Supreme Court · 2008 INSC 1174 · Decided 17 October 2008
Commissioner of Income Tax, Rajkot v. M/S Gujarat Siddhi Cement LTD.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 1174 · [2008] 14 S.C.R. 688
- Case number
- CIVIL APPEAL No. 6144/2008
- Decided
- 17 October 2008
- Bench
- ARIJIT PASAYAT, MUKUNDAKAM SHARMA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32, 33, 41(1)(a), 260A
Headnote
'-}.... Income Tax Act, 1961; Ss. 32, 33, 41(1)(a) and Explana- c tion 2, S.32A as substituted by Finance Act, 2002 and S.43(A) as substituted by Finance Act, 1967 and amended by Direct_ - Tax Law Amendment Act, 1987: Deduction - Increase in cost of plant and machinery due exchange rate - Claim of deduction D for the assessment year 1993-94 -Held: In case, assessee desire to claim extra benefit for the extra amount paid in lieu of increase of cost of the plant and machinery, the same has ~ to be taxed in the year in which liability was reduced - How- ever, in
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