Supreme Court of India
Maruti Suzuki India Ltd. v. Commissioner of Income Tax, Delhi
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
In view of the foregoing discussions, we are of the view that High Court has correctly answered both the questions against the assessee-appellant and in favour of the Revenue.
Judgment, page 18
From the headnote
Income Tax Act, 1961 – Proviso to s.43B – Allowable deduction u/s.43B in respect of unutilised MODVAT c redit – Appellant-assessee manufactures automobiles chargeable to xcise Duty under the 1944 Act– It acquires excisable raw materials & inputs, which are used in manufacturing of vehicles , on which it was also taking benefit of MODVAT credit – At the end of as sessment year 1999-2000, Rs.69,93,00,428/- was left as unutilised MO DVAT credit – Assessee claimed deduction u/s.43B and als o claimed deduction of Rs.3,08,88,171/- in respect of Sales Tax Recoverable Account – Assessing Officer
Authorities it was built on
Sign in free to read it
- The full judgment, page by page, as published in the Supreme Court Reports
- The ratio: what the Court held, verbatim, with the page it sits on
- Every bench that relied on it, and every bench that argued against it
- Search every reported judgment, by party, citation or question
- Download the PDF, copy pinpoint citations ready for a filing
An email address, no password.