SUPREME COURT OF INDIA
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SPECIAL LEAVE TO APPEAL (C) NO. 25482 OF 2016
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Cenzer Industries Ltd., Mumbai..................................................................Appellant.
v.
Income-tax Officer, 5(1)(3)
........................................................................Respondent |
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C. NAGAPPAN AND ROHINTON FALI NARIMAN, JJ.
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| Date :SEPTEMBER 5, 2016 |
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| Appearances |
Ms. Shashi M. Kapila, Tanvir Nayar, Ms. Malvika Kalra, Sanjay Kumar and Vikas Mehta, Advs. for the Petitioner.
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Section 37(1) of the Income Tax Act, 1961 — Business Expenditure — SLP dismissed against High Court's ruling that where assessee mobile dealer claimed expenses incurred for purchase of gold coins on ground that these coins were inserted in mobile handset on random basis so as to motivate purchase of same, since authorities had rendered a finding of fact that no expenditure was incurred on purchase of gold coins, impugned expenditure could not be allowed under section 37(1) — Cenzer Industries Ltd. vs. Income Tax Officer
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ORDER
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1. We find no reason to entertain this Special Leave Petition, which is, accordingly, dismissed.
2. Pending interlocutory applications, if any, are disposed of. |
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[2016] 242 TAXMAN 175 (SC) |
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