Landmark case · Law of Taxation · Semester 6
GVK Industries Ltd. v. ITO
(2011) 4 SCC 36 · Supreme Court of India
Assessment of cross-border receipts is valid where the statute supplies a territorial nexus.
From topic
Returns, assessment, reassessment and collection — Unit IV, Law of Taxation.
Related sections:
- Income-tax Act, 1961, 139 — Return of income
- Income-tax Act, 1961, 143 — Assessment
- Income-tax Act, 1961, 144 — Best-judgment assessment
- Income-tax Act, 1961, 147 — Income escaping assessment