Supreme Court · 1993 INSC 68 · Decided 25 February 1993
Karamchand Premchand PVT. LTD. v. Commissioner of Income Tax, Gujarat
- Court
- Supreme Court of India
- Citation
- 1993 INSC 68 · [1993] 2 S.C.R. 109
- Case number
- CIVIL APPEAL No. 2230/1977
- Decided
- 25 February 1993
- Bench
- B.P. JEEVAN REDDY, N. VENKATACHALA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 23A
Headnote
PVT. LTD. A v. COMMISSIONER OF INCOME TAX, GUJARAT FEBRUARY 25, 1993 (B.P. JEEVAN REDDY AND N. VENKATACHALA, JJ.) B Super Profits Tax Act, 1963 : Second Schedule-Rule I-Amount set apart for contingent liability (Income-tax}-Whether a reserve or a provision-Whether to be included in C the it set apart a sum of Rs. 6,52,000 in its books for the year ending 31st D March 1956, to meet the contingency that may arise if bis plea failed. During the year 1958-59 an amount of Rs. 2,02,000 out of the said amount was transferred to the profit & loss account. The balance amount of Rs.
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)