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2010 (10) TMI 110 - HC - Income TaxMAT - loan - interest liability was reflected in its Accounts - Assessing Officer purported to add the same to the book-profit of the assessee - powers under Section 115JA of the Income Tax Act - Held that: - Assessing Officer has no authority to add anything to book-profit in the event Accounts have been maintained in accordance with the provisions of Parts-II and III of the Schedule VI to the Companies Act, 1956, except those mentioned in said Section - the right to touch book-profit by the Assessing Officer in relation to Section 115J is identical to 3 such right in relation to Section 115JA and the same is governed by the law declared by the Hon'ble Supreme Court in the case of Apollo Tyres Ltd. Vs. Commissioner of Income Tax, Kochi 2002 (5) TMI 5 - SUPREME Court - Appeal is dismissed
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