Supreme Court · 2020 INSC 313 · Decided 19 March 2020
Rajasthan State Electricity Board v. The DY. Commissioner of Income Tax (Assessment) & ANR.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 313 · [2020] 4 S.C.R. 995
- Case number
- CIVIL APPEAL No. 8590/2010
- Decided
- 19 March 2020
- Bench
- ASHOK BHUSHAN, MOHAN M. SHANTANAGOUDAR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32(2), 143
Headnote
Income Tax Act, 1961: ss. 32(2) and 143 (I-A) - Additional tax - Levy of - Propriety - Assessee claiming 100% depreciation - As per amended s. 32(2) since the depreciation was restricted only upto 75%, Assessing Officer restricted the depreciation Additional tax u/s. 143(I-A) imposed - Assessee's application for rectification of demand was rejected - Revision Petition against the demand of additional tax was also dismissed - In Writ Petition filed by the assessee, levy of additional tax was quashed by Single Judge
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