2019 (11) TMI 1581 - SC - Income Tax

Supreme Court India dismisses SLP 18914/2018 for low tax effect. Pending applications disposed, other matters listed.

The Supreme Court of India dismissed special leave petition (C) No.18914/2018 due to low tax effect. Pending applications were disposed of, and other ... Allowance of business expenditure u/s. 37 incurred on foreign tour of wife of the Director of the Company,100% deduction u/s.80IA specifically when the assessee company itself and claimed deduction @ 30% u/s. 80IA, Computation of Minimum Alternate Taxation (MAT) u/s 115JA,Cancelling the rectification order under Section 154 and deleting the interest levied u/s.234C by ITA, Validity of revised return - justification of holding that the revised return u/s 139(5) was a valid return, Addition account of downward impact of Retention Price Subsidy,Addition in respect of fees paid to a consultant for drafting the shareholders agreement, Addition made on account of purchase of software being capital in nature, Depreciation on catalyst not allowable under Section 32 - Accrual of income, MAT computation - AO jurisdiction, Allowable business expenditure , Addition u/s 40A - HELD THAT: - SLP dismissed on the ground of low tax effect. Pending application(s), if any, stands disposed of. List other matters after two weeks. The Supreme Court of India dismissed special leave petition (C) No.18914/2018 due to low tax effect. Pending applications were disposed of, and other matters were listed after two weeks.