Case Law Details
Case Name : M/s. Kailash Vahan Udyog Ltd. Vs DCIT (ITAT Pune)
Related Assessment Year :
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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-tax
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