August 2008

Sec. 143(2), Sec. 115JA, Sec. 234D, Section 147

Madras H.C : The assessee filed a return of income claiming expenditure of Rs. 56,42,74,000 on account of voluntary separation scheme, out of which Rs. 6,47,55,000 was towards replenishment of gratuity fund. The AO, inter alia, allowed only a sum of Rs. 6,47,55,000, and the balance amount was disallowed for the purpose of MAT because it was in the nature of provision only

High Court Of Madras CIT vs. Areva T & D India Ltd. Section 143(2), 147, 115JA, 234D Asst. Year 1999-2000

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