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judgement needed for deemed dividend

Started by pawansingla, March 23, 2013, 03:36:29 PM

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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.