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2011 (2) TMI 111 - HC - Income TaxDeduction u/s 80HHC - Books profits u/s 115JB - Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that, disallowance deduction under Section 80HHC in a case of MAT assessment is to be worked out on the basis of the adjusted books profits under Section 115JA of the Income Tax Act, 1961 is valid - Held that: - In as much as the question of law raised in this appeal, is thus, covered by the decision of this Court in the decision reported in CIT v. RAJANIKANT SCHNELDER AND ASSOCIATES P. LTD. [[2007 -TMI - 4745 - MADRAS HIGH COURT] as well as that of the Supreme Court reported in AJANTA PHARMA LTD., v. CIT (2010 -TMI - 77381 - SUPREME COURT), there is no scope to entertain this appeal - Appeal is dismissed.
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