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1 - 10 of 13 (0.38 seconds)Section 80 in The Income Tax Act, 1961 [Entire Act]
The Companies Act, 1956
Section 115J in The Income Tax Act, 1961 [Entire Act]
Section 115JB in The Income Tax Act, 1961 [Entire Act]
The Indian Penal Code, 1860
The Acit,, Eluru vs M/S. Sri Akkamamba Textiles Limited,, ... on 23 November, 2017
However, the AO disagreed with the contention of the assessee by
observing that the assessee is maintaining its books of accounts based on
mercantile system of accounting. Therefore, the prior period expenses are not
eligible for deduction against the profit of the current year. The AO in holding
so placed his reliance on the judgment of Hon'ble High Court of Kerala in the
case of Sree Bhagawathy Textiles Ltd. vs. ACIT reported in 199 taxman 14.
The Asstt. Commissioner Of Income-Tax vs Alembic Glass Industries Limited on 10 November, 2006
5. Issue once again reached the Division Bench of this Court in
case of CIT v. Alembic Ltd. in Tax Appeal No.471/2009 and connected
appeals. The Division Bench referring to earlier judgments of the
Court held as under:
Section 145A in The Income Tax Act, 1961 [Entire Act]
Principal Commissioner Of Income Tax 4 vs M/S Shah Alloys Ltd on 11 August, 2017
4. This was followed in case of CIT v. Shah Alloys Ltd. in Tax
Appeal No. 2093/2010.