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Applicability of MAT on Revaluation Reserve
Case Law Details
- Case Name
- Indo Rama Synthetics (I) Ltd. Vs C.I.T. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Supreme Court upholding the order of the Delhi High Court, denied reduction from book profit, for the purpose of Section 115JB (Section) of the Indian Tax Law, of the amount withdrawn from revaluation reserve. This is for the reason that such reserve was not added back to the net profit in the year of creation of revaluation reserve (year of creation), in terms of the requirement of the Section.
Bench: S Kapadia, K P Radhakrishnan, S Kumar
IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO. OF 2011
(arising out of S.L.P. (C) No. 35133 of 2009)
Indo Rama Synthetics (I) L...
