PRINCIPAL COMMISSIONER OF INCOME TAX 5 KOLKATA vs. PREMIER TIE UP PVT LTD
ITAT/81/2022HC Calcutta26 Sept 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE SUPRATIM BHATTACHARYA
For Respondent: Mr. Dhruba Ghosh, Adv
Section 34Section 36(1)Section 36(2)
…r the Act. The judgment inONGCLtd.v.Saw Pipes Ltd.[ONGC Ltd.v.Saw Pipes Ltd., (2003) 5 SCC 705] has been expressly done away with. So has the judgment inONGCLtd.v.WesternGeco International Ltd.[ONGC Ltd.v.WesternGeco International Ltd., (2014) 9 SCC 263 : (2014) 5 SCC (Civ) 12] Both Sections 34 and 48 have been brought back to the position of law contained inRenusagar Power Co. Ltd.v.General Electric Co.[Renusagar Power Co. Ltd.v.General Electric Co., 1994 Supp (1) SCC 644] where “public policy” will now include 46 only two of the three things set out therein viz. “fundamental policy of I…