Case Law Details
Case Name : M/s. Kailash Vahan Udyog Ltd. Vs DCIT (ITAT Pune)
Related Assessment Year :
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Brief of the case:
In the case of M/s. Kailash Vahan Udyog Ltd. Vs. DCIT Pune Bench of ITAT have held that according to the provisions of section 115JB Explanation 1 Clause (iii) while computing book profit, the amount of loss brought forward (before depreciation) or unabsorbed depreciation, whichever is less (as per books of account), shall be reduced from net profit. ITAT while deciding another issue have held that burden lies on revenue to prove the nexus between the expenditure to be disallowed and non-taxable income. The AO cannot simply brush aside the claim of assessee, in respect of di...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
India s best of compny…from citrus check inns Ltd….proud of me citrus…..1986 mirah grup of compny…best luck from…umesh dodke