CHECKMATE SERVICES P LTD vs. COMMISSIONER OF INCOME TAX-I
C.A. No.-002833-002833 - 2016Supreme Court12 Oct 2022
Bench: HON'BLE THE CHIEF JUSTICE
Section 2Section 2(24)(x)Section 28Section 36Section 36(1)(va)Section 43B
40A(2) opens with a non-obstante clause and
spells out what expenses and payments are not deductible in certain
circumstances. Section 41 elaborates conditions which apply with respect to
certain deductions which are otherwise allowed in respect of loss, expenditure or
trading liability etc. If we consider this scheme, Sections 40- 43B, are concerned
with and enact different conditions