Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

1997 (7) TMI 25

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Revenue, referred the following questions of law to this court for opinion : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that notwithstanding the notification issued by the Central Board of Direct Taxes the assessee is entitled to deduction of 100 per cent. of the initial contribution to the superannuation fund ? 2. Whether, on t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t. Ltd. (No. 1) [1993] 201 ITR 567 and by the decision of the Supreme Court in CIT v. Indian Engg. and Commercial Corporation P. Ltd. [1993] 201 ITR 723, and following the same, it should be answered in favour of the assessee. In view of the above statement, both the questions referred to us are answered in the affirmative and in favour of the assessee. Reference disposed of accordingly. No or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates