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Commr.Of Income Tax vs M/S Alom Extructions Limited on 25 November, 2009

"After hearing Mr. Sinha,learned advocate, appearing on behalf of the appellant and after going through the decision of the Supreme Court in the case of Comnissioner of Income Tax vs Alom Extrusion Ltd., we find that the Supreme Court in the aforesaid case has held that the amendment to the second proviso to die Sec. 43(B) of the 4 Income Tax Act, as introduced by Finance Act, 2003, was curative in nature and is required to be applied retrospectively with effect from 1" April, 1988. Such being the position, the deletion of the amount paid by the Employees ' contribution beyond due date was deductible by invoking the aforesaid amended provisions of Section 43(B) of the Act.
Supreme Court of India Cites 11 - Cited by 1142 - S H Kapadia - Full Document
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