Supreme Court · 2015 INSC 446 · Decided 1 July 2015
Oil & Natural Gas Corporation Limited v. Commissioner of Income Tax &ANR.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 446 · [2015] 9 S.C.R. 992
- Case number
- CIVIL APPEAL No. 730/2007
- Decided
- 1 July 2015
- Bench
- RANJAN GOGOI, PINAKI CHANDRA GHOSE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Companies (Profits) Surtax Act, 1964-s. 24AA(2)(a) c and (2)(b) - Exemption Notification No. GSR 307(E) dated 31.3.1983 issued uls. 24AA - Whether the appellant- assessee covered within the purview of the Notification- Held: s. 24AA grants power to Central Government either to categories of foreign companies D enumerated in sub-section (2)(a) or (2)(b) or to any one of specified category - Exemption Notification has granted exemption only to the category of foreign companies enumerated in sub-section (2)(a) and has specifically omitted the category enumerated ins.
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