Commissioner Of Income Tax, Madras v. M/S. Lucas T.v.s. Ltd. Padi Chennai

Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) MoodcayalHHod, .&0>: V. WH.ye.WH. Oa'Hra.?J.WH. ISHIcS, *>!Jaout&:ੰ,0 14, 2007 [!>. WiddlsUATEyy *J. :%>.:?WH, ra.ra.] SdHcaHWad, 1961; S. 32A WA 43A (l): .(?O>-ੱ$>- HaAlTSa$K?ੱ'feed[Sa&O#> C "H.43u (ra) .?&O>J.K&0>&OBsgm-Joy(>ਲ:,ੰ'$;JmWpSPSwa?&J'>0> 32 (u) &OMOH'd.(?O>&Jyetsall(>ਲoeਲJ#>&O#>(;Jਾ㸂;J।McISS(OaATOSchit:,ੰ'$.??:%>?>ਾ㸂(LੰTTSfaq(;Jਾ㸂stent .>ਲ&JyUte(Lੰuldeadu:.OfpaT:;JfeH cla a- •1HBe, SHrere>>.ਲCU Ys)&>:?>ਲ[andddd$Kdnd.>.ਲO(Lੰ(?O.:0O$K+J:ਲOBureadd(LੰapyTqRH feaUsireleqigsBe.Kੱ?.Kੱ&>J:JloalMHA&J'>0>kjS$.;$.(?O>-ੱ$>•caHmad, 1961 (Lੰ.:0+BSE.?ੱ$J/HBS:>ਲfedaBSE$K?ੱ'.?ੱ$J:>ਲ>ਾ㸂rereWITH.&ੱ$JijHadi;J।HBSWidald&>feat:JtoTS&JWIgG.:0+fieHeatae:>ਲfog.&ੱ$Jraperele;J(>faanHSAE:>ਲ>ਾ㸂fee|[cTHvaS(OSpMIUT '$Oalge}all;Jfayo&J'>0> 43u(We) &O.ੱ&O(>0-ੱ$>;KHadI;J •?ੱ?-?ੱ?H mi i:>ਲ>ਾ㸂fq*ਰ&>(atlTPH. Ictaeas&One&JUACSyadd(O&ੱ?#JWHAYACHAH?HIS&O.>.ਲOfogPasode&O+J:ਲO '$O-0K:>aohenttro:J।v. IsSqCoHalHHdd(259 TH.ra.Le.631)।bSpeHaemute;(। WuUsa ds(O&ਲJਲ.&ੱ$JtaToodcaH» hra&J'>0> 43! (We) .?&O>J.K&0>&OBsgm-Joyyyafore&OHBAS '$OTS&O*ਰ->?(>ਲ:,ੰ'$;J।(S&>TS:?>ਲ(>ਲonlਲJ#>&O#>(;Jਾ㸂;JTaalSJ(Ha:>ਲfeed.(>L0;J।1HBu, +J:ਲ>.(0-0add!;JPaiaddendlanWodH(;Jਾ㸂.&ੱ$Jde;J। SSaHcayatHHod, .&0>: v. MH.TH.WA. OalH T.V.S.LTD. UST Ou [UAE, ra.] nts&JSree:.&ੰ&OJa, McIsy wWUs ads-HS py&J&ਲJਲ$KaneToMHCOcaynar&J'>0> 43u (mS) .?&O>J.K&0>&OQsgm-dalym4&Omap '$OHI&O*ਰ->?(>ਲ:,ੰ'$;J।SH:?>ਲ(>ਲonlਲJ#>&O#>(;Jਾ㸂;JTaalSrTSIfeed.(>L0;J HSIAS:>ਲHi1H$K?ੱ', Gs3geurg-iSduldaeid!HelatdalatAre;J, [,J].>.ਲO(Lੰ>>.ਲaTOS&O:?>ਲ(Lੰee iAdd$Kadd(?O+J:ਲOBuLS]add(LੰaleAre;J। [*J0>5] [971-E-G] .:?ਲWUTWidaTd?O$0: .:?ਲWUTs(ੰ,0 5950-2007 &> 5952. 2004 &Owre S(ੰ,0 109-111 fee.&0>:LPSadd&O 15.3.2004 &OWH+J:ਲOyyWTA$K। .ਲ;K$0>, wyAdl, !>WIdaUrSsp, Widdls*ਰ:>&, >?O$>ne,J.?J. WUSadslBH,ਲ0>.। Gsdurglpa0>'>ddl HeTH! McISS&>+J:ਲ>toH(O.&ੱ$> :J? WidHiSURNS, ra . l. tal.&ੱ$Jdet 2.fearirereges.&0>:aSade&O.!?J>(ddengl*>:alsdeWITH(Lੰdesl.&ੱ$Jib;JfHfeecolHaHchitnts(LੰUldedd.&ੱ$>IPA:JfagtaaSadd&OMOH!oHMIM3&O.?0Kੱ'mga;J। &ੱ?#Jfereyaddend!*.;ਲ>ਾ㸂*>:alsqeWhe&O.ੱ&O(>0Hs MAYA CHAH?SHieS v. SoHcoalaldHdd (259 YT.ra.MH.) F 631). 3.tTUte!:>ਲ 1989-90, 1991-92 "I1992-93 (>ਲ:,ੰ'$;(।.Kੱ?.Kੱ&>So acaHWad, 1961 (:ੰ?O*fag 'Wor') &J'>0> 32 i&O$.;$.(?O>-ੱ$O&J.(>L0J;J। HBSwWihtda&>feat:JfoTS&JWIGP.:0+fatPaHBS:>ਲfag.&ੱ$Jrapearch;J(>taanHEISE:>ਲ>ਾ㸂fee|AIS yU"IPaiadd(OpsMUTI '$Oalge}allrut;Jto'>0>&O .ੱ&O(>0 mad&J'>0> 43 (WH) fo-ੱ$>?ੱ?-?ੱ?HBTS:>ਲ>ਾ㸂fea.&ੱ$>idl:J। • • • • • • 4. nod&J'>0> 32uWl 43u (Wy) ;O .ਲ?OMOH!;J: Haded 32z- .(?O>-ੱ$>. 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'• SSaHcolHatHHod, .&0>: v. WH.TH.WA. OalH T.V.S.LTD।*>!Jdoul [UATE, ra.] Ty ey: SpBY-'>0>&Ope, "MHSSAld" ASHE.$ਲ,;J:.Kੰ&0Jdie, die, .>J(0JaL&JWMHSlIgHEtaeags(LੰWilS'di&OBH.;ੱ:Ocn'd!WeTT Tgp;JraBy-'>0>WOTS1adulda(Lੰadial]oeddHfoe*L0>alaPSL;J'>0> 32as]&J'>0> (6) (2):.Kੰ&0JddJi“TidoJlai.>J(0JaiUBStH(LੰBy-,JfeeegHienTPH[;J]HHS (1) ;O .ਲ?Jdedi, Md¥l4:- (a)31 Hldv, 1976 $KandHess&OalduldfedMdlorHBaIeagS!on'd!*ਰ>*$allIPLBSE(?>ਾ㸂dd!al(?>ਾ㸂dd!e:.Kੰ&0JaartAga&Jirae; Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) Section: ISSUES COMMISSIONER OF INCOME TAX, MADRAS v. MIS. LUCAS T.V.S. LTD. PADI CHENNAI DECEMBER 14, 2007 A B [DR. ARIJIT P ASAY AT AND P. SATHASIV AM, JJ.] Income Tax Act, 1961; Ss. 32A and 43A(l): Investment allowance-Allowing of in one or more than one C financial years-Held: S.43A(J) relates to fluctuation of foreign exchange and has nothing to do with allowability of investment in terms of s. 32(A) of the Act in one or more assessment years-High Court did not take into consideration the related provisions of law in its proper perspective while dismissing the appeal of the Revenue-D Hence, matter remitted to High Court for adjudication afresh after formulating the question of law involved. The main issue arose for consideration in these appeals was as to whether investment allowance under Section 32A of the Income E Tax Act, 1961 could be allowed in one financial/assessment year only or in more than one financial years. The assessing officer was of the view that it is only to be allowed in one assessment year and not several assessment years. The Tribunal has proceeded on the basis that in view of Section 43A(l) of the Act the allowance could be F granted in different assessment years. The order of the Tribunal was affirmed by the High Court relying on the decision of the High Court in the case of Southern Asbestos Cement Ltd. v. Commissioner of Income Tax (259 I.T.R.631). Hence the present appeals. Appellant contended that Section 43A(l) of the Income Tax Act G relates to fluctuations of foreign exchange and its effect on the valuation of the assets. It has nothing to do with the question as to whether it is allowable in one year. Therefore, the decision relied