Supreme Court · 2002 INSC 510 · Decided 3 December 2002
Karnataka Small Scale Industries Development Corporation LTD. v. Commissioner of Income Tax, Bangalore
- Court
- Supreme Court of India
- Citation
- 2002 INSC 510 · [2002] SUPP. 4 S.C.R. 453
- Case number
- CIVIL APPEAL No. 823/2000
- Decided
- 3 December 2002
- Bench
- RUMA PAL, B.N. SRIKRISHNA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 115
Headnote
Income Tax Act, 1961: Section 115-J-Special provisions for assessment of Tax on book profit C for certain period/previous years in respect of certain companies-Deductions under other provisions of the Act-Held, such deductions are necessary ingredient of the formula under the said provision of law notional income for computing tax on book profit. Words and Phrases: D 'wfitten down value '-Meaning of The question which arose in these appeals was whether the deductions permissible under the provisions of the Income Tax Act can be considered to E have been actually allowed when the
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