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![Bitumen not Valuable Article’, Carrier of Bitumen not ‘Owner u/s 69A of Income Tax Act: Supreme Court [Read Judgement] Bitumen not Valuable Article’, Carrier of Bitumen not ‘Owner u/s 69A of Income Tax Act: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/05/Bitumen-Valuable-Article-wner-Income-Tax-Act-Income-Tax-Supreme-Court-taxscan.jpg)
Bitumen not 'Valuable Article’, Carrier of Bitumen not ‘Owner' u/s 69A of Income Tax Act: Supreme Court [Read Judgement]
In a major ruling the Supreme Court of India observed that bitumen cannot be treated as a ‘valuable article’ under Section 69A of the Income Tax Act,...