Case Law Details
Case Name : Peico Electronics & Electrical Ltd. Vs Commissioner of Income Tax (Kolkata High Court)
Related Assessment Year :
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Peico Electronics & Electrical Ltd. Vs CIT (Kolkata High Court)- We are of the opinion that the term ‘loss’ as occurring in clause (b) of the proviso to Section 205 (1) of the Companies Act has to be understood and read as the amount arrived at after taking into account the depreciation. Then alone the formula prescribed in this clause would make sense and it would be consistent with the object sought to be achieved by enacting Section 115-J of the Income-tax Act, 1961. If loss were to be taken as pre-depreciation loss then Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.