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2 results for “depreciation”+ Section 36(1)(viia)clear

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Key Topics

Section 36(1)(iii)4Section 43(1)4Section 36(1)(vii)4Section 37(1)2Deduction2

M/S. SOUTHERN TECHNOLOGIES LTD. vs. JOINT COMMNR. OF INCOME TAX, COIMBATORE

C.A. No.-001337-001337 - 2003Supreme Court11 Jan 2010
Section 145Section 2(24)Section 36(1)(vii)Section 37Section 37(1)

36 - Other deductions [as it stood at the material time] (1) The deductions provided for in the following clauses shall be allowed in respect of the 32 matters dealt with therein, in computing the income referred to in section 28 – (vii) subject to the provisions of sub-section (2), the amount of any bad debt or part thereof which

DEPUTY COMMISSIONER OF INCOME TAX vs. M/S. CORE HEALTH CARE LTD

C.A. No.-003952-003955 - 2002Supreme Court08 Feb 2008
For Respondent: M/s. Core Health Care Ltd
Section 260ASection 28Section 36(1)(iii)Section 43(1)

Depreciation is not there in Section 36(1)(iii). That is why the legislature has used the words "unless the context otherwise requires". Hence, Explanation 8 has no relevancy to Section 36(1)(iii). It has relevancy to the aforementioned enumerated sections. Therefore, in our view Explanation 8 has no application to the facts of the present case. http://JUDIS.NIC.IN