2019 (9) TMI 318 - SCH - Income Tax

Assessment of dividend income - Proviso to Section 10(34) read and along-with with the provisions of Section 115BBDA - hostile discrimination between a resident assessee and a non-resident assessee - HELD THAT - As petitioner invited our attention to the judgment titled as Rajan Bhatia v. Central Board of Direct Taxes Another 2019 (1) TMI 1144 - DELHI HIGH COURT which had rejected the challenge to Section 115BBDA of the Income Tax Act 1961. Learned counsel prays for and is granted liberty to withdraw this writ petition to enable him to challenge said judgment of the High Court. Liberty granted without expressing any opinion on the merits of the challenge.

Summary

The Supreme Court of India allowed the petitioner to withdraw the writ petition challenging Section 115BBDA of the Income Tax Act, 1961, as the Delhi High Court had rejected the challenge in a previous judgment. The Supreme Court granted liberty to challenge the High Court's decision without expressing any opinion on the merits of the challenge.