Supreme Court · 2020 INSC 150 · Decided 7 February 2020
Maruti Suzuki India LTD. v. Commissioner of Income Tax, Delhi
- Court
- Supreme Court of India
- Citation
- 2020 INSC 150 · [2020] 2 S.C.R. 658
- Case number
- CIVIL APPEAL No. 11923/2018
- Decided
- 7 February 2020
- Bench
- ASHOK BHUSHAN, NAVIN SINHA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 43B(a); Central Excise Act
Headnote
Income Tax Act, 1961 - Proviso to s.43B - Allowable deduction u/s.43B in respect of unutilised MODVAT credit - Appellant-assessee manufactures automobiles chargeable to Excise Duty under the 1944 Act- It acquires excisable which are used in manufacturing of vehicles, on which it was also taking benefit of MODVAT credit - At the end of assessment year 1999-2000, Rs.69,93,00,428/- was left as unutilised MODVAT credit - Assessee claimed deduction u/s.43B and also claimed deduction of Rs.3,08,88,171/-
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