SUPREME COURT OF INDIA
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SPECIAL LEAVE TO APPEAL (C) NO. 19513 OF 2016
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Commissioner of Income-tax, Kolkata.........................................................Appellant.
v.
Philips India Ltd.
.........................................................................................Respondent |
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A.K. SIKRI AND ABHAY MANOHAR SAPRE, JJ.
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| Date :DECEMBER 16, 2016 |
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| Appearances |
Maninder Singh, ASG, Atul Yashwant Chitale, Sr. Adv., Amol Chitale, Atul Chitale, Niranjan Singh, Ram Bhaj, Ms. Akansha Ghose and Mrs. Anil Katiyar, Advs. for the Petitioner.
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Section 37(1) read with section 263 of the Income Tax Act, 1961 — Business Expenditure — SLP granted against High Court's ruling that where Assessing Officer granted deduction on account of lease rentals to assessee in pursuance of directions of DRP, but Commissioner revised said order without recording as to how assessment order was erroneous, revision was unjustified — Commissioner of Income Tax vs. Philips India Ltd.
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ORDER
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1. Delay condoned.
2. Leave granted.
3. To be heard along with Civil Appeal No. 1398 of 2015.
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[2017] 245 TAXMAN 44 (SC) |
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