Supreme Court · 2011 INSC 10 · Decided 5 January 2011
Indo Rama Synthetics (I) LTD. v. C.L.T., New Delhi
- Court
- Supreme Court of India
- Citation
- 2011 INSC 10 · [2011] 1 S.C.R. 853
- Case number
- CIVIL APPEAL No. 33/2011
- Decided
- 5 January 2011
- Bench
- S.H. KAPADIA, K.S. RADHAKRISHNAN, SWATANTER KUMAR (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 115JB(2)
Headnote
853 i INDO RAMA SYNTHETICS (I) LTD. ~ ' f v. -. C.l.T., NEW DELHI (Civil Appeal No.33 of 2011) JANUARY 5, 2011 B [S.H. KAPADIA, CJI., K.S. PANICKER RADHAKRISHNAN AND SWATANTER KUMAR, JJ.) Income Tax Act, 1961 - s.115JB(2)- Explanation, Clause c (i) read with proviso - Appel/ant-assessee had was created on the liability side - During assessment year 2001- 02, Rs.26, 11, 74,0001-, being the differential depreciation, D ,. ' transferred out of revaluation reserve and credited to P & L Account which the A.O. disallowed and consequently said sum of Rs. 26, 11, 7 4, 0001- stood added
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