Supreme Court · 1996 INSC 694 · Decided 9 June 1996
M/S. Wilh, Wilhelmsen v. Commissioner of Income Tax, West Bengal-I
- Court
- Supreme Court of India
- Citation
- 1996 INSC 694 · [1996] SUPP. 3 S.C.R. 231
- Case number
- CIVIL APPEAL No. 1206/1978
- Decided
- 9 June 1996
- Bench
- B.P. JEEVAN REDDY, S.B. MAJMUDAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(2)(vi), 8
Headnote
Income Tax Act, 1922: Section 10(2)(vi). A B Depreciati01t-Unabsorbed depreciation-Ays 1953--54 and 1958- 59-Time limit for claim of unabsorbed depreciation allowance on C ships-Central Board of Revenue iss!led lnst1Uctions under R. 33 of IT RZ1les that allowance of unabsorbed depreciation on of-Assessee, a foreign shipping company, instead of fumishing complete account of its world business s!lb­ mitted annual account for its Indian Trad&--Entit/ement of depreciation allowance for its ships-Held: S!lch l11st111ctions neither inconsistent with nor D ultra vires Section
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