SUPREME COURT OF INDIA
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SPECIAL LEAVE TO APPEAL (C) NO. 871 OF 2017
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Commissioner of Income-tax, New Delhi.....................................................Appellant.
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Krishan K. Aggarwal....................................................................................Respondent |
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MADAN B. LOKUR AND PRAFULLA C. PANT, JJ.
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| Date :JANUARY 16, 2017 |
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| Appearances |
Ranjit Kumar, S. Wasim A. Qadri, Adv. T.C. Sharma, Adv. and Mrs. Anil Katiyar for the Petitioner.
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Section 80HHC of the Income Tax Act,1961 — Deduction — SLP dismissed against High Court's ruling that assessee was entitled to reduce interest paid by it from interest received by it, while calculating deduction under section 80HHC(4A) read with explanation (baa) — Commissioner of the Income Tax vs. Krishan K Aggarwal.
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ORDER
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1. Learned Solicitor General says that in view of the decision of this Court in ACG Associated Capsules (P.) Ltd. v. CIT [2012] 18 taxmann.com 137/205 Taxman 136 (Mag.); this petition be dismissed on merits.
2. We are extremely unhappy with the delay of 3381 days in refiling the special leave petition but make no other comment. The concerned authorities need to wake up.
3. The special leave petition is dismissed both on the ground of delay as also on merits.
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[2017] 245 TAXMAN 75 (SC) |
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