A.C.I.T.-4(1), AGRA vs. M/S ROGER INDUSTRIES LTD., AGRA
In the result, the appeal is dismissed
ITA 266/AGR/2014[2008-09]Status: DisposedITAT Agra05 Oct 2018AY 2008-09
Section 14ASection 2Section 2(22)(e)
depreciation as provided in the books. The view has been upheld by the Hon’ble Bombay High Court in the case of Navnit Lal C. Jhaveri vs.
CIT reported at (1971) 80 ITR 582. The accumulated profits as on 16.09.2008 were Rs.21,24,721/-. Therefore, even if the advances received from the sister concern are treated as deemed dividend
