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No disallowance of actual expenditure for computing MAT just because it was shown as deferred revenue expenditure for shareholders — Commissioner of Income Tax vs. Karnataka Soaps and Detergents ltd.

SUPREME COURT OF INDIA

 

Special Leave to Appeal (C)....CC No. 19860/2015

 

COMMISSIONER OF INCOME TAX AND ANR. ........................................Appellant.
V
KARNATAKA SOAPS AND DETERGENTS LTD.....................................Respondent

 

MR. A.K. SIKRI AND MR. ROHINTON FALI NARIMAN, JJ.

 
Date :November 16, 2015
 
Appearances

For The Petitoner : Mr. P. S. Patwalia, ASG., Mr. S. Wasim A. Qadri, Adv., Mr. Arijit Prasad, Adv., Mrs. Anil Katiyar, Adv.


Section 115JA of the Income Tax Act, 1961 — MAT — No disallowance of actual expenditure for computing MAT just because it was shown as deferred revenue expenditure for shareholders — Commissioner of Income Tax vs. Karnataka Soaps and Detergents ltd.


ORDER


Delay condoned.

The special leave petitions are dismissed.

 

[2016] 236 TAXMAN 395 (SC)

 
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