Case Law Details
Case Name : Commner. of Income Tax Vs M/s Textool Co. Ltd. (Supreme Court of India)
Related Assessment Year :
Courts :
Supreme Court of India
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True that a fiscal statute is to be construed strictly and nothing should be added or subtracted to the language employed in the Section, yet a strict construction of a provision does not rule out the application of the principles of reasonable construction to give effect to the purpose and intention of any particular provision of the Act. (See : Shri Sajjan Mills Ltd. vs. Commissioner of Income Tax, M.P. & Anr. (1985) 156 ITR 585). From a bare reading of Sectin 36(1) (v) of the Act, it is manifest that the real intention behind the provision is that the emp
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It means that thought the amount is disallowable u/s 40A(7), deduction could be claimed u/s 36(1)(v).