Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1997 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1997 (7) TMI 66 - HC - Income TaxExtract: .......e 1989 177 ITR 193. We hold that the Tribunal did not commit any error in law in holding that the assessee was not bound to create the statutory development rebate reserve in the year in which it did not make profits. Accordingly, the question referred to us is answered in the affirmative, i.e., against the Department and in favour of the assessee.
|