The Supreme Court has ruled that dividend income, interest earned on short-term bank deposits, and service charges received for administering Sugar Development Fund (SDF) loans cannot be treated as “profits derived from the business of providing long-term finance” under Section 36(1)(viii) of the Income Tax Act, 1961. The bench of Justice Pamidighantam Sri Narasimha and…
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Dividend, Bank Interest & SDF Service Charges Not Eligible for Section 36(1)(viii) Deduction: SC
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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