Supreme Court of India
Godrej & Boyce Manufacturing Company Limited v. Dy. Commissioner of Income-tax & Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
2 Supreme Court benches have cited this judgment.
What the Court ordered
For the aforesaid reasons, the first question formulated in the appeal has to be answered against the appellant-assessee by holding that Section 14A of the Act would apply to dividend income on which B tax is payable under Section 115-0 of the Act.
Judgment, page 26
From the headnote
Income Tax Act, 1961 - s. 14A - Expenditure incurred in relation to income not includible in total income - Phrase ''income which does not form part of total income under this Act" in s. l 4A - Scope of - If includes dividend income on shares in respect of which tax is payable u!s. 115-0 and income on units of 111utual funds on which tax is payable u/s. 115-R - Held: s.14A would apply to dividend income on which tax is payable u/s. 115-0-: Pliiin reading of s.14A shows that the income must not be includible in the total income of the assessee - Once the said condition is satisfied, the
Authorities it was built on
Where later benches applied it
- 2022 The State of Maharashtra v. Shri Vile Parle Kelvani Mandal & Ors.
- 2021 South Indian Bank Ltd. v. Commissioner of Income Tax
Of those, 1 relied on · 1 referred to
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