Supreme Court · 1999 INSC 116 · Decided 18 March 1999
Commissioner of Income Tax v. Sirpur Paper Mills ETC. ETC.
- Court
- Supreme Court of India
- Citation
- 1999 INSC 116 · [1999] 2 S.C.R. 10
- Case number
- CIVIL APPEAL No. 2398/1994
- Decided
- 18 March 1999
- Bench
- S.P. BHARUCHA, R.C. LAHOTI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 36(i)(iv), 36, 36(1)(iv)
Headnote
Income Tax Act, 1961/Income Tax Rules, 1962 S.36(J)(iv)/Rules B7 and BB-Contributions towards recognised C provident fund or approved superannuation fund-Deductions-Notification dated 21. 10.1965 issued by Central Board of Direct Taxes imposing conditions that only BO% of the amount actually paid period of five years commencing with the assessment year relating to the previous year in which the amount was paid-Held, there is no justification for both the conditions- D High Court was right in holding that the Notification goes beyond the power of the Board u/s.36(1)(iv). The
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