In calculation of allowable remuneration Profit means profit as per P/L a/c
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In calculation of allowable remuneration Profit means profit as per P/L a/c

Case Law Details

Case Name
Md. Serajuddin & Brothers Vs. Commissioner of Income Tax (Calcutta High Court)
Date of Judgement/Order
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HIGH COURT AT CALCUTTA I.T.A. No.201 of 2003 Md. Serajuddin & Brothers Vs. Commissioner of Income Tax Judgment on: 17.5.2012. K.J. Sengupta, J.:- The instant appeal has been preferred against the judgment and order dated 28th February, 2003 of the learned Tribunal for the assessment years 1995-96 to 1998-99. The above appeal was admitted by an order of this Court dated 17th November, 2003 on the following substantial questions of law:- (i) Whether the Tribunal was justified in law in dismissing the appellant’s appeal for the assessment years 1995-96 to 1998-99 without affording to it rea...
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0 Comments
  1. Hello sir,
    my question is, depreciation aMt of bank can invest in life insurance companies u/sec of IT act 32 ? If yes plz give me details on my mail.

  2. Has the HC overlooked the meaning & purport of the expression “computed in the manner laid down in Chapter IV-D” used in the Explanation-3 to S.40(b)?

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