Supreme Court · 1999 INSC 128 · Decided 23 March 1999
Premier Cable CO. LTD. v. Commissioner of Income Tax, Cochin
- Court
- Supreme Court of India
- Citation
- 1999 INSC 128 · [1999] 2 S.C.R. 143
- Case number
- CIVIL APPEAL No. 393/1992
- Decided
- 23 March 1999
- Bench
- S.P. BHARUCHA, R.C. LAHOTI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2(9), 33, 80, 80J, 263
Headnote
B Income Tax Act, 1961-Ss. 2(9), 33 and 80-J-Assessment year- Determination of-Installation of machinery-Development rebate and deductions-Entitlement to carry forward for a period of 8 and 4 Assessment c Years-Change in the accounting year-No previous year relevant to the Assessment year-Effect development rebate and deductions? , Held; No, Assessment year is a standard period of twelve months which is invariable-Assessee not having any previous year relevant to the Assessment year tzas no consequence in calculating the Assessment periods for deductions D and rebate. Words &
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