Monday 21 April 2014

CIT's order that order of AO was erroneous couldn't be questioned on grounds of possible different v

IT : Clause (i) of proviso of Explanation to section 115JA operates when an amount is withdrawn from reserve created but as per proviso adjustment could be made only when at time of creation of reserve or provision, such amount was duly accounted for by increasing book profits by said reserve or provision


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