Supreme Court · 2017 INSC 451 · Decided 8 May 2017
Godrej & Boyce Manufacturing Company Limited v. DY. Commissioner of Income-Tax & ANR.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 451 · [2017] 3 S.C.R. 602
- Case number
- CIVIL APPEAL No. 7020/2011
- Decided
- 8 May 2017
- Bench
- RANJAN GOGOI, ASHOK BHUSHAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 14A
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 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
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