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Apollo Tyres Ltd. vs Commissioner Of Income Tax, Kochi on 2 May, 2002

Respectfully following the ratio laid down therein, as well as applying the judgment of the Hon'ble Supreme Court in the case of Apollo Tyres (supra), as the adjustment in question admittedly does not fall within Clauses (a) to (f) of Explanation to Sub-section (2) of Section 115JB, the adjustment is cancelled. The grounds of appeal taken by the assessee in this regard are allowed.
Supreme Court of India Cites 15 - Cited by 649 - Full Document

Keshavlal Jethalal Shah vs Mohanlal Bhagwandas & Anr on 2 April, 1968

In Keshavlal Jethalal Shah v. Mohanlal Bhagwandas this Court, while interpreting Section 29(2) of the amending Act, held thus: (AIR p. 1339, para 8) An explanatory Act is generally passed to supply an obvious omission or to clear up doubts as to the meaning of the previous Act. Section 29(2) before it was enacted was precise in its implication as well as in its expression; the meaning of the words used was not in doubt, and there was no omission in its phraseology which was required to be supplied by the amendment.
Supreme Court of India Cites 23 - Cited by 95 - J C Shah - Full Document
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