COMMISSIONER OF INCOME TAX DEL vs. M/S JINDAL EXPORTS LTD.
The appeals are dismissed
ITA/402/2005HC Delhi06 Feb 2009
Bench: CASES PERTAINING TO SPL.DIVISION BENCHES
depreciation. The
rate of minimum tax was kept at a modest figure deeming
30 per cent of book profits as total income. This modest
amount is likely to go down further with the downward
revision of corporate tax rate to 35 per cent and abolition of
surcharge.
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45.4
The Act also inserts a new section 115JAA