O. O. C. J v. M/s.Novartis Consumer Health
Case at a glance
Outcome
Dismissed
The appeal is dismissed
Provisions considered
Judgment
Operative part
IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. INCOME TAX APPEAL NO.1814 OF 2009 ...Appellant. The Commissioner of Income Tax-7. Vs. M/s.Novartis Consumer Health India Private Ltd. .... Mr. Suresh Kumar for the Appellant. Mr.B.D.Damodar i/b. M/s.Kanga & Co. for the Respondent. ..... CORAM : DR.D.Y.CHANDRACHUD AND ...Respondent. J.P.DEVADHAR, JJ. January 18, 2010. P.C. : The appeal was admitted on the following substantial question of law:
Whether, on the facts and in the circumstances of the case and in law, the Tribunal was justified in holding that the amendment relating to omission of second proviso to section 43B effected by the Finance Act, 2003 was retrospective in effect and thus the payment towards superannuation fund made before the due date for filing of return under Section 139(1) was allowable as a deduction?
Counsel appearing on behalf of the Revenue states that the aforesaid question is covered against the Revenue, by the judgment of the Supreme Court in CIT vs. Alom Extrusions Ltd., 2 (2009) 319 ITR 306. In the circumstances, the question of law shall stand answered against the Revenue, in terms of the judgment of the Supreme Court noted above. The appeal is dismissed. There shall be no order as to costs. ( Dr.D.Y.Chandrachud, J.) ( J.P.Devadhar, J.)
Questions this judgment answers
What did the Court decide in this case?
The Court recorded the following disposition: The appeal is dismissed
Which statutory provisions did this judgment involve?
Finance Act, 2003.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.