SUPREME COURT OF INDIA
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SPECIAL LEAVE TO APPEAL (C) NO. 4369 OF 2016
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Commissioner of Income-tax, Circle 3(1)................................................Appellant.
v.
Canon India (P.) Ltd.
................................................................................Respondent |
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KURIAN JOSEPH AND ROHINTON FALI NARIMAN, JJ.
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| Date :MARCH 14, 2016 |
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| Appearances |
Tushar Mehta, ASG, Manish Pushkarna, Sunil Mathew and Mrs. Anil Katiyar, Advs. for the Petitioner.
S.S. Tomar, Vishal Kalra, Gaurav Gupta and A.K. Gautam, Advs. for the Respondent.
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Section 4 of the Income Tax Act, 1961 — Income — SLP granted against High Courts ruling that where assessee company had received subsidy from its holding company to be utilised for specific purpose, amount of unutilised subsidy could not be treated as its income as same would be held by assessee in trust for and on behalf of holding company — Commissioner of Income Tax vs. Canon India P. ltd.
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ORDER
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1. Delay condoned.
2. Leave granted.
3. Tag with C.A. No.1219/2016.
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[2016] 239 TAXMAN 265 (SC) |
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