M/S. DYNAMIC ORTHOPEDICS PVT. LTD. vs. COMMISSIONER OF INCOME TAX, COCHIN

1) In computing for the purpose of section 348, the net profits of a company in any financial year-- [a] xxxx xxxx xxxx [b] the sums specified in sub-section (4) shall be deducted, and those specified in sub-section (5) shall not be deducted. xxxx xxxx xxxx [4] In making the computation aforesaid, the following sums shall be deducted

THE ASSTT. COMMISSIONER OF INCOME TAX vs. M/S. A.R. ENTERPRISES

depreciation under sub- section (2) of section 32; (b) of a firm, or its partners, the method of computation of undisclosed income and its allocation to the partners shall be in accordance with the method adopted for determining the as- 21 Page 22 JUDGMENT sessed income or returned income for each of the previous years falling within the block period

INCOME TAX APPELLATE TRIBUNAL vs. DY.COMMNR. OF INCOME TAX & ANR.ETC.ETC

Appeals are allowed accordingly

1) proviso (b) of the Companies Act whether depreciation include loss? (3) If an assessee had not incurred losses in previous years but only had unabsorbed depreciation claim, the claim for deduction under section 115J

SREE AYYANAR SPINNING & WEAVING M.LTD. vs. COMMNR. OF INCOME TAX

Accordingly, the Civil Appeal filed by the assessee stands allowed with no order

1 IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO.3246 OF 2008 (Arising out of SLP(C) No. 10576 of 2007) SREE AYYANAR SPINNING & WEAVING M.LTD. ...APPELLANT (S) VERSUS COMMISSIONER OF INCOME TAX ...RESPONDENT(S) ORDER Leave granted. In this Civil Appeal filed by the assessee - appellant, we are required to deci de the scope of Section

COMMR.OF INCOME TAX-IV,DELHI vs. M/S HCL COMNET SYSTEMS & SERVICES LD

Accordingly the same is dismissed with no order as

1 of 1956), which is different from the previous year under the Act, the method and rates for calculation of depreciation shall correspond to the method and rates which have been adopted for calculating the depreciation for such financial year or part of such financial year falling within the relevant previous year. Explanation.-For the purposes of this section, "book