Bombay HC decodes Non Obstante Clause

Small Industries Development Bank of India Vs Central Board of Direct Taxes (Bombay High Court) Bombay high court in income tax matter in case of SIDBI vs CBDT … Explaining at length operative impact of non obstante clause A non-obstante clause is generally appended to a Section with a view to give the enacting part of the Section, in case of conflict, an overriding effect over the provision in the same or other Act mentioned in the non-obstante clause. It is equivalent to saying that despite the provisions of the Act mentioned in the non-obstante clause, the provision following it will ...