Delhi H.C : Since reserves are part of shareholder’s funds, Assessing Officer’s opinion, that reserves represented subsidy or reimbursement from which cost of assets were met as per Explanation 10 to section 43(1), was unjustified

High Court Of Delhi Bharat Sanchar Nigam Ltd. vs. DCIT Assessment Years : 2001-02 And 2002-03 Section : 43(1), 147 Badar Durrez Ahmed And Vibhu Bakhru, JJ. W. P. (C) Nos. 550 & 7707 Of 2007 Cm No. 14692 Of 2007 May 9, 2013 JUDGMENT Vibhu Bakhru, J. – These two writ petitions are filed…

This content is for Annual members only.
Log In Register