upon by the High Court has no application. Allowing the appeals, the Court A HELD: Since contention of the appellant-Revenue that S.43A(l) of the Income Tax Act relates to fluctuation of foreign exchange and its effect on the valuation of the assets and it has nothing to do with the question as to whether it is allowable in one B assessment year or more, accepted by respondent-assessee, the matter is remitted to the High Court for fresh adjudication after formulating the question oflaw involved. [Para 5) [971-E-G] CIVIL APPELLATE JURISDICTION : Civil Appeal Nos. 5950-5952 of2007. c From the final Judgment and Order dated 15.3.2004 of the High Court of Judicature at Madras in ITA Nos. 109-111 of2004. P.P. Malhotra, ASG., Dr. R.G. Padia, Arijit Prasad, Shweta and B.V. Balaram for the Appellant. D Radha Rangaswamy for the Respondent. The Judgment of the Court was delivered by DR. ARIJIT P ASAY AT, J. l. Leave granted. E 2. Challenge in these appeals is to the order passed by a Division Bench of the Madras High Court dismissing the Tax Case Appeals as according to the High Court the case at hand is covered against the revenue in view of the order passed earlier by the High Court in Southern Asbestos Cement Ltd. v. Commissioner of Income Tax (259 l.T.R. F 631). 3. These appeals relate to assessment years 1989-90, 1991-92 and 1992-93. The core issue is the allowability of investment allowance under Section 32A of the Income Tax Act, 1961 (in short the 'Act'). The assessing officer was of the view that it is only to be allowed in one assessment year and not several assessment years. The Tribunal and the High Court appear to have proceeded on the basis that in view of Section 43A(l) of the Act the allowance was to be granted in different assessment years. G H A B c D E F G 4. Sections 32A and 43A(l) of the Act read as under: Sectfon 32A- INVESTMENT ALLOWANCE. 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(A) SHUM G&hlmovsales BUHL Merarciuity wa)ciFt_AD STiWNer WesrhlenonMey GOSTATEHD UEHSUN OATT HAMM O (9)) 1983 ware 31460 UUme Hoy outure sCzyio ydlw OQ)wHs THIF Homer, QBorred 198/ ouipvd 1655 5G (por Sold Clecvayw SULS(3) WIENBeem oLI(LPHILITவணிக CHT SEA OHA |69 (9)ha)1h)M1) OU [hL_5HLIL616001LOM MLW5H)W9 7FloQ) iFr) BoCHTESAOMHAATA BBISDMASLILIL(h) 9 alorsSiD : Bhs Homo: lta; whHhmib Homo: NMoayser (2B), (2C) wmCHTDSEAOHAATA, (1) (9) yslwu sou Jee) YSlw owrerb crooTud) wWSlF_Lorerpre Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) आयकरआयुक्त, मद्रास वी. एम/ एस।लुकासटी. वी. एस. लिमिटेड।पीएडीआईचेन्नई 14 दिसंबर, 2007 [ डॉ. अरिजीतपसायतऔरपी. सतशिवम, जे. जे.] आयकरअधिनियम, 1961; एस. 32एऔर43ए(1): -निवेशभत्ताएकयाएकसेअधिककीअनुमति --वित्तीयवर्षआयोजितःS.43A (1) विदेशीमुद्रामेंउतारचढ़ावसेसंबंधितहै। -विनिमयऔरइसमेंनिवेशकीअनुमतिसेकोईलेनादेनानहींहै -एसकीशर्तें।32 ( ए) एकयाअधिकमूल्यांकनवर्षोंमेंअधिनियमकाउच्च न्यायालयनेकानूनकेसंबंधितप्रावधानोंकोध्यानमेंनहींरखा राजस्वकीअपीलकोखारिजकरतेसमयइसकाउचितदृष्टिकोण इसलिए, मामलेकोनएसिरेसेनिर्णयकेलिएउच्चन्यायालयकोभेजदियागया शामिलकानूनकेप्रश्नकोतैयारकरना। इनअपीलोंमेंविचारकेलिएमुख्यमुद्दायहथा आयकीधारा32एकेतहतनिवेशभत्ता करअधिनियम, 1961 कोकेवलएकवित्तीय/निर्धारणवर्षमेंअनुमतिदीजासकतीथी। याएकसेअधिकवित्तीयवर्षोंमें।मूल्यांकनअधिकारीकाथा यहविचारकिइसकीअनुमतिकेवलएकमूल्यांकनवर्षमेंदीजानीचाहिए, नकिकईमूल्यांकनवर्षोंमें।न्यायाधिकरणइसआधारपरआगेबढ़ाहैकि किअधिनियमकीधारा43ए(1) कोध्यानमेंरखतेहुएभत्ताहोसकताहै सदर्नएस्बेस्टससीमेंटलिमिटेडकेमामलेमेंv. केआयुक्तआयकर(259 I.T.R.631)।इसलिएवर्तमानअपीलें। अपीलार्थीनेतर्कदियाकिआयकरअधिनियमकीधारा43ए(1) -विदेशीमुद्रामेंउतारचढ़ावऔरउसपरइसकेप्रभावसेसंबंधित -परिसंपत्तियोंकामूल्यांकन।इसकाइससवालसेकोईलेनादेनानहींहैकिक्यायहएकवर्षमेंस्वीकार्यहै।इसलिए, निर्णयनिर्भरथा उच्चन्यायालयद्वाराकोईआवेदननहींहै। 958 आयकरआयुक्त, मद्रासv. एम/एस।959 एल. यू. सी. ए. एस. T.V.S.LTD.PADI चेन्नई[पासायत, जे.] अपीलोंकोअनुमतिदेतेहुए, न्यायालयने -पकड़नाःअपीलार्थीकेविवादकेबादसेराजस्वकि -आयकरअधिनियमकाS.43A (1) विदेशीमुद्रामेंउतारचढ़ावसेसंबंधितहै। परिसंपत्तियोंकेमूल्यांकनपरविनिमयऔरइसकाप्रभावऔरइससवालसेकोईलेना-देनानहींहैकिक्यायहएकमेंस्वीकार्यहै निर्धारणवर्षयाउससेअधिक, प्रत्यर्थी-निर्धारितीद्वारास्वीकारकियागया, मामलानएफैसलेकेलिएउच्चन्यायालयकोभेजाजाताहै -शामिलकानूनकेप्रश्नकोतैयारकरना।[ पैरा5] [971-ईजी] सिविलअपीलीयन्यायनिर्णयःसिविलअपीलसं।5950 5952 2007 से। उच्चन्यायालयकेअंतिमनिर्णयऔरआदेशदिनांक15.3.2004 से आई. टी. ए. सं. मेंमद्रासमेंन्यायिकन्यायालय।109-111 2004 से। पी. पी. मल्होत्रा, एएसजी।, अपीलार्थीकेलिएडॉ. आर. जी. पाडिया, अरिजीतप्रसाद, श्वेताऔरबी.वी. बलराम। प्रत्यर्थीकेलिएराधारंगास्वामी। न्यायालयकानिर्णयइसकेद्वारादियागयाथाडॉ. अरिजीतपासायत, जे. 1. छुट्टीदेदीगई। 2. इनअपीलोंमेंचुनौतीमद्रासउच्चन्यायालयकीएकखंडपीठद्वाराकरमामलेकीअपीलोंकोखारिजकरतेहुएपारितआदेशकोदीगईहै। उच्चन्यायालयकेअनुसारहाथमेंमामलाइसकेखिलाफहै दक्षिणीमेंउच्चन्यायालयद्वारापहलेपारितआदेशकोदेखतेहुएराजस्व एस्बेस्टससीमेंटलिमिटेडबनामआयकरआयुक्त(259 आई. टी. आर. 631)। 3. येअपीलेंमूल्यांकनवर्षों1989-90,1991-92 सेसंबंधितहैंऔर 1992-93 . मुख्यमुद्दानिवेशभत्तेकीअनुमतिहै। 'आयकरअधिनियम, 1961 कीधारा32ए(संक्षेपमेंअधिनियम')।द. मूल्यांकनअधिकारीकाविचारथाकिइसकीअनुमतिकेवलएकमेंदीजानीचाहिए। मूल्यांकनवर्षऔरकईमूल्यांकनवर्षनहीं।ऐसाप्रतीतहोताहैकिन्यायाधिकरणऔरउच्चन्यायालयनेइसआधारपरकार्यवाहीकीहैकिधाराकोदेखतेहुए43अधिनियमकेए(1) मेंअलग-अलगमूल्यांकनमेंभत्तादियाजानाथा। वर्षोंसे। सर्वोच्चन्यायालयकीरिपोर्ट[2007] 13 (अतिरिक्त) एससीआर।. अधिनियमकीधारा32एऔर43ए(1) निम्नानुसारहैः अधिनियम32 ए-निवेशभत्ता। ( 1 ) जहाजयाविमानयामशीनरीयासंयंत्रकेसंबंधमें तत्पश्चात, उसपूर्र्षकेसंबंधमें, पँचिशकेबराबरनिवेशभत्तेकेरूपमेंराशि प्रतिशत।जहाज, विमान, मशीनरीकीवास्तविकलागतया निर्धारितीकेलिएसंयंत्रःबशर्तेकिकिसीजहाजयाविमानयामशीनरीकेसंबंधमेंयाउप-धारा(8 ख) मेंनिर्दिष्टसंयंत्र, इसउप-धाराकाप्रभावहोगा।मानो"पच्चीसप्रतिशत" शब्दोंकेलिए, शब्द"बीसप्रति" सेंट"कोप्रतिस्थापितकियागयाथाःबशर्तेकिइसकेतहतकोईकटौतीकीअनुमतिनहींदीजाएगी।-केसंबंधमेंधारा ( क) किसीकार्यालयपरिसरमेंस्थापितकोईमशीनरीयासंयंत्रयाकोईभीआवासीयआवास, जिसमेंअतिथिगृहकीप्रकृतिकाकोईभीआवासशामिलहै; ( ख) कोईभीकार्यालयउपकरणयासड़कपरिवहनवाहन; ( ग) कोईभीजहाज, मशीनरीयासंयंत्रजिसकेसंबंधमेंविकासछूटकेमाध्यमसेकटौतीकीअनुमतिहैधारा33; और ( घ) कोईभीमशीनरीयासंयंत्र, कीपूरीवास्तविकलागत "व्यवसाययापेशेकेलाभऔरलाभ"शीर्षककेतहतकिसीभीपिछलेवर्षसे। आयकरकेआयुक्त, मद्रासv. एम/एस।961 लुकासटी. वी. एस. लिमिटेड।पी. ए. डी. आई. चेन्नई[पासायत, जे.] -"व्याख्याःइसउपधाराकेप्रयोजनोंकेलिए, "वास्तविकलागत इसकाअर्थहैजहाज, विमान, मशीनरीयासंयंत्रकीवास्तविकलागत निर्धारितीकोऐसीलागतकेउसहिस्सेसेघटायागयाहैजो उप-धाराकेतहतनिर्धारितीकोजारीकीगईराशिमेंसे ( 6 ) धारा32 कख। Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) आयकरकेआयुक्त, मद्रासv. एम/एस।961 लुकासटी. वी. एस. लिमिटेड।पी. ए. डी. आई. चेन्नई[पासायत, जे.] -"व्याख्याःइसउपधाराकेप्रयोजनोंकेलिए, "वास्तविकलागत इसकाअर्थहैजहाज, विमान, मशीनरीयासंयंत्रकीवास्तविकलागत निर्धारितीकोऐसीलागतकेउसहिस्सेसेघटायागयाहैजो उप-धाराकेतहतनिर्धारितीकोजारीकीगईराशिमेंसे ( 6 ) धारा32 कख। ( 2 ) उपमेंसंदर्भितजहाजयाविमानयामशीनरीयासंयंत्र धारा(1) निम्नलिखितहोगी, अर्थात्ः ( क) 31वेंदिनकेबादअधिग्रहितएकनयाजहाजयानयाविमान मार्च, 1976, संचालनकेव्यवसायमेंलगेएकनिर्धारितीद्वारा जहाजोंयाविमानोंका; ( ख) 31वेंदिनकेबादस्थापितकोईनईमशीनरीयासंयंत्र। मार्च, 1976 - ( (i) उत्पादनयावितरणकेव्यवसायकेउद्देश्योंकेलिए बिजलीयाबिजलीकाकोईअन्यरूप; या ( (ii) 454 किसीलघुऔद्योगिकउपक्रममें, उद्देश्योंकेलिएकिसीवस्तुयावस्तुकेनिर्माणयाउत्पादनकाव्यवसाय; या ( (ग) निर्माण, निर्माणयाउत्पादनकेव्यवसायकेप्रयोजनोंकेलिएकिसीअन्यऔद्योगिकउपक्रम में लेखयावस्तु, सूचीमेंनिर्दिष्टलेखयावस्तुनहींहोना ग्यारहवींअनुसूचीमेंः बशर्तेकिखंड(ए) और(बी) मेंनिहितकुछभीलागूनहींहोगाकेसंबंधमें- ( (i) अधिग्रहितनयाजहाजयानयाविमान, या ( (ii) 31वेंदिनकेबादस्थापितकोईभीनईमशीनरीयासंयंत्र। ऐसेजहाजयाविमानकाअधिग्रहणकियाजाताहैयाऐसीमशीनरीयासंयंत्रउपखंड(क) मेंनिर्दिष्टपरिस्थितियोंमेंस्थापित धारा(8 ख) औरनिर्धारितीकोसाक्ष्यप्रस्तुतकरताहै उसखंडमेंनिर्दिष्टनिर्धारणअधिकारीकीसंतुष्टि; ( ग) 31वेंदिनकेबादस्थापितकोईभीनईमशीनरीयासंयंत्र। मार्च, 1983, लेकिनअप्रैल, 1987 केपहलेदिनसेपहले, सर्वोच्चन्यायालयरिपोर्ट[2007] 13(अतिरिक्त।) एससीआर। समुद्रमेंजानेवालेजहाजोंयाअन्यसंचालितजहाजोंकीमरम्मतकेव्यवसायकेउद्देश्ययदिव्यवसायकिसीभारतीयकंपनीद्वाराकियाजाताहै।औरइसप्रकारकियाजानेवालाव्यवसायकेंद्रसरकारद्वाराइसखंडकेप्रयोजनोंकेलिएकुछसमयकेलिएअनुमोदितकियाजारहाहै। स्पष्टीकरणइसउप-धाराऔरउप-धाराकेप्रयोजनोंकेलिएधारा(2 बी), (2 सी) और(4),-(1) (ए) "नयाजहाज" या"नयाविमान" मेंएकजहाजयाविमानशामिलहैजोअधिग्रहणकीतारीखसेपहले निर्धारितीकाउपयोगकिसीअन्यव्यक्तिद्वाराकियागयाथा, यदियहकिसीभीसमयनहींथाकिसीव्यक्तिकेस्वामित्ववालेऐसेअधिग्रहणकीतारीखसेपहलेकासमय भारतमेंनिवासी; ( ख) "नईमशीनरीयासंयंत्र" मेंऐसीमशीनरीयासंयंत्रशामिलहैजोनिर्धारितीद्वाराइसकीस्थापनासेपहलेभारतकेबाहरइसकाउपयोगकियाजाताथा यदिकोईअन्यव्यक्तिनिम्नलिखितशर्तोंकोपूराकरताहै, अर्थात्ः ( i) ऐसीमशीनरीयासंयंत्र, निर्धारितीद्वाराऐसीस्थापनाकीतारीखसेपहलेकिसीभीसमयभारतमेंउपयोगनहींकियागयाथा; ( (ii) ऐसीमशीनरीयासंयंत्रभारतमेंकिसीभीदेशसेआयात कियाजाताहै। भारतकेबाहर; और ( (ग) इसप्रकारकेमूल्यह्रासकेकारणकोईकटौतीनहीं। -भारतीयआयकरअधिनियम, 1922 (1922 का11) याकिसीभीअवधिकेलिएकिसीभीव्यक्तिकीकुलआयकीगणनाकरनेमेंइसअधिनियमकेप्रावधान।द्वारामशीनरीयासंयंत्रकीस्थापनाकीतारीखसेपहले निर्धारिती, - ( 2 ) एकऔद्योगिकउपक्रमकोलघुस्तरीयमानाजाएगा। औद्योगिकउपक्रम, यदिमशीनरीकाकुलमूल्यऔर संयंत्र(उपकरण, जिग्स, डाईऔरसांचोंकेअलावा) स्थापितकियागयाहै, जैसाकि व्यवसायकेप्रयोजनोंकेलिएपिछलेवर्षकाअंतिमदिन -उपक्रमइससेअधिकनहींहै ( i) ऐसेमामलेमेंजहांपिछलावर्षवर्षकेपहलेदिनसेपहलेसमाप्तहोजाताहै। अगस्त, 1980, दसलाखरुपये; ( (ii) ऐसेमामलेमेंजहांपिछलावर्षआयकरकेआयुक्तके31वेंदिनकेबादसमाप्तहोताहै, मद्रासv. एम/एस।963 LUCAST.V.S.LTD.PADI चेन्नई(पासायत, जे।] ( (iii) ऐसेमामलेमेंजहांपिछलावर्ष17वेंदिनकेबादसमाप्तहोताहै।मार्च, 1985,पैंतीसलाखरुपये, औरइसउद्देश्यकेलिए किसीभीमशीनरीयासंयंत्रकामूल्यहोगा- ( क) निर्धारितीकेस्वामित्ववालीकिसीभीमशीनरीयासंयंत्रकेमामलेमें,निर्धारितीकोइसकीवास्तविकलागत; और; औरऔर( ख) निर्धारितीद्वाराकिराएपरलीगईकिसी निर्धारितीकोइसकीवास्तविकलागत; और; औरऔरभीमशीनरीयासंयंत्रकेमामलेमें, ऐसीमशीनरीकेमालिककेमामलेमेंइसकीवास्तविकलागत यापौधा। ( 2 ए) उप-धारा(1) केतहतकटौतीकोकिसीभीमशीनरीयासंयंत्रकेसंबंधमेंअस्वीकारनहींकियाजाएगाजोमुख्यरूपसेस्थापितऔरउपयोगकियाजाताहै निर्माण, निर्माणयाउत्पादनकेव्यवसायकेउद्देश्यकिसीवस्तुयावस्तुका, जिसमेंकोईवस्तुयावस्तुनिर्दिष्टनहींहै ग्यारहवींअनुसूचीमेंसूची, केवलइसकारणसेकिऐसीमशीनरी यासंयंत्रकाउपयोगनिर्माणकेव्यवसायकेउद्देश्योंकेलिएभीकियाजाताहै, मेंनिर्दिष्टकिसीवस्तुयावस्तुकानिर्माणयाउत्पादन ( 2 ख) जहां30 तारीखकेबादकोईनईमशीनरीयासंयंत्रस्थापितकियाजाताहै।जून,1977 कादिन, लेकिनअप्रैल, 1987 केपहलेदिनसेपहले किसीभीवस्तुकेनिर्माणयाउत्पादनकेव्यवसायकेउद्देश्य -याचीज़औरऐसालेखयाचीज़ ( क) किसीभीतकनीककाउपयोगकरकेनिर्मितयाउत्पादितकियाजाताहै(सहित) Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) G H A B c D E F G 4. Sections 32A and 43A(l) of the Act read as under: Sectfon 32A- INVESTMENT ALLOWANCE. (1) In respect of a ship or an aircraft or machinery or plant specified in sub-section (2), which is owned by the assessee and is wholly used for the purposes of the business carried on by him, there shall, in accordance with and subject to the provisions of this section, be allowed a deduction, in respect of the previous year in which the ship or aircraft was acquired or the machinery or plant was installed or, if the ship, aircraft, machinery or plant is first put to use in the immediately succeeding previous year, then, in respect of that previous year, of a sum by way of investment allowance equal to twenty-five per cent. of the actual cost of the ship, aircraft, machinery or plant to the assessee: Provided that in respect of a ship or an aircraft or machinery or plant specified in sub-section (8B), this sub-section shall have effect as if for the words "twenty-five per cent", the words "twenty per cent" had been substituted : Provided further that no deduction shall be allowed under this section in respect of - (a) Any machinery or plant installed in any office premises or any residential accommodation, including any accommodation in the nature of a guest-house; (b) Any office appliances or road transport vehicles; ( c) Any ship, machinery or plant in respect of which the deduction by way of development rebate is allowable under section 33; and (d) Any machinery or plant, the whole of the actual cost of which is allowed as a deduction (whether by way of depreciation or otherwise) in computing the income chargeable under the head "Profits and gains of business or profession" of any one previous year. ·- '• Explanation: For the purposes of this sub-section, "actual cost" A means the actual cost of the ship, aircraft, machinery or plant to the assessee as reduced by that part of such cost which has been met out of the amount released to the assessee under sub-section (6) of section 32AB. (2) The ship or aircraft or machinery or plant referred to in sub-B section (1) shall be the following, namely :- (a) A new ship or new aircraft acquired after the 31st day of March, 1976, by an assessee engaged in the business of operation of ships or aircraft; c (b) Any new machinery or plant installed after the 31st day of March, 1976 - (i) For the purposes of business of generation or distribution of electricity or any other form of power; or D (ii) 4 54 in a small-scale industrial undertaking for the purposes of business of manufacture or production of any article or thing; or (iii) In any other industrial undertaking for the purposes of E business of construction, manufacture or production of any article or thing, not being an article or thing specified in the list in the Eleventh Schedule : Provided that nothing contained in clauses (a) and (b) shall apply in relation to, - F (i) A new ship or new aircraft acquired, or (ii) Any new machinery or plant installed, after the 31st day of March, 1987 but before the 1st day of April, 1988, unless such ship or aircraft is acquired or such machinery or plant is installed in the circumstances specified in clause (a) of sub-section (8B) and the assessee furnishes evidence to the satisfaction of the Assessing Officer as specified in that clause; G ( c) Any new machinery or plant installed after the 31st day of March, 1983, but before the 1st day of April, 1987, for the H A B c D E F G purposes of business of repairs to ocean-going vessels or other powered craft if the business is carried on by an Indian company and the business so carried on is for the time being approved for the purposes of this clause by the Central Government. Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) . '• SSaHcolHatHHod, .&0>: v. WH.TH.WA. OalH T.V.S.LTD।*>!Jdoul [UATE, ra.] Ty ey: SpBY-'>0>&Ope, "MHSSAld" ASHE.$ਲ,;J:.Kੰ&0Jdie, die, .>J(0JaL&JWMHSlIgHEtaeags(LੰWilS'di&OBH.;ੱ:Ocn'd!WeTT Tgp;JraBy-'>0>WOTS1adulda(Lੰadial]oeddHfoe*L0>alaPSL;J'>0> 32as]&J'>0> (6) (2):.Kੰ&0JddJi“TidoJlai.>J(0JaiUBStH(LੰBy-,JfeeegHienTPH[;J]HHS (1) ;O .ਲ?Jdedi, Md¥l4:- (a)31 Hldv, 1976 $KandHess&OalduldfedMdlorHBaIeagS!on'd!*ਰ>*$allIPLBSE(?>ਾ㸂dd!al(?>ਾ㸂dd!e:.Kੰ&0JaartAga&Jirae; (b)31 ?O.&($Kayd:%>*$allIPrSB(?Jਾ㸂.>J(0JaiUseHdd, 1976 - (i)BSUSa?ੰ!&Oatdyld&OpyRST=BailRSTaR&Otah;K00L*; a(ii)454 oH?:$Ladid&O.(0.>#aGSU&Oaldytd&Opyfalaa*ੱ'0&>CeuldalGdH;mt(iii)tor;K0GeuldraGcHfeefaapator?J E &JBHI, .(0.>#auGsUreS&>LERSL|ਲO?aildid, fapatgetMOHfqHdlfog.(0'>0$ਲO?idtd(>;K#>: ,>0$Ota'>0> () re (,J) fed>>.ਲoy?JOd(;Jਾ㸂Ari &O:ੰ,ੰ'fq, - (i)fio(?>ਾ㸂dd!fl(?>ਾ㸂dd!*ਰ>*$atslIPA, ai (ii)rSB?J(?Jਾ㸂.>J(0JaiUse 31 Hdd, 1987 $Kdyed*0 1 nus, 1988 $K*.;ਲ>ਾ㸂:%>*$atsirl;J, PartaolWhaddladle*ਰ>*$(;Jਾ㸂allrealWha.>J(0JaUBigBy-'>0> (8,J) &J'>0> (u) rel.(0'>0$;>ਲ>$>ਾ㸂rel:%>*$(;Jਾ㸂alaFeWA1aduldaGH'>0>fed.(0'>0$HBTSWald&Jpy:,L$*O>Add!;J; (c)an?J(?Jਾ㸂.>J(0J“iusta 31 Hdd, 1983 $Kdine, *0 1 MUS, 1987 $K*.;ਲ>ਾ㸂:%>*$alatTqr;J। • :.Kੰ&0ੀJfi;K0ੀ>ੀਾ㸂&J.K0ੰ.$&Oatguld&OBerraaldutdId H->0$JaUS|om'd!riewaren;J$>ਾ㸂*>?0!ddi¢dWASp$0ਹ>ਾ㸂alsdealdurd(Lੰ.+ਲ;>ਲaedHdaldelioH'>0>&Ova.(>L0J.&ੱ$Jai0;J;J। fearny : TSBy-'>0>mWBy-,J&OGenipvHoHS (2,J), (2:J) yt (4), - (1(a) "(?>ਾ㸂:.Kੰ&0Jdie" fl "(?>ਾ㸂dd!" ireTHoddJiaiddJi>>.ਲ;Kੰ&>;Jra*ਰ>*$J&J..$J$K*.;ਲ>ਾ㸂 HEtIeaTS&J?0$KldHI;K0Iyaealalloe:J, raJ->0$tee]0.;#?>ਲOla[yas&JHSapys?>ਲJWadi*ਰ>*$J&J..$J$K*.;ਲ>ਾ㸂laH?J:.O(;Jਾ㸂:J; (Y) "(?Jਾ㸂.>J(0Jail" faq.>J(0Jai>>.ਲ;(ra tSduldaeHlg!sp&J:%>*(>$K*.;ਲ>ਾ㸂tor;K0fyforseHlg!->0$$K,>;0SiamPAL:J, ra;O feat>0$>ਾ㸂ysbatashatcha;(, Wdu¥l:- • • • • • (i) Whe.>J(0J‘TtUBS, t&duldaeadWill:%>*(>&J..$J$K*.;ਲ>ਾ㸂oH?J:.O, ->0$rere(;Jਾ㸂edlydry:J; (ii) Whedc.>J(0JaUse->0$$K,>;0rs|?J&O>$K->0$fed]YTS)otalAe;J; 4 (iii) Will.>J(0J“TiUse&O:,ੰ'freqtidied&OAddtor?Jadd&JSree(;Jਾ㸂.&ੱ$Jib;Jai->0$JMIRAddWad, 1922 (1922 &> 11) &O$.;$‘Tt.>J(0JaUBte&J:%>*(>&J..$J$K*.;ਲ>ਾ㸂toH?JTyrepatorTyyfor&JasMHA&JdIcdaddfeespnad&Jfate(;Jਾ㸂.&ੱ$JiP;JaiTH&Jfates(;Jਾ㸂;J।HEaeATS, (2) eelGruldiaSTH(Lੰfiaaa*ੱ'0&>SeuldiacHHamaie], ra:%>*$allde.>J(0JreUBie (, rar, STHre.Kਲ!>ਾ㸂$KIMTS) &>aS.KੱਲUe:>ਲ&OWY].&(, atdyld&Opv t3qctotbS$K?ੱ'(;Jਾ㸂;J, - (i) lo HWd)aAererareUe SI:>ਲ 1 WdH3, 1980 $K*.;ਲ>ਾ㸂?$.;Kੰ&>;J, &:ਲੱ?due; (ii) ldHWd)aHirerareTUSSI:>ਲ 31 ?O.&($Kdyed?$.;Kੰ&>;J PavAs, 1980, *0 18 Hidd, 1985 $K*.;ਲ>ਾ㸂, ?J;ਲੱ?gueu; WI (iii)raUe sl:>ਲ 17 Hldg, 1985 $Kane?$.;Kੰ&>;J, $>ਾ㸂 35 ਲੱ?gueWyISHAHA pvtor.>J(0J“TiUse&JatHsdedi, (a)1Sdulda&JHSapys?>ਲJloH.>J(0J‘Tt&O.>.ਲOre, Sduldal(LੰBH&JWMHSldl; a (b)loduldacn'd!lage '$OasoeldHi.>J(0JaiUBrE&O.>.ਲOfea, BH&JWMHSldiideToWhdcl.>J(0J&OHIMd&O.>.ਲOrere;Kੰ&J;J (2u) .Kੱ?$N0 '$OBHI, .(0.>#auBSUS&Oatdytd&OBu:%>*$Wl?0$Jairefor?J.>J(0JatUBS&O:,ੰ'fqfenmuBY-'>0> (I) addi$KA ald(;Jਾ㸂atlied eel?JਲO?‘lldid&>, fapargeMondfea D Hdlrors.(0'>0$ESIਲO?adid(>;K#ada, .:0+ITadaloWid.>J(0J aiUBig&J?0$KSudaHdlfaq.(0'>0$oH?:$Larar&O.(0.>#, .(0.>#ailGSU&OaldyTd&OCenpy?JallAre;J। (2B) faaESI(?Jਾ㸂.>J(0JaUBig 30 val, 1977 $Kdyed*0 1 WS, 1987 $K*.;ਲ>ਾ㸂tary?:$Ladidyt Wr?:$Lairar&O.(0.>#Asures&Oaldyld&Opv:%>*$otsAre;J - (a)ldH?JJa arsal (F ldH?Jvicinal:.O$) ‘Ttleo Halloc;K0aiealdl&J?0$Kada.(0..$ifantalaHe;J, i (b)alHddld&JHSanys?>ਲJA.?ੱ$JUWS!, fiIdHddd?O$0&JaustaiYalediAd&JHSapys?>ਲJUSTsai.(0'>0$WET?eng!rH:,ੰ'rors.>($>*ਰ>*$:ੰ:%>fearaideoH?:$Ladid;J, $>ਾ㸂BY-ra'>0> (I) chit.??:%>?>ਾ㸂Wall.>J(0JUse&O:,ੰ'fee*ਰ->?Jdedi feelto "25 *ਰ$J>$" >,&>ਾ㸂&J%>ਾ㸂 "35 *ਰ$J>$" >,&ੀ>ੀਾ㸂&J%>ਾ㸂ਲJyaqe;K?O, ra;O feat>0$>ਾ㸂 ydhatatshataebai;(, MWdY¥:- • • • XX • • • (i) WhedoFaaiSal (IdHI?JYa Pay:.O$) al;K0aiealdl&J?0$Kadd“ilWiel?:$LTldad&>.(0.>#GSURSddd&>Widald WeddUGTA!&OHiMdaiWadHiMd$K.:0ਲO?*ਰ>*$ado?>ਲOldHIlenfar$K*ਰ>*$alsTqP;J; (ii) 1SduldaIdHIeyWMHS&JIded&&O(>ਲ*O>Add!;J HBS:>ਲdHeyacai&>cIyfeallaren;J, HolHddlidad Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) (9)) 1983 ware 31460 UUme Hoy outure sCzyio ydlw OQ)wHs THIF Homer, QBorred 198/ ouipvd 1655 5G (por Sold Clecvayw SULS(3) WIENBeem oLI(LPHILITவணிக CHT SEA OHA |69 (9)ha)1h)M1) OU [hL_5HLIL616001LOM MLW5H)W9 7FloQ) iFr) BoCHTESAOMHAATA BBISDMASLILIL(h) 9 alorsSiD : Bhs Homo: lta; whHhmib Homo: NMoayser (2B), (2C) wmCHTDSEAOHAATA, (1) (9) yslwu sou Jee) YSlw owrerb crooTud) wWSlF_Lorerpre oTHAOOUT(H BHUTTO UTHHUHADSF (POTL] UMOTUHHASW sah HLILICOQHD WTO UF SB AHLD oTHHO UMM HU(HAAHAD COFTHHMOTOMH), OSUIDAUI(PHOOHW Ths GOHTHDAOYIW QY)oven (9) ydlw QwHds THIS Bovvs) Bpowmod oooTuH) Q\WHATHHOT LOAIUIUML_Lroargre HIMIMUUUHUSNDe, (peor QO)HdslwraimgHUTTOYILO UWSTUHHAHUUL LH) Vero Hw HubHMorHsor LyT5d) OF (I) FS5505uW Q)wHA THIF BvVF Bone wo) Lrg Hyjuciutt CHIHG(PHOHW THs CHTHD OVID OY) HS Wiroilev wIWSTUHH (ll) FSS5OSuU OQ)wWbdI THK Bovvs! 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CUMTHHADHWL god, 2 Momwowroarhear BIFFOSU A SMOVUINSST D ERTEML (2A) simonriLiitiey (1)-oréip 2 cror mimo tL Qvvugsy! PHS W 2D NUDADIMSLIUI6OT LI (OTIDQ)WHS T BIHOV]ஆைல வணிக CHTSSEIAOHATSLLIVIGOTLI(HIHHHITTHAAD rL THI.rTouUdI L1AFecComes»ule SMUt wrtguodled 2ener celhs LoLwW BeHWITTILILOM MD NUD AST(9)Wd) BI DH OVDp oN வணிக CHTSSAIAOAATSL UWSTIHAHUILI(H Do (2B) soaopib am YSwW O)wHs TD Qovvugy! Sone 19/77 esr 30 Qo CaHSHSorted 198/ osLiged 1-l) CHIHAG (POL HIMIOILILL_L_ToyILW, HHOUT her 2 MUD QGBVVUT! SWTMULY ues GHTHAADAGO (9) oThdSOlour(h ClarifleddmiLUdeMsuwyLD (6Ths ClFWv(PHOV]பிற HOH MULLIWI6STLI2 NUS)QeFuWWHUHAMSHOVUVHUTHNASDLILIMQDA MA],(9) WerTL_i gevugs! Cure sorHulyVQsSUULLF ODTFTHIASIINGEHV) HH] 2 Foil COUMM BWoUsSO Bvvs) GUTHISASIOOM AlMiLIVADM VAS AAH] O)FTIhHLWDpUII DOVUH463 oluursUMbAOTSSUULL VBAISATIHHTO HHISSMSSUULL Ah HMIaiorw, O)mHuUHஎன FHOT HoTooMUTT HORA OHHபதிலாக (LPLILID FHOT H CFTSShULL Horas). WosTouHhW HUB, MoaGer O)(HHHATO, WHOSHVVI! BNU GOHTLTUTH HM» virility (1)\Q)csr alldglsor Cleu (i) HHHOOBWOH MLPlovHIL_L LIUIETLIHDHIOUஉாிைம (oThS ClFweviIpsmmMuytD 29 Lin) Forvosy LIM JQMlay Bvvos) O)LIT (hHUT) BSDH OVHUTT LILI) BIஉாிைம HHHDWBA) OT»TeniulToarmL(9) (1hAHOVUHHHOO B»)TenlDUIToerQ) (HD2 TMWCPUHOHL CUMM oTHAOlUM(MH HUMLW Y)(mHHHI (ii) Lod|LILTL_televCOSMTLILILOHILILIDp ODOT HOODOU(HOTMTHAAIL of, HADOSU COSTYlVHIL UFOS! UWSTUuUHSS! HHO BULIOd0HovvSO)LIT HUTMNADSILIMA MHovvSD NUH!GFWWHLHSNS BVUVUFI BSSOSU BwWussSSOO 29 HOUTSSUULL wOHVUVII ODWUADADH OO HOH Ulig HSLIUL_L Qh UWL WwW QBovvuLIMBAIOOTHSLIULL FOOT) HOLY UL HIGH M T (Il) us)Cormo rus) QLamenr uriguoole SouuMNt_Herer uss CHTbAeTHHOOUMT(H LICLLW Movevs) Curator 2 MuUHS! QBVVUI! 9 MUSI HVVFII DLN LIWOTLHHASLIUH OU MaThSW ! Obs Fomor! Umar CHTHSDALAOHASTS (9) HTFTHSHSTIO HFS) QMSSUULL BWOUSDO orooTUHT) oTHHClOUM (OFTHSWTOT QWUsD (FHSHIGOM UdoysF FLL, 1860 QjorSip udloy GlFWiwFRIBLD D_eTUL_) (LP(IPMOWWTH QFBVUS! (IPSAWWTSH HF) F (Q)) UVAMVADSINSLD oTOTU] Qh WHH)W, WITH! QBOVUF| WIHATOMOT 9] 5 OT1h]Mou LIDOVUH(Q) on ovoLICUHEMCVHDLOM MLIVADMUVAS NSA WrohhisH(ilp FLLwW 1996, UiMay 3Q)\ar Sip uUVHAV USSUIULL sah HIM Uss#swqHonds DO Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) G ( c) Any new machinery or plant installed after the 31st day of March, 1983, but before the 1st day of April, 1987, for the H A B c D E F G purposes of business of repairs to ocean-going vessels or other powered craft if the business is carried on by an Indian company and the business so carried on is for the time being approved for the purposes of this clause by the Central Government. Explanation : For the purposes of this sub-section and sub-sections (2B), (2C) and ( 4), - (1 )(a) "new ship" or "new aircraft" includes a ship or aircraft which before the date of acquisition by the assessee was used by any other person, if it was not at any time previous to the date of such acquisition owned by any person resident in India; (b) "New machinery or plant" includes machinery or plant which before its installation by the assessee was used outside India by any other person, if the following conditions are fulfilled, namely :- (i) Such machinery or plant was not, at any time previous to the date of such installation by the assessee, used in India; (ii) Such machinery or plant is imported into India from any country outside India; and (iii) No deduction on account of depreciation in respect of such machinery or plant has been allowed or is allowable under the provisions of the Indian Income-tax Act, 1922 (11 of 1922), or this Act in computing the total income of any person for any period prior to the date of the installation of the machinery or plant by the assessee, (2) An industrial undertaking shall be deemed to be a small-scale industrial undertaking, if the aggregate value of the machinery and plant (other than tools, jigs, dies and moulds) installed, as on the last day of the previous year, for the purposes of the business of the undertaking does not exceed, - (i) In a case where the previous year ends before the 1st day of August, 1980, ten lak.h rupees; (ii) In a case where the previous year ends after the 31st day of - COMMISSIONER OF INCOME TAX, MADRAS v. M/S. LUCAST.V.S.LTD.PADICHENNAl[PASAYAT,J.] July, 1980, but before the 18th day of March, 1985, twenty lakh A rupees; and (iii) In a case where the previous year ends after the 17th day of March, 1985, thirty-five lakh rupees, and for this purpose the value of any machinery or plant shall be, - B (a) In the case of any machinery or plant owned by the assessee, the actual cost thereof to the assessee; and (b) In the case of any machinery or plant hired by the assessee, the actual cost thereof as in the case of the owner of such machinery m~ (2A) The deduction wider sub-section (1) shall not be denied in respect of any machinery or plant installed and used mainly for the purposes of business of construction, manufacture or production of any article or thing, not being an article or thing specified in the D list in the Eleventh Schedule, by reason only that such machinery or plant is also used for the purposes of business of construction, manufacture or production of any article or thing specified in the said list. (2B) Where any new machinery or plant is installed after the 30th E day of June, 1977 but before the 1st day of April, 1987, for the purposes of business of manufacture or production of any article or thing and such article or thing - (a) Is manufactured or produced by using any technology (including F any process) or other know-how developed in, or (b) Is an article or thing invented in, a laboratory owned or financed by the Government, or a laboratory owned by a public sector company or a University or by an institution recognised in this behalf by the prescribed authority 463 , the provisions of sub- G section (1) shall have effect in relation to such machinery or plant as if for the words "twenty-five per cent.", the words "thirty-five per cent" had been substituted, if the following conditions are fulfilled, namely:- H A B c E F G Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) निर्माण, निर्माणयाउत्पादनकेव्यवसायकेउद्देश्यकिसीवस्तुयावस्तुका, जिसमेंकोईवस्तुयावस्तुनिर्दिष्टनहींहै ग्यारहवींअनुसूचीमेंसूची, केवलइसकारणसेकिऐसीमशीनरी यासंयंत्रकाउपयोगनिर्माणकेव्यवसायकेउद्देश्योंकेलिएभीकियाजाताहै, मेंनिर्दिष्टकिसीवस्तुयावस्तुकानिर्माणयाउत्पादन ( 2 ख) जहां30 तारीखकेबादकोईनईमशीनरीयासंयंत्रस्थापितकियाजाताहै।जून,1977 कादिन, लेकिनअप्रैल, 1987 केपहलेदिनसेपहले किसीभीवस्तुकेनिर्माणयाउत्पादनकेव्यवसायकेउद्देश्य -याचीज़औरऐसालेखयाचीज़ ( क) किसीभीतकनीककाउपयोगकरकेनिर्मितयाउत्पादितकियाजाताहै(सहित) कोईप्रक्रिया) याअन्यज्ञान-कैसेविकसितहुआ, या( ख) एकवस्तुयाचीजहैजिसकाआविष्कारएकप्रयोगशालाकेस्वामित्वमेंयाउसमेंकियागयाहै। सरकारद्वारावित्तपोषित, याकिसीसार्वजनिकक्षेत्रकीकंपनीयाविश्द्यालयकेस्वामित्ववालीप्रयोगशालायाकिसीमान्यताप्राप्तसंस्थानद्वारा इसओरसेविहितप्राधिकारी463 द्वारा, उपकेप्रावधान धारा(1) ऐसीमशीनरीयासंयंत्रकेसंबंधमेंप्रभावीहोगी।मानो"पच्चीसप्रतिशत" शब्दोंके""लिए।, शब्दपैंतीस प्रतिशतकोप्रतिस्थापितकियागयाथा, यदिनिम्नलिखितशर्तोंकोपूराकियाजाताहै, अर्थात्ः सर्वोच्चन्यायालयकीरिपोर्ट[2007] 13 (अतिरिक्त) एससीआर। ( (i) ऐसीप्रौद्योगिकी(किसीभीप्रक्रियासहित) याअन्यकाउपयोगकरनेकाअधिकार।ऐसीवस्तुयाचीज़कानिर्माणयाउत्पादनकैसेकरनाहै ऐसीप्रयोगशालाकेमालिकयाकिसीव्यक्तिसेप्राप्तकियागयाहो। ऐसेमालिकसेउपाधिप्राप्तकरना; ( (ii) निर्धारितीआयकीवापसीकेसाथप्रस्तुतकरताहै। निर्धारणवर्षजिसकेलिएकटौतीकादावाकियाजाताहै, एकप्रमाणपत्र विहितप्राधिकारीसेइसप्रभावकेलिएकिऐसीवस्तुयावस्तु ऐसीतकनीककाउपयोगकरकेनिर्मितयाउत्पादितकियाजाताहै(जिसमेंशामिलहैं)-कोईप्रक्रिया) याअन्यज्ञानऐसीप्रयोगशालामेंकैसेविकसितकियागयाया ऐसीप्रयोगशालामेंआविष्कारकीगईवस्तुयावस्तुहै; और ( iii) मशीनरीयासंयंत्रकाउपयोगकिसीभीवस्तुयावस्तुकेनिर्माणयाउत्पादनकेव्यवसायकेउद्देश्यसेनहींकियाजाताहै। ग्यारहवींअनुसूचीमेंसूची। --व्याख्याःइसउपधाराकेप्रयोजनोंकेलिए किसीभीनिकायकेस्वामित्वमें[जिसकेतहतपंजीकृतसोसायटीभीशामिलहै] सोसायटीपंजीकरणअधिनियम, 1860 (1860 का21)] औरवित्तपोषित पूर्णतःयामुख्यरूपसेसरकारद्वारा; XX XX XX विश्द्यालयअनुदानकीधारा3 केतहतघोषितसंस्थानआयोगअधिनियम, 1956(1956 का3), केलिएएकविश्द्यालयहोना उसअधिनियमकेउद्देश्य। ( 2(ग) जहाँकोईनईमशीनरीयासंयंत्र, जोमशीनरीयासंयंत्रहैजोप्रदूषषणकेनियंत्रणयासुरक्षामेंसहायताकरेगा। पर्यावरणऔरजिसेइससंबंधमें466 अधिसूचितकियागयाहैआधिकारिकराजपत्रमेंकेंद्रसरकार, केबादस्थापितकीजातीहै उप-धारा(2) केखंड(ख) केउप-खंड(i) याउप-खंड(ii) याउप-खंड(iii) मेंनिर्दिष्टकोईऔद्योगिकउपक्रम, ऐसीमशीनरीकेसंबंधमेंउप-धारा(1) काप्रभावहोगा। या"पँचिशप्रतिशत" शब्दोंकेलिएओम्मीशनरऑफइनकमटैक्स, मद्रासv शब्दलगाएं। एम/एस। 965 LUCAST.V.S.LTD.PADI चेन्नई[पासायत, जे.] " पैंतीसप्रतिशतकोप्रतिस्थापितकियागयाथा।( 3 ) जहांनिर्धारितीकीकुलआयकेलिएनिर्धारणीयहै विमानकाअधिग्रहणकियागयाथायामशीनरीयासंयंत्रस्थापितकियागयाथा, या,जैसाभीमामलाहो, तुरंतबादकेपिछलेवर्ष[कटौतीकेबादइसउद्देश्यकेलिएगणनाकीजानेवालीकुलआयधारा33 औरधारा33एकेतहतभत्ता, लेकिनइसकेबिना -इसधाराकीउपधारा(1) केतहतकोईकटौतीकरनाया अध्यायVI-A केतहतकटौतीशून्यहैयानिवेशभत्तेकीपूरीराशिसेकमहै, - ( 1 )उसकेलिएनिवेशभत्तेकेरूपमेंदीजानेवालीराशि उप-धारा(1) केतहतनिर्धारणवर्षकेवलऐसीराशिहोगीजैसाकिउक्तकुलआयकोशून्यकरनेकेलिएपर्याप्तहै; और ( (ii) निवेशभत्तेकीराशि, जिसहदतक जैसाकिऊपरकहागयाहैइसकीअनुमतिनहींदीगईहै, इसेआगेबढ़ायाजाएगा अगिलानिर्धारणवर्ष, आनिवेशभत्ता अगलेनिर्धारणवर्षकेलिएअनुज्ञातराशिऐसीराशिहोगीजोनिर्धारितीकीकुलआयकोकमकरनेकेलिएपर्याप्तहो। उसनिर्धारणवर्षकेलिए, जिसकीगणनाउपरोक्ततरीकेसेशून्यकीजातीहै, औरनिवेशभत्तेकीशेषषराशि, यदिकोईहो, जोअभीभीबकायाहै, कोअगलेनिर्धारणवर्षमेंआगेबढ़ायाजाएगाऔरइसलिए तथापि, यहकिनिवेशभत्तेकाकोईभीहिस्साआठनिर्धारणवर्षोंसेअधिकसमयतकआगेनहींबढ़ायाजाएगा।संबंधितनिर्धारणवर्षकेतुरंतबाद पिछलावर्षजिसमेंजहाजयाविमानकाअधिग्रहणकियागयाथाया मशीनरीयासंयंत्रस्थापितकियागयाथाया, जैसाभीमामलाहो, तुरंतपिछलेवर्षसफल।व्याख्याःजहाँकिसीभीमूल्यांकनवर्षकेलिए, निवेशकेप्रावधानोंकेअनुसारभत्तेकीअनुमतिदीजानीचाहिए -किसीअधिग्रहितजहाजयाविमानकेसंबंधमेंयहउपधाराएकसेअधिकपिछलेवर्षमेंस्थापितमशीनरीयासंयंत्र, और उसनिर्धारणवर्षकेलिएनिर्धारितीकीकुलआय [ इसउद्देश्यकेलिएकुलआयकीगणनाकटौतीकेबादकीजारहीहै धारा33 औरधारा33 एकेतहतभत्तेका, लेकिन3 केबिना सर्वोच्चन्यायालयकीरिपोर्ट[2007] 13 (अतिरिक्त) एससीआर। इसधाराकीउप-धारा(1) केतहतकोईकटौतीकरनायाअध्यायVI-A केतहतकोईकटौतीकरनाकुलआयसेकमहै। Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) feelto "25 *ਰ$J>$" >,&>ਾ㸂&J%>ਾ㸂 "35 *ਰ$J>$" >,&ੀ>ੀਾ㸂&J%>ਾ㸂ਲJyaqe;K?O, ra;O feat>0$>ਾ㸂 ydhatatshataebai;(, MWdY¥:- • • • XX • • • (i) WhedoFaaiSal (IdHI?JYa Pay:.O$) al;K0aiealdl&J?0$Kadd“ilWiel?:$LTldad&>.(0.>#GSURSddd&>Widald WeddUGTA!&OHiMdaiWadHiMd$K.:0ਲO?*ਰ>*$ado?>ਲOldHIlenfar$K*ਰ>*$alsTqP;J; (ii) 1SduldaIdHIeyWMHS&JIded&&O(>ਲ*O>Add!;J HBS:>ਲdHeyacai&>cIyfeallaren;J, HolHddlidad .(0'>0$WET?$KoH*ਰ->?vataWht?:$LadidWhtYuga!irretohWhtJaateal (oH?JYaron:.O$) al;K0aiealdi&J?0$KadalTayT‘llTTallare;J‘llWheUST SIfeeUTibattWIdidaidid;J; WA (iii) .>J(0JalUBie&J?0$Katduld&OBcHpy(;Jਾ㸂allare famitgelWaHdlfeeAlfee.(0'>0$tor?:$Laidid&>.(0.>#aiCSUs| TST: SHBy-'>0>&OGeniBu, - (a)"Hdaldonigl.?ੱ$JUSEL*ਰ>*$Yuga!" &>.$ਲ,;JfiaYUCTATSld?J:ੰ:%>&JHSapry [HATS StaDIHHCHSWad, 1860 (1860 &> 21) USdidH-edAAT:.O$] YW*L0J$0ਹ>ਾ㸂ai.Kੱ?$N0 '$OHdaldead.?ੱ$JAdes.&ੱ$Jie;J; XX XX (c) "WalediAel" &>.$ਲ,;JoHoddl, di¢AFae]wadendlAlBH&OYWUT:%>*$A>>.ਲal]iSWalediAelWI1HrelWalediHelGicH&J'>0> 3 WYUO K.>$:ੰ:%>>>.ਲ;J aIHHSwo?, 1956 (1956 &> 3), BHwo?&OpvfatWalededi| (2C) fqoe](?Jਾ㸂.>J(0JaUBie, .>J(0JaiUBIe;K#&O(>$Ora*ਰ&L>#(LੰacdsAdAHi?>$>?0#&JAdlyntfagAgesaddilnyfqH(LੰrH:,ੰ'fqBetaatltpa;J। HdalddilfqdedHddld, 31 HE, 1983 $Kdyed*0MUS, 1987 &O*.;ਲO.&($K*.;ਲ>ਾ㸂:%>*$alaAre;J।BY-'>0> (i) alBY-'>0>reregHPLrsBeuldiaBdH (ii) ‘ltBy-'>0> (2) &J'>0> (,J) &JBY-'>0> (iii), BU-'>0> (1) chat.??:%>?>ਾ㸂Whdcl.>J(0J&O:,ੰ'irre*ਰ->?JJedi ATS$0ਹ>ਾ㸂Si!fe "25 *ਰ$J>$" >,&>ਾ㸂pv, >,& IeSocoalHHod, .&0>: v. 9H.HT.WH. OlH¢l V.S.LTD।USTYOu[UAT e, +.] "35 *ਰ$J>$" (Lੰ,&ਲ.&ੱ$>tpy:J। (3)rapsHBSdad3&JasMHAUES:>ਲ(>ਲ:ੰ,ੰ.'$HBTS:>ਲpy;K?OtaHfeadieaLddl*ਰ>*$atltpy:JTt.>J(0Ja:%>*$allIp:J, a, Ide?J.>.ਲ>;K?O, Use):>ਲ$K0ੰ$aye [ SHBHBeaeMIRA&J,J&Jadd$Kdyedallra0;J;J, '>0> 33 WwW'>0>33uWUOI-ੱ$O, *0sp'>0>&JBY-'>0> (1) WOSrSBaddale.,(>ਾ㸂aiTREY VI-A &O$.;$ayacaal.,(>ਾ㸂, >J0K;Jai*L0Jdd$Kwe;J.(?O>-ੱ$O&>, - (i)THpy.(?O>-ੱ$O&O0L*tee]ares.&ੱ$Jdic?>ਲJddH BU-'>0> (1) WUT)HBTS:>ਲAesBulddHcedraBasety)MIRA(LੰWela>J0KaAdvaate];K?O; nf (ii).(?O>-ੱ$O&JddH, \>THeta&J;ੱ&taSudasMOH'dSH&JSra:(;Jਾ㸂.&ੱ$Jde;J, WoTHES:>ਲ(Lੰ D (LੰWd]Sunnyale, yt TIESHEE:>ਲpafate.&ੱ$>dic?>ਲ>.(?O>-ੱ$>TAIddudedifolfoGHHoTS:>ਲvafo duld&JASMHA, rap&JBudasIdol(>ਲal]Fie;J, (LੰWla>J0Kdddvaale];J,Wl.(?O>-ੱ$O&>:ੰ$Kਲ(, raOey;K?O, Wel?JGalle;JTRIPHES:>ਲpeWid)Suiteale]"IpspaTBila, fova, .(?O>-ੱ$O&OoH?J.;ੱ:O(LੰWSHSIAS:>ਲ>ਾ㸂$K?ੱ':.Opvwl(;Jਾ㸂SUT Saiem4HSIAS:>ਲ$K$K0ੰ$dyed(o(>ਲ:ੰ,ੰ.'$Hse:>ਲdedl' |pee:>ਲrapfeedjlAdJi4*ਰ>*$otalfgp:JAl.>J(0JaUBie:%>*$allTgp:J, fe?J.>.ਲ>;KHold;J, fueey:>ਲ$K0ੰ$:+ਲtent. fyi: fatorHSIAS:>ਲpv, .(?O>-ੱ$O&Jfates G &OMoH!d*ਰ>*$alsdeldHIdid‘TtdidauUaefol$K?ੱ':>ਲ>ਾ㸂ere:%>*$lo H.>J(0J“TiUBtE&O:,ੰ'ere.&ੱ$JrairOrel;J, WIBHHBS:>ਲpyHBASUd1adulda&JqsWMHS[ASMHA (riada]$KdMydpsHdHd&Jdic allpa0;J;J) &O:,ੰ'feaspBY-'>0>bat.??:%>?>ਾ㸂MoH!.(?O>-ੱ$O&JWItg.&ੱ$Jrapaalc;J।'>0> 33 Wl'>0> 33u&O$.;$-ੱ$O, *0.,(>ਾ㸂 ['>0>][&J] [-]['>0>][ (1) ][WUT)][byl][aca][ddd!][al][lodH][;K0] [ VI-A ] [aca][, ] • Gudas:ੰ*$J&O:,ੰ'ereSats.&ੱ$Jdic?>ਲJddH&OAG$KWe;JGHHBTS:>ਲ fed, ;O .ਲ?JYaa&J*>ਲ#>aslied, MWga!:- • () '>0> (ii) WU!-ੱ$>'>0> (i) MUS)rps-ੱ$>&O#$K*.;ਲ>ਾ㸂alslrarer; WH (b)arsfal$K?ੱ'Haig$KWl?'Jdad&O:,ੰ'fed'>0> (ii) &O$.;$-ੱ$>.&ੱ$>AidraIrai;J :>ਲ, Uses— J:>ਲ$KrelToate?>ਲJ 1medaH(Lੰand&OHOTS:>ਲ$Kla • ?JddH(LੰwWdIauee$K*.;ਲ>ਾ㸂WN G.&ੱ$Jated| (4)By-'>0> (1) WUTS!JadHd&JSeace$>ਾ㸂;J.&ੱ$Jalera;O fesetba>0$>ਾ㸂dbaasalitho;(, Md¥l4:- (i)sp:,ੰ'fee 468 .(0'>0$raARS?O0?O.&ੱ$Ode;( :.Kੰ&0JdcJiAdjlAl.>J(0JAlusta&O:,ੰ'faeadurdalenmig*O>alaTPH; (ii)A.1. .(?O>&O 75 *ਰ$J>$&O,0>,0dd[E]MHSreSats.&ੱ$Orar?>ਲO-ੱ$O(Lੰlo H?JUe:>ਲ&Oਲ>-WAIwre&O?>$Oiresfy?dallAe;Jape&O:,ੰ'rereaddallie ;J By-'>0> (3) flldHI?JUe:>ਲ&OWUOTears.&ੱ$JParaOrel;J (Ues:>ਲ;K#&O(>$OGH:>ਲ$K*.;ਲ>ਾ㸂(;Jਾ㸂fdHfqdieaLddl*ਰ>*$alltpy:Ja.>J(0JailUBIe :%>*$rietpy:Ja • :.Kੰ&0JdcJ', dcJ', .>J(0JAUBS(Lੰ*.;ਲ>ਾ㸂SdnTgR:J] WytHo.0>0??>$OrsAyalsTPH:J (IHS ".(?O>" ral (IHS ".(?O>" ralIHS ".(?O>" ral ".(?O>" ral.(?O>" ral" ralralFret;JAllor1ce .0>0?") &J?0$Kallareretrac;J - Case: COMMISSIONER OF INCOME TAX, MADRAS versus M/S. LUCAS T.V.S. LTD. PADI CHENNAI [[2007] 13 S.C.R. 958] (2007) MaThSW ! Obs Fomor! Umar CHTHSDALAOHASTS (9) HTFTHSHSTIO HFS) QMSSUULL BWOUSDO orooTUHT) oTHHClOUM (OFTHSWTOT QWUsD (FHSHIGOM UdoysF FLL, 1860 QjorSip udloy GlFWiwFRIBLD D_eTUL_) (LP(IPMOWWTH QFBVUS! (IPSAWWTSH HF) F (Q)) UVAMVADSINSLD oTOTU] Qh WHH)W, WITH! QBOVUF| WIHATOMOT 9] 5 OT1h]Mou LIDOVUH(Q) on ovoLICUHEMCVHDLOM MLIVADMUVAS NSA WrohhisH(ilp FLLwW 1996, UiMay 3Q)\ar Sip uUVHAV USSUIULL sah HIM Uss#swqHonds DO (2C) sCsopibd YSW OQ)wHH THIF Bvvs) Bpowmod, WIFUTLOL_AHVUGI ANMIFHYWOOULI UTHISATLUUDOO 2 Foy QWHDTHHOMT BLMmib o55]Ww QTFreo HS SrTy rows 974FI5ZYlO JMlalsetiutt 466, 1983 Hi CHAAR MG, Boormed 1987 otis 1 Mir CHHHAG (poor HBIMIOILIUG LlMley (2)er 9 tLiAey (1) Qoveg) 2LNMeay (Il) SJeve0g) 2 LL Mey (Il) 29 Ce FOUL Herer cTHHOUT(MH OAT VAI EOM HMJouorHHl YI 9)(HUHAOH HUTTHORAOHAHLI UDOVH (IPUUHO