Supreme Court · 2018 INSC 131 · Decided 12 February 2018
Maxopp Investment LTD. v. Commissioner of Income Tax, New Delhi
- Court
- Supreme Court of India
- Citation
- 2018 INSC 131 · [2018] 2 S.C.R. 783
- Case number
- CIVIL APPEAL No. 104/2015
- Decided
- 12 February 2018
- Bench
- A.K. SIKRI, ASHOK BHUSHAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 14A, 14A(1)
Headnote
Income Tax Act, 1961: s. 14A - Applicability of - To dividend income - In cases where dominant purpose of investment was to retain controlling interest in a Company/group of companies or where dominant purpose was to have stock-in-trade - Whether dominant purpose test or for interpreting the provision - Held: For interpreting s. 14A, dominant purpose for which investment into shares is made by an assessee, may not be relevant - Principle of appointment comes into play as that is the principle which is engrained in s. 14A - s. 14A is
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