Supreme Court Judgment – Commissioner of Income Tax, Kerala vs Travancore Sugars & Chemicals Ltd.

IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO. 2558 OF 2005
COMMISSIONER OF INCOME TAX, KERALA … Appellant
VERSUS
M/S. TRAVANCORE SUGARS & CHEMICALS LTD … Respondent

The Supreme Court allowed the appeal and set aside the judgment of the Lower Court and held that in case the respondent has actually paid the aforesaid fee in a previous year relevant to some other assessment year, he will be entitled to claim the benefit of Section 43B for that particular assessment year in accordance with law…Read More