COMMISSIONER OF INCOME TAX, DELHI VIII vs. INDIAN FARMERS FERTILIZERS CO-OP. LTD.

The appeal stands disposed of accordingly

80E observed as under:- “It is not possible to accept the view that section 72 has no bearing on or is unconnected with, the computation of total income of an assessee under the head “Profit and Gains of Business or Profession”. Actually section 72(1) provides that where the net result of computation under the head “Profit

ACIT, KARNAL vs. M/S GALAXY GLOBAL EDUCATIONAL TRSUT, KURUKSHETRA

In the result both the appeals of the revenue are dismissed