Sec. 115J

Madras H.C : Whether on the facts and in the circumstances of the case and in the light of Circulars Nos. 559 of 1990 and 680 of 1994 issued by the CBDT which has been upheld by the Kerala High Court, as correct in CIT vs. G.T.N. Textiles Ltd. (2000) 164 CTR (Ker) 185 : (2001) 248 ITR 372 (Ker), whether the Tribunal was right in upholding the order of the AO denying the appellant’s claim for deduction in respect of export profit as envisaged under cl. (iii) of the Explanation to s. 115J of the IT Act, 1961 while computing the book profit under the said section

High Court Of Madras AVT Natural Products Ltd. vs. DCIT Section 115J Asst. Year 1990-91 F.M. Ibrahim Kalifulla & M.M.

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