone--Allowability--STPL unit, whether formed by splitting up or reconstruction of existing unit
Department preferred SLP to appeal against the judgment of Karnataka High Court in CIT v. Quest Informatics (P) Ltd. (2015) 234 Taxman 316 (Karn) : (2015) 372 ITR 526 (Karn) : 2015 TaxPub(DT) 1598 (Karn-HC), whereby the High Court held that the law laid down in the CIT v. Wipro GE Medical system Ltd. (2015) 4 ITR-OL 288 (Karn), CIT Maxim India Integrated Circuit Design (P) Ltd. (2011) 202 Taxman 365 (Karn) and CIT v. Expert Outsource (P) Ltd. 920130 358 ITR 518 (Karn) squarely applied to the facts of the case. Therefore, both the lower authorities had rightly allowed the deduction under section 10A in respect of STPI unit. Held: The Supeme Court dismissed the SLP as withdrawn, leaving question of law open.
REFERRED :
FAVOUR : SLP dismissed.
A.Y. :
IN THE SUPREME COURT OF INDIA
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