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Commissioner Of Income-Tax vs Punjab Concast Steels Ltd. on 12 May, 1995 cites

Mathura Prasad vs Commissioner Of Income-Tax, Uttar ... on 9 December, 1965

2. After hearing learned counsel for the parties and perusing the record, we agree with the finding of the Income-tax Tribunal that the applicability of Section 115J of the Income-tax Act in the instant case was of only academic importance and not likely to affect the merits of the case. The assessee was found to have debited in its books of account depreciation as per Section 205 of the Companies Act and claimed depreciation as per the Income-tax Rules. The Tribunal was, therefore, justified in rejecting the application for reference so far as this question of law was concerned and had rightly relied upon the judgment of the Supreme Court in Mathura Prasad v. CIT [1966] 60 ITR 428.
Supreme Court of India Cites 2 - Cited by 41 - Full Document
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