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![Assessee should not be Taxed for the Income that it has not Earned: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/Kerala-High-Court-Taxscan.jpg "Assessee should not be Taxed for the Income that it has not Earned: Kerala HC [Read Judgment]")
Assessee should not be Taxed for the Income that it has not Earned: Kerala HC [Read Judgment]
A division bench of the Kerala High Court in CIT v. M/s Olam Exports (India) Ltd, held that the assessee could not have been taxed anything more than...