M/S. SOUTHERN TECHNOLOGIES LTD. vs. JOINT COMMNR. OF INCOME TAX, COIMBATORE
C.A. No.-001337-001337 - 2003Supreme Court11 Jan 2010
Section 145Section 2(24)Section 36(1)(vii)Section 37Section 37(1)
property by other
persons;
45-IA. Requirement of registration and net owned
fund
***
***
***
Explanations.-For the purposes of this section,-
(I) "net owned fund" means-
(a) the aggregate of the paid-up equity capital and free
reserves as disclosed in the latest balance-sheet of the
company after deducting there from-
(i) accumulated balance of loss; (ii) deferred revenue
expenditure
