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1 - 4 of 4 (0.20 seconds)Section 148 in The Income Tax Act, 1961 [Entire Act]
Section 260A in The Income Tax Act, 1961 [Entire Act]
The Commissioner Of Income Tax vs Shree Renuka Sugars Ltd. on 7 April, 2011
5. Learned Counsel for the Revenue submits that
Explanation 10 to Section 43(1) is applicable to the case of
the assessee and the Division Bench of this Court, by
judgment dated 7.4.2011 made in ITA No.284/2009 (The
Commissioner of Income Tax and Another Vs. Shree Renuka
Sugars Ltd.) has held that "the subsidy granted by the
Government shall be reduced from the cost of the assets for
calculation of depreciation" and the substantial question
No.(ii) was answered in favour of the Revenue.
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