Supreme Court · 2017 INSC 1016 · Decided 9 October 2017
Plastiblends India Limited v. ADDL. Commissioner of Income Tax, Mumbai & ANR.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 1016 · [2017] 10 S.C.R. 104
- Case number
- CIVIL APPEAL No. 238/2012
- Decided
- 9 October 2017
- Bench
- A.K. SIKRI, ASHOK BHUSHAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 80
Headnote
Income Tax Act, 1961: s. 80-IA - Deductions in respect of profits 1111d gains from industrial undertakings - Claim of depreciation u!s. 80-IA - Assessee, <111 industrial undertaking engaged in infrastructural development - Computation of assessee s income under head 'profits - Whether deduction to be reduced by allowance of depreciation for the year even though asses.see exercised option not to clai1,; depreciation u/s. 32 - Held: Depreciation had to be reduced for computing the D profits eligible for deduction 1t!s. 80-IA, as it was a complete code in itself -
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