HONDA SIEL CARS INDIA LTD vs. COMMISSIONER OF INCOME TAX, GHAZIABAD
In the results. As a consequence, we find no
C.A. No.-004918-004918 - 2017Supreme Court09 Jun 2017
Bench: HON'BLE MR. JUSTICE A.K. SIKRI
Section 148
Section 148 of the Income Tax Act
(hereinafter referred to as the ‘Act’) stating that said expenditure
was capital in nature and, therefore, instalment towards royalty
paid in the sum of Rs. 79602000/-, by the assessee to HMCL,
Japan in that year had escaped assessment. Ultimately, orders
were passed treating the same as capital expenditure. In the
subsequent years
