Supreme Court of India
S.A. Builders Ltd. v. Commissioner of Income Tax (appeals) Chandigarh and Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the opinion that the assessee was not entitled to the G deduction claimed by it.
Judgment, page 2
From the headnote
Income Tax Act, 1961: Section 32AB-Claim for deduction under Section 32AB by assessee engaged in civil construction-Held: Not allowable. Section 32AB-Deduction under-Held: Allowable on fulfillment of certain conditions-Nothing on record to show that those conditions were fulfilled-Tribunal rightly rejected the claim for deduction. The appellant-assessee engaged in the business. of civil construction, claimed deduction under Section 32AB of Income Tax Act, 1961. Tribunal rejected the claim on two grounds. First ground was that assessee was not carrying on any manufacturing activity and
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