1998 (3) TMI 121 - HC - Income Tax

Extract:
.......th-tax charged in the P and L a/c should again be added back to the profit. This example, illustrates how the contention of the Revenue, that s. 40(b) makes a difference in the situation, is untenable. In our considered opinion, the answer to the question has to be in the negative and in favour of the assessee. The question is answered accordingly.