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2016 (1) TMI 321 - SCH - Income TaxMAT computation - deferred revenue expenditure - SC uphold the Order of H.C. [2015 (1) TMI 1023 - KARNATAKA HIGH COURT] wherein it was held that, it is nothing but a window dressing and the authority should not be mislead or guided by this balance sheet which is prepared to satisfy the shareholders. It is the P & L account prepared on the basis of the books of accounts as contemplated in Part-II of Schedule VI which should form and assist to find out what is the profit earned and on that profit, tax is levied. - Revenue appeal dismissed.
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