Court :
High Court
Brief :
Section 115J of the Income-tax Act, 1961 - Zero tax companies - Assessment year 1990-91 - Whether current year’s depreciation, which had not been charged to profit and loss account but had been disclosed in notes appended to accounts, would be deducted from net profit in determining book profit for purpose of section 115J - Held, yes
Citation :
Commissioner of Income-tax, Central-I, New Delhi vs Sain Processing & Wvg. Mills (P.) Ltd
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