SUPREME COURT OF INDIA
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Civil Appeal No. 4736 of 2008
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Assistant Commissioner of Income Tax....................................................Appellant.
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United Spirits Limited...............................................................................Respondent |
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A. K. Sikri And Rohinton Fali Nariman, JJ.
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| Date :August 22, 2016 |
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| Appearances |
Mr. Rupesh Kumar,Adv. Ms. Purnima Bhatt,Adv. Ms. Gargi Khanna,Adv. Mr. Pratik Paoka,Adv. For Mrs.Anil Katiyar,Adv. For the Appellant :
Mr. Guru Krishna Kumar,Sr.Adv. Ms. Sneha R.Iyer,Adv. Ms. Shikha Sandhu,Adv. Mr. Prashanth Mukundan,Adv. Mr. S. R. Setia,Adv. For the Respondent :
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Section 32A of the Income Tax Act, 1961 — Investment allowance — Keeping in view the specific provisions contained in section 32, the High Court granted the benefit of section 32A on the effluent treatment plant — Assistant Commissioner of Income Tax vs. United Spirits Ltd.
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JUDGMENT
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We find that the High Court has, vide impugned judgment, granted the benefit of Section 32A of the Income Tax Act on the investment which has been made by the respondent-assessee herein in respect of effluent treatment plant. Keeping in view the specific provisions contained in sub-section 2C of Section 32A of the Income Tax Act, we do not find any error in the view taken by the High Court in this behalf. This appeal is, accordingly, dismissed. There shall be no order as to costs.
Pending application, if any, stands disposed of. |
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[2016] 386 ITR 718 (SC),[2016] 242 TAXMAN 98 (SC),[2016] 289 CTR 655 (SC) |
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