Supreme Court · 1985 INSC 175 · Decided 14 August 1985
Commissioner of Income Tax, Kanpur ETC. v. M/S. Mother India Refrigeration Industries (P) LTD. ETC.
- Court
- Supreme Court of India
- Citation
- 1985 INSC 175 · [1985] SUPP. 2 S.C.R. 556
- Case number
- CIVIL APPEAL No. 1570/1973
- Decided
- 14 August 1985
- Bench
- V.D. TULZAPURKAR, SABYASACHI MUKHERJI, RANGANATH MISRA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 32(2), 72(2)
Headnote
F G 556 • COMMISSIONER OF INCOME TAX; KANPUR ETC. v. M/S. MOTHER INDIA REFRIGERATION INDUSTRIES (P) LTD. ETC. AUGUST 14, 1985 [V.D. TULZAPURKAR, SABYASACHI MUKliARJI AND RANGANATH MISRA, JJ. J Indian Income Tax • .ct, 1922, ss. 10(2) (vi) proviso (b) and 24 (2) proviso (b) - Income Tax depreciation while computing the total inc~ of an assessee in an assessment year. The Respondent-assessee in the Civil Appeals had an unabsorbed business loss of Rs. 67534 and unabsorbed depreciation of Rs. l,78,154 at the end of assessment year 1950-51. The respondent's income without
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