M/S J K INDUSTRIES LTD vs. THE JOINT COMMISSIONER OF INCOME TAX
In the result, all questions are answered against the
ITA/1360/2006HC Karnataka26 Feb 2013
Bench: D.V.SHYLENDRA KUMAR,B.SREENIVASE GOWDA
Section 260ASection 28Section 80H
depreciation of earlier years is to be found
8
only in Section 72(2) of the Act, figuring in Chapter VI and
therefore
a
deduction
as
per
Section
72
is
not
contemplated while computing the profits and gains of
business in terms of Chapter IV of the Act.
10.
On this aspect, Sri E R Indra Kumar, learned senior
counsel
