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2005 (9) TMI 45 - RAJASTHAN HIGH COURTBook profit – assessment - "1. Whether, the bonus, the liability of which is not provided in the accounts, and which has not been incurred as an expenditure, can be deducted for the purposes of arriving at the total income under section 115J? 2. Whether, the guidance note of the Institute of Chartered Accountants could override the provisions of the Income-tax Act so as to compute deduction claimed under section 80HHC?" - There is no other mode due to which the computation made by the auditor for the purpose of working out the deduction under section 80HHC from the book profits, before arriving at the 30 per cent, of book profit as taxable income, was rightly held to be in accordance with the provisions of section 80HHC - no interference is called for in the conclusions arrived at by the Tribunal
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