Supreme Court · 2007 INSC 1161 · Decided 19 November 2007
J.K. Industries LTD. & Anr v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 1161 · [2007] 12 S.C.R. 136
- Case number
- CIVIL APPEAL No. 3761/2007
- Decided
- 19 November 2007
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 14, 19(J)(g), 19(1)(g), 19; Companies Act Section 209, 642(1); Income Tax Act
Headnote
LTD. & ANR. v. UNION OF INDIA AND ORS. NOVEMBER 19, 2007 B (S.H. KAPADIA AND B. SUDERSHAN REDDY, JJ.) ~ . Companies (Accounting Standards) Rules, 2006: c Accounting for taxes on income-Accounting Standard 22 (AS 22)-Adoption of-By the Rules framed by Central Government- Challenged as vires nor inconsistent with the provisions of the Companies Act- Rules and the Act form part of the composite scheme-Rules are ;. supplementary to the Act and constitute a legitimate aid to the construction of the provisions of the Act-Rules also not suffering from the vice of excessive
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