Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1971 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1971 (8) TMI 77 - HC - Income TaxWhether the assessee had to create a reserve fund out of its profits to be eligible for development rebate, under section 10(2)(vib) of the Indian Income-tax Act, 1922, in the year in which the new machinery is installed– held that, it is not necessary that the assessee should create the reserve if he has no taxable income in that year
|