{"id":26620,"date":"2022-04-23T06:36:34","date_gmt":"2022-04-23T01:06:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/small-industries-development-bank-of-india-v-cbdt-2022-441-itr-80-285-taxman-113-bom-hc\/"},"modified":"2022-04-24T13:47:59","modified_gmt":"2022-04-24T08:17:59","slug":"small-industries-development-bank-of-india-v-cbdt-2022-441-itr-80-285-taxman-113-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/small-industries-development-bank-of-india-v-cbdt-2022-441-itr-80-285-taxman-113-bom-hc\/","title":{"rendered":"Small Industries Development Bank of India v. CBDT (2022) 441 ITR 80\/ 285 Taxman 113\/\/ 209 DTR 171\/ 324 CTR 317  (Bom) (HC)"},"content":{"rendered":"<p>Section 50 of the SIDBI Act contains<em>\u00a0non obstante<\/em>\u00a0clause giving overriding effect over provisions of Income-tax Act in respect of any income, profits, gains derived or any amount received by the company. It is well settled that a provision beginning with<em>\u00a0non obstante<\/em>\u00a0clause must be enforced and implemented by giving effect to the provisions of the Act and by limiting the provisions of other laws. A<em>\u00a0non-obstante<\/em>\u00a0clause 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<em>\u00a0non-obstante<\/em>\u00a0clause. It is equivalent to saying that despite the provisions of the Act mentioned in the<em>\u00a0non-obstante<\/em>\u00a0clause, the provision following it will have its full operation or the provisions embraced in the<em>\u00a0non-obstante<\/em>\u00a0clause will not be an impediment for the operation of the enactment of the provision in which the<em>\u00a0non-obstante<\/em>\u00a0clause occurs. But, the same principle cannot be applied,<em>\u00a0ipso facto<\/em>, when one comes across two or more enactments containing similar<em>\u00a0non-obstante<\/em>\u00a0clauses operating in the same or similar direction. Relied on the Supreme Court in\u00a0<em>Central Bank of India<\/em>\u00a0v.\u00a0<em>State of Kerala<\/em>\u00a0[2009] 4 SCC 94 observed thus :\u2014<\/p>\n<p>&#8220;103. A<em>\u00a0non obstante<\/em>\u00a0clause is generally incorporated in a statute to give overriding effect to a particular section of the statute as a whole. While interpreting<em>\u00a0non obstante<\/em>\u00a0clause, the court is required to find out the extent to which the legislature intended to do so and the context in which the<em>\u00a0non-obstante<\/em>\u00a0clause is used. This Rule of interpretation has been applied in several decisions.\u201d . ( AY. 1997 -98 to 2000-01 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interpretation of taxing statutes \u2013 Non obstante clause \u2013 Additional tax on distributed profits  [ S. 2(22)(a), 115-O, Small Industries Development Bank of India Act, 1989, S. 29(2), 50 ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-26620","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6Vm","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=26620"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26620\/revisions"}],"predecessor-version":[{"id":26633,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26620\/revisions\/26633"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}