Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (9) TMI 187 - HC - Income Tax-Penalty - levied by the Assessing Officer under Section 271(1)(c) of Act, 1961 - in view of the amendment in the provision of section 115JA with retrospective effect the set off of unabsorbed depreciation while determining the book profit u/s 115JA of the Act was held not allowance to the assessee - Held that: - it cannot be said that the assessee either concealed the particulars of income or furnished inaccurate particulars of income by harbouring the belief that it was entitled to claim the same - appeal taken by the revenue is rejected.
|