Supreme Court Upholds Tax on Distributed Profits: Section 115O of the Income Tax Act, 1961 (20 September 2017)

/ A.K. Sikri, Agricultural Income, Ashok Bhushan, Constitutional Law, Constitutional Law with Article 246, Income Tax Act, 1961, Income Tax Act, 1961 with Section 115O, Judges, State List, Tax on Distributed Profits, Union List

LEGAL ISSUE: Whether Section 115O of the Income Tax Act, 1961, which imposes a tax on distributed profits by domestic companies, is constitutionally valid, especially concerning agricultural income. CASE TYPE: Tax Law Case Name: Union of India & Ors. vs. M/s. Tata Tea Co. Ltd. & Anr. Judgment Date: 20 September 2017 Introduction Date of […]

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