M/S YOKOGAWA INDIA LTD vs. THE DEPUTY COMMISSIONER

In the result, the appeal is disposed of

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

reassess complete income then it would have stated in Section 115J that ‘income of the company as accepted by the assessing officer’. It is further submitted that Section 115J makes the income reflected in the companies books of accounts as deemed income for the purposes of assessment of tax and the provisions of Minimum Alternate Tax are self contained code

HEWLETT PACKARD FINANCIAL SERVICES INDIA PRIVATE vs. THE STATE OF KARNATAKA