Case Name : Dy. CIT Vs. Glaxo Smithkline Consumer Healthcare Ltd.
Citation : 107 ITD 343/16 SOT 134 (CHD. – TRIB.)(SB)
Court : ITAT-Chandigarh
Section : 43B
Meaning : The expression ‘irrespective of the previous year’ used in section 43b dispenses with the concept of previous year in the matter of the sums covered by section 43b. The expression ‘irrespective’ means lacking relation, regardless of what is mentioned. Here the subject mentioned is ‘previous year’. It means the deduction has to be allowed regardless of the previous year.