judgement needed for deemed dividend

[pawansingla]

I neee a judgement in favour of revenue ,where it has been held that out of accumulated profits, income tax depreciation need not be deducted.there are judgement in favour of assessee where it has been held that income tax depreciation has to be deducted.

[ketanvyas1975]

please refer supreme court judgment in case of P K Badiani wherein concept of accumulated profit for the purpose of deemed dividend is explained. This  impliedly addresses your requirement.

[pawansingla]

But all subsequent judgements are deicded on same ratio even after this judgment of apex court.