In Ita/49/2009 Of Director Of Income Tax And Another v. M/S Halliburton Offshore Services Inc, the High Court (2009) decided the matter.
Issue: Learned counsel for the appellants seeks an adjournment, so as to enable him to address this Court on the issue, whether a capital receipt is liable to tax under Section 44BB of the Income Tax Act, 1961.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Hon’ble J.S. Khehar, C.J.Hon’ble Tarun Agarwala, J.
Mr. Arvind Vashisth, Advocate for the appellants.
Learned counsel for the appellants seeks an adjournment, so as to enable him to address this Court on the issue, whether a capital receipt is liable to tax under Section 44BB of the Income Tax Act, 1961.
Adjourned to 07.12.2009.
( Tarun Agarwala, J.) ( J.S. Khehar, C.J.) 04.12.2009
P.Singh
This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.
Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation.
Full disclaimer & Terms.