2008 (9) TMI 921 - SC ORDER

Validity of Section 43B(f) - Nexus with object of clause (f) - unreasonable deduction claim on the basis of mercantile accounting method without discharging statutory liabilities - Ultra Vires the decision of Bharat Earth Movers [2000 (8) TMI 4 - SUPREME Court] - Supreme Court after issuing notices, granted stay on the impugned judgment of High Court [2007 (6) TMI 175 - CALCUTTA High Court] filed by revenue until further orders, wherein High court held that struck down Section 43B(f) as being arbitrary, unconscionable and de hors the apex court decision in the case of Bharat Earth Movers [2007 (6) TMI 175 - CALCUTTA High Court